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India Reaffirms Harsh Crypto Taxation, Rejects ETF Access as Enforcement Tightens
The Indian government has formally confirmed that no changes will be made to its existing crypto taxation regime, disappointing industry stakeholders who had lobbied for relief in the Union Budget 2025. The current framework—imposing a 30% tax on virtual digital asset (VDA) gains and a 1% tax deducted at source (TDS) on all transactions—remains intact, with no provisions for loss offsets or deductions. At the same time, Indian regulators have reiterated that crypto exchange-traded funds (ETFs) remain unauthorized for domestic investors. Access to international spot Bitcoin ETFs is only available via the ... (full story)
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