India will impose tax sanctions of up to 70 % on unannounced encryption gains as part of the new regulations under Article 158 B of the Income Tax Law.
India’s cryptocurrency traders may face major tax sanctions on profits that have not been previously disclosed under new amendments to the country’s tax laws.
Current currencies will be included under Article 158b of the Income Tax Law, which is reported from unknown income, according to Indian Finance Minister Nermalla Sitaraman, 2025 advertisement.
The amendment allows encrypted currency gains to assess the assessments if not reported, which places them under the same tax treatment as traditional assets such as money, jewelry and alloys.
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