Govt collected ₹5.1 billion TDS on crypto transactions in FY25: Report
The government has collected ₹5.12 billion as tax deducted at source (TDS) during 2024-25 (Apr-Mar) on transactions involving cryptocurrencies and other virtual digital assets, Minister of State for Finance Pankaj Chaudhary said on Monday.
The government imposes a flat 30% tax on profits earned from cryptocurrency transactions; it also levies a separate 1% TDS on the transaction value each time a digital asset is bought or sold.
