{"id":148478,"date":"2025-02-02T20:00:19","date_gmt":"2025-02-02T18:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148478"},"modified":"2025-02-02T18:06:57","modified_gmt":"2025-02-02T16:06:57","slug":"india-targets-undisclosed-crypto-profits-with-heavy-tax-penalties","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/india-targets-undisclosed-crypto-profits-with-heavy-tax-penalties\/","title":{"rendered":"India Targets Undisclosed Crypto Profits With Heavy Tax Penalties"},"content":{"rendered":"

Under newly proposed amendments<\/a><\/strong>, digital assets will be classified alongside other taxable holdings, allowing authorities to impose retrospective assessments on undeclared profits. The policy, part of the Union Budget 2025, mandates that exchanges report transactions and subjects traders to backdated tax liabilities.<\/p>\n

The crackdown follows investigations revealing nearly $97 million in unpaid taxes from crypto platforms, with Binance also facing scrutiny. Authorities may now impose penalties as high as 70% on earnings hidden from tax officials for up to four years.<\/p>\n

Regulatory pressure has already reshaped the market, with Bybit suspending operations in India while seeking compliance approval. Meanwhile, similar enforcement is emerging globally.<\/p>\n

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Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

XRP\u2019s Next Move Could Be Its Biggest Yet<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

The U.S. IRS will soon require exchanges to disclose crypto transactions, a move that has sparked legal challenges from industry groups opposing expanded surveillance of decentralized platforms.<\/p>\n

As governments ramp up oversight, crypto investors may seek alternative trading avenues to navigate increasingly restrictive tax regimes.<\/p>\n","protected":false},"excerpt":{"rendered":"

India is tightening its grip on cryptocurrency taxation, introducing harsh penalties for undisclosed gains.<\/p>\n","protected":false},"author":9,"featured_media":36742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[426,424],"coin_category":[],"class_list":["post-148478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-binance","tag-crypto"],"acf":[],"yoast_head":"\nIndia Targets Undisclosed Crypto Profits With Heavy Tax Penalties<\/title>\n<meta name=\"description\" content=\"India is tightening its grip on cryptocurrency taxation, introducing harsh penalties for undisclosed gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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