BREAKING: ๐ฎ๐ณIndia's Income Tax Department has collected more than Rs 1,100 crore from crypto activity in the last 3 years.
One state made 57% of Indiaโs crypto gains, with Rs 293 crore TDS collected in FY25.
Government surveys on crypto exchanges
-> Surveys were done on 3 crypto exchanges for not deducting TDS.
-> Found TDS non-compliance worth Rs 39.8 crore.
-> These surveys also found Rs 125.79 crore of undisclosed income.
Undisclosed income detected
Separate actions found Rs 888.82 crore of undisclosed income linked to crypto transactions.
TDS collected in the last 3 years
-> FY 22-23: Rs 221.27 crore
-> FY 23-24: Rs 362.70 crore
-> FY 24-25: Rs 511.83 crore
Total: About Rs 1,096 crore collected.
SOURCE - Ministry of Finance
