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𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗦𝗰𝗮𝗻𝗻𝗲𝗿 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮
You thought your crypto trades were under the radar? Think again.
The Income Tax Department just sent 44,057 notices to individuals who failed to report CRYPTO activity in their FY25 ITRs.
It’s part of CBDT’s aggressive NUDGE campaign, a clear message:
They’re watching.
Here’s what is unfolding:
• ₹705 Cr already collected in VDA taxes (FY23–FY24)
• ₹630 Cr in unreported crypto income caught via raids & surveys
• 30% tax + surcharge & cess on profits
• 1% TDS on every single trade
• Mandatory VDA disclosure in ITR-2 & ITR-3
Funny how crypto was once “risky” and “unregulated”…
Until the government realized it could be taxed.
𝗖𝗥𝗬𝗣𝗧𝗢: 𝗯𝗮𝗱 𝗳𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀, 𝗴𝗿𝗲𝗮𝘁 𝗳𝗼𝗿 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗿𝗲𝘃𝗲𝗻𝘂𝗲.
#CryptoAwareness
You thought your crypto trades were under the radar? Think again.
The Income Tax Department just sent 44,057 notices to individuals who failed to report CRYPTO activity in their FY25 ITRs.
It’s part of CBDT’s aggressive NUDGE campaign, a clear message:
They’re watching.
Here’s what is unfolding:
• ₹705 Cr already collected in VDA taxes (FY23–FY24)
• ₹630 Cr in unreported crypto income caught via raids & surveys
• 30% tax + surcharge & cess on profits
• 1% TDS on every single trade
• Mandatory VDA disclosure in ITR-2 & ITR-3
Funny how crypto was once “risky” and “unregulated”…
Until the government realized it could be taxed.
𝗖𝗥𝗬𝗣𝗧𝗢: 𝗯𝗮𝗱 𝗳𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀, 𝗴𝗿𝗲𝗮𝘁 𝗳𝗼𝗿 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗿𝗲𝘃𝗲𝗻𝘂𝗲.
#CryptoAwareness
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