#DigitalAssetBill

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As of May 2, 2025, India is advancing its regulatory framework for digital assets through the Income Tax Bill, 2025. This legislation officially classifies Virtual Digital Assets (VDAs)—including cryptocurrencies, NFTs, and similar digital tokens—as property and capital assets. Consequently, gains from their sale or transfer are subject to capital gains tax, aligning India’s approach with global standards.

The bill also introduces the concept of “virtual digital spaces,” encompassing online platforms like email servers, social media accounts, and digital wallets. Tax authorities are now empowered to access these spaces during investigations, even overriding access controls when necessary.

This comprehensive framework aims to enhance transparency and compliance in the digital asset sector, providing clarity for investors and aligning India with international best practices.