Key Crypto Tax & Reporting Updates in India’s Finance Bill 2025 🇮🇳
🔹 Crypto is now legally classified as a “virtual digital asset” under tax laws, giving it official recognition.
🔹 Unreported crypto holdings discovered during tax searches can be treated as concealed income starting February 2025, leading to possible penalties.
🔹 From April 2026, businesses must report all crypto transactions to tax authorities and will have 30 days to correct any errors in their filings.
📢 Bottom line: The government is tightening oversight on crypto—if you’re storing funds there, be ready to explain their source to avoid scrutiny.
