🇮🇳 India's Budget 2025 has made it tougher for people to own and trade Bitcoin and digital assets. Here’s what’s changed: 🔥🤔🚀☄️#BTCNOW
1. Higher taxes on undisclosed crypto income – If someone fails to report their crypto earnings, it will now be considered undisclosed income and will be subject to a tax of up to 70%.☄️
2. Stronger disclosure rules – People who trade crypto will now have to report their earnings more in detail when filing taxes.☄️
3. Cryptocurrencies under investigation and seizure – Authorities can now include crypto holdings when investigating unreported income, which was not the case before.☄️
4. Mandatory reporting by exchanges and platforms – Cryptocurrency exchanges and brokers must report transaction details to tax authorities, similar to stock exchanges and mutual fund companies.☄️
In short, the government is tightening the tax rules on cryptocurrency trading, making it more difficult to trade without full disclosure.☄️
Don't forget to follow to get all the new stuff, thank you 🔥✅️$BTC