India’s Union Budget 2025: Shocking 70% Tax Penalty on Undisclosed Crypto Gains!
Introduction The Indian government has brought cryptocurrency regulations into sharper focus with a major move in the Union Budget 2025. According to Finance Minister Nirmala Sitharaman, gains made in cryptocurrencies that remain undisclosed will come under Section 158B of the Income Tax Act and will be considered black money just like undeclared cash, gold, and jewelry. Crypto investors who fail to report their earnings may now attract a 70% tax penalty. As such, this amendment is part of the g
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