India’s Budget: Will Crypto Finally Get Some Love? 🤔

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India Budget 2025 (February 1): So, the Finance Minister, Nirmala Sitharaman, dropped the new budget, and the crypto world is like, “Wait, what about us?” 😬 No big tax breaks, but she *did* say “virtual digital asset” (VDA) should be under “undisclosed income.”

Cue the dramatic music! 🎶 Everyone’s wondering if this means the fine print will finally make things clear about crypto. In the meantime, everyone else gets a sweet zero-income tax policy up to Rs 12 lakh. Lucky them!

India Budget 2025: FM’s Comments Give Crypto a Glimmer of Hope?

Okay, so maybe “hope” is a strong word. But hey, at least the FM is talking about crypto, right? The Hindustan Times says she wants “VDA” to be part of how they define undisclosed income.

Look, I’m not saying it’s going to lower taxes or anything. But at least it means they’re trying to get this whole crypto regulation thing figured out. And CoinDCX CEO Sumit Gupta is over on X (formerly Twitter, in case you missed that memo) saying the fine print will have the *real* tea. Apparently, Indian businesses have 30 days to get their crypto transactions in order, or else.

India Budget 2025: Tax Relief for Everyone…Except Maybe Crypto?

Okay, but seriously, zero income tax up to Rs 12 lakh? That’s huge! Way to go, India. You’re basically the Beyoncé of tax relief right now. 💅

And don’t even get me started on this “Viksit Bharat@2047” thing. Developed nation by 2025? Economic growth rate of 8%? Ambitious much? But hey, dream big, right? Maybe some of that magic will rub off on crypto. ✨

What’s Next for Crypto in India? (Place Your Bets!)

So, the government is definitely keeping an eye on crypto. Maybe all this talk about undisclosed income means they’re actually going to make taxes less scary. 🤞 One can dream, right?

Let’s be real, if India went easy on crypto taxes, the market would explode. 🤑 But until then, we’re stuck with the 30% tax and 1% TDS. Come on, India, throw us a bone here!

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2025-02-01 14:00