India's Crypto Tax Scene: The 2025 Reality 🇮🇳💰

India still hits crypto gains with that brutal 30% flat tax 🚀. Tough. Really tough. It doesn't matter if you've held for days or years—the tax stays the same.

Then there's this thing called TDS. The 1% TDS requirement looms over every significant trade 📊. Kicks in after ₹50,000 in a year. Sometimes even ₹10,000. Covers pretty much everything—rupee purchases, trading, even person-to-person transfers.

The loss offset ban? Kind of savage. Lost ₹50,000 on ETH but made ₹100,000 on BTC? Too bad. You're still paying full tax on those BTC gains. No breaks.

India's tax net is wide. Surprisingly wide.

Gifts and airdrops get caught. Non-relative gifts over ₹50,000 face slab rates. Airdrops? Straight 30% 🎁.

Mining and staking rewards don't escape either. Taxed at 30% with zero cost basis 🔨.

And get this—you can't even deduct electricity costs for mining. Seems a bit unfair, right? 🔥

It's late 2025 now. Indian traders swim against this tax current daily. The market evolves, but these burdens stick around. High rates. No offset for losses. It's not exactly welcoming for crypto folks in the world's biggest democracy 🌕.

Tax software isn't just nice to have anymore. It's pretty much essential for anyone serious about crypto in India's growing but complicated digital playground.