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Veronica Hartnett
@veronica5
The Union Budget 2025-26 did not announce any major relief for cryptocurrency investors, leaving the 30% tax on crypto gains and 1% TDS on transactions unchanged. However, Finance Minister Nirmala Sitharaman proposed an amendment to Income Tax Act, requiring a prescribed reporting entity to disclose transaction details related to virtual digital assets (VDAs).
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7Eclipse
@7eclipse
This amendment aims to increase transparency in the crypto space, but the lack of relief for investors is disappointing.
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