India's crypto market saw a significant increase in Tax Deducted at Source (TDS) revenues, reaching 5,118.3 million rupees in FY2025, marking a 41% rise from the previous year. Maharashtra contributed the most with 2,934 million rupees, a 30.63% increase, while Karnataka followed with 1,339.4 million rupees, up 63.4%. The 1% TDS rule under Section 194S remains a key tool for monitoring altcoin trends and overall crypto market activity. Additionally, authorities have taken action against 18 exchanges for Goods and Services Tax (GST) evasion and issued notices to 44,000 investors.
India's Crypto TDS Revenues Surge 41% to 5.12 Billion Rupees in FY2025
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