P2P Loophole: India’s Growing Challenge in Enforcing Crypto Tax Laws
New Delhi: India’s taxation framework for virtual digital assets (VDAs) was introduced to improve transaction transparency and ensure that crypto-related income contributes to the tax base. Section 393(1) of the Income-tax Act, 2025, mandates 1% tax deducted at source (TDS) on consideration paid for the transfer of VDAs, subject to…