在2025年工會預算之前，印度的加密貨幣行業倡導敦促政府採取實質性改革以促進創新

2024年為印度加密貨幣社區帶來了一系列的起伏。儘管收養加密貨幣大幅增加，但許多印度投資者面臨損失

As the Union Budget 2025 approaches, representatives from India's cryptocurrency and blockchain industries are calling for significant reforms to foster innovation, expansion, and global competitiveness. On Tuesday, Bitcoin (BTC) recovered above $100,000, following a downturn triggered by the selloff initiated by Chinese AI startup DeepSeek.

隨著2025年工會預算的臨近，印度加密貨幣和區塊鏈行業的代表呼籲進行重大改革，以促進創新，擴張和全球競爭力。週二，比特幣（BTC）收回了100,000美元以上，這是由於中國人工智能初創公司DeepSeek引發的拋售引發的下滑。

In 2024, the Indian crypto community experienced both ups and downs. While crypto adoption saw a substantial increase, many Indian investors faced losses following a major setback at the WazirX cryptocurrency exchange.

2024年，印度加密貨幣社區經歷了起伏。儘管Crypto採用大幅增長，但在Wazirx加密貨幣交易所發生重大挫折之後，許多印度投資者面臨損失。

Cryptocurrencies and NFTs are classified as Virtual Digital Assets (VDAs), and Section 2(47A) was added to the Income Tax Act to define this term. VDAs include all types of crypto assets, such as NFTs, tokens, and cryptocurrencies, but they do not include gift cards or vouchers.

加密貨幣和NFT被歸類為虛擬數字資產（VDA），並將第2（47A）節添加到《所得稅法》中以定義本學期。 VDA包括所有類型的加密資產，例如NFTS，令牌和加密貨幣，但不包括禮品卡或代金券。

Currently, cryptocurrencies and NFTs in India remain unregulated, with a high 30% tax on capital gains and an additional 1% tax deducted at source (TDS).

目前，印度的加密貨幣和NFT仍然不受監管，對資本收益的30％稅，並在Source（TDS）扣除了1％的稅收。

When reporting income from the transfer of digital assets, deductions other than the cost of acquisition are not permitted. Losses from digital assets cannot be offset against any other income. Tax will be applicable to receivers of gifted digital assets. Losses from one virtual currency cannot be offset against income from another digital currency.

當從數字資產轉移中報告收入時，不允許收購成本以外的扣除額。數字資產損失不能抵消任何其他收入。稅收將適用於有天賦的數字資產的接收者。一種虛擬貨幣的損失不能抵消另一種數字貨幣收入。

When an individual from India invests in Bitcoin ETFs in the US market, a significant tax question arises. The issue at hand is whether the capital gains obtained from the sale of Bitcoin ETFs should fall under the purview of Sections 115BBH, 50AA, or 112 of the Indian Income Tax Act, 1961. The recent Budget 2022 introduced Section 115BBH, which subjects profits from the sale of Virtual Digital Assets (VDA), including cryptocurrencies like Bitcoin, to taxation.

當來自印度的個人在美國市場上投資比特幣ETF時，就會出現一個重大的稅收問題。眼前的問題是，從出售比特幣ETF中獲得的資本收益應屬於1961年《印度所得稅法》第115BBH，50AA或112節的權限。最近的預算2022年推出了115BBH節，該節從銷售虛擬數字資產（VDA），包括比特幣等加密貨幣，以徵稅。

Section 115BBH: Income received from the sale of virtual digital assets is subject to taxation as per Section 115BBH, with a fixed tax rate of 30%. A virtual digital asset encompasses cryptocurrencies, NFTs, and other digital assets as specified. It is important to note that Bitcoin ETF units may not fall under the protection of VDA as investors do not directly invest in the cryptocurrency. Instead, Asset Management Companies (AMCs) may be subjected to taxation under this rule. In cases where USA AMCs are not taxed in India, investors are not obligated to pay tax under Section 115BBH.

第115BBH節：根據第115BBH的銷售，從虛擬數字資產的出售中獲得的收入將徵稅，固定稅率為30％。虛擬數字資產包括指定的加密貨幣，NFT和其他數字資產。重要的是要注意，比特幣ETF單元可能不會受到VDA的保護，因為投資者不直接投資加密貨幣。相反，資產管理公司（AMC）可以根據本規則徵稅。如果在印度未對美國AMC徵稅的情況下，則沒有義務根據第115BBH條繳稅。

However, if Bitcoin Spot ETF is categorized as a VDA in the specified third category, any resulting profits may be taxed under this provision. It is essential to monitor any changes in classification to determine the applicability of this provision.

但是，如果將比特幣斑點ETF歸類為指定的第三類中的VDA，則根據本規定，任何結果的利潤都可以徵稅。必須監視分類的任何更改以確定此規定的適用性。

Furthermore, Section 50AA was introduced in the Budget 2023 to tax income from specific mutual funds that do not allocate more than 35% of their total proceeds towards equity shares of domestic companies. The coverage of this tax provision was broadened in the Budget 2024 to encompass income from designated mutual funds that invest over 65% of their total proceeds in debt-based securities, such as debt and money market instruments.

此外，第50AA節在2023年預算中引入了從特定的共同基金中徵稅收入，這些基金的總收入不超過其總收益的35％以上，用於國內公司的股票股票。在2024年預算中，該稅收提供的覆蓋範圍擴大了，以涵蓋指定的共同基金的收入，這些基金將其總收益占基於債務的證券（例如債務和貨幣市場工具）投資的65％以上。

Section 112 acts as a catch-all provision for the taxation of long-term capital gains on capital assets not addressed by specific provisions. It stipulates that short-term capital gains on assets not covered by Section 111A, such as listed equity shares, are subject to taxation at the prevailing tax rate.

第112條充當了對長期資本收益徵稅的全部規定，這些資本資本未解決特定規定。它規定，第111A條所涵蓋的資產的短期資本收益（例如上市股票股票）以現行稅率徵稅。

According to existing income tax legislation, profits from the sale of Bitcoin ETFs held for the long term are expected to be subject to taxation under Section 112 of the Income Tax Act. This means that long-term capital gains would be taxed at a rate of 12.5%. Additionally, short-term capital gains will be taxed based on the taxpayer's income bracket.

根據現有的所得稅立法，根據《所得稅法》第112條的規定，長期持有的比特幣ETF的利潤預計將受到徵稅。這意味著長期資本收益將以12.5％的稅率徵稅。此外，將根據納稅人的收入範圍對短期資本收益徵稅。

The government introduced Section 115BBH in the Budget of 2022 with the aim of discouraging Indian investors from participating in Bitcoin and other cryptocurrencies.

政府在2022年的預算中介紹了115BBH節，目的是阻止印度投資者參與比特幣和其他加密貨幣。

Therefore, it is essential for the government to provide clarity in this year's Budget regarding the correct interpretation of the provision.

因此，政府必須在今年的預算中就該規定的正確解釋提供清晰度。

Specifically, clarification is needed on whether long-term capital gains on Bitcoin ETFs should indeed be taxed under Section 112 at a reduced rate of 12.5%, or if the gains should be taxed at a flat rate of 30%, similar to gains from the sale of bitcoins and other digital currencies.

具體而言，需要澄清是否應以第112條的稅率徵稅比特幣ETF的長期資本收益以12.5％的稅率徵稅，還是應以30％的統一稅率徵稅，類似銷售比特幣和其他數字貨幣。

Avinash Shekhar, Co-Founder & CEO, Pi42, stated, "High taxation on virtual digital assets is causing Indian investors to miss out on global crypto opportunities. Lowering taxes below 30% and reducing TDS from 1% to 0.01% could stimulate financial growth, boost compliance, and retain investors. Reforms like allowing the set-off and carry-forward of losses are essential to level

PI42聯合創始人兼首席執行官Avinash Shekhar表示：“對虛擬數字資產的高稅收使印度投資者錯過了全球加密貨幣的機會。將稅收降低到30％以下，將TDS降低到1％，可能會刺激金融增長，提高合規性，並保留投資者，例如允許設定和損失的轉移