在2025年工会预算之前，印度的加密货币行业倡导敦促政府采取实质性改革以促进创新

2024年为印度加密货币社区带来了一系列的起伏。尽管收养加密货币大幅增加，但许多印度投资者面临损失

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.

随着2025年工会预算的临近，印度加密货币和区块链行业的代表呼吁进行重大改革，以促进创新，扩张和全球竞争力。周二，比特币（BTC）收回了100,000美元以上，这是由于中国人工智能初创公司DeepSeek引发的抛售引发的下滑。

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，印度加密货币社区经历了起伏。尽管Crypto采用大幅增长，但在Wazirx加密货币交易所发生重大挫折之后，许多印度投资者面临损失。

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.

加密货币和NFT被归类为虚拟数字资产（VDA），并将第2（47A）节添加到《所得税法》中以定义本学期。 VDA包括所有类型的加密资产，例如NFTS，令牌和加密货币，但不包括礼品卡或代金券。

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，印度的加密货币和NFT仍然不受监管，对资本收益的30％税，并在Source（TDS）扣除了1％的税收。

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.

当从数字资产转移中报告收入时，不允许收购成本以外的扣除额。数字资产损失不能抵消任何其他收入。税收将适用于有天赋的数字资产的接收者。一种虚拟货币的损失不能抵消另一种数字货币收入。

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.

当来自印度的个人在美国市场上投资比特币ETF时，就会出现一个重大的税收问题。眼前的问题是，从出售比特币ETF中获得的资本收益应属于1961年《印度所得税法》第115BBH，50AA或112节的权限。最近的预算2022年推出了115BBH节，该节从销售虚拟数字资产（VDA），包括比特币等加密货币，以征税。

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节：根据第115BBH的销售，从虚拟数字资产的出售中获得的收入将征税，固定税率为30％。虚拟数字资产包括指定的加密货币，NFT和其他数字资产。重要的是要注意，比特币ETF单元可能不会受到VDA的保护，因为投资者不直接投资加密货币。相反，资产管理公司（AMC）可以根据本规则征税。如果在印度未对美国AMC征税的情况下，则没有义务根据第115BBH条缴税。

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，如果将比特币斑点ETF归类为指定的第三类中的VDA，则根据本规定，任何结果的利润都可以征税。必须监视分类的任何更改以确定此规定的适用性。

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节在2023年预算中引入了从特定的共同基金中征税收入，这些基金的总收入不超过其总收益的35％以上，用于国内公司的股票股票。在2024年预算中，该税收提供的覆盖范围扩大了，以涵盖指定的共同基金的收入，这些基金将其总收益占基于债务的证券（例如债务和货币市场工具）投资的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条充当了对长期资本收益征税的全部规定，这些资本资本未解决特定规定。它规定，第111A条所涵盖的资产的短期资本收益（例如上市股票股票）以现行税率征税。

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.

根据现有的所得税立法，根据《所得税法》第112条的规定，长期持有的比特币ETF的利润预计将受到征税。这意味着长期资本收益将以12.5％的税率征税。此外，将根据纳税人的收入范围对短期资本收益征税。

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年的预算中介绍了115BBH节，目的是阻止印度投资者参与比特币和其他加密货币。

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

因此，政府必须在今年的预算中就该规定的正确解释提供清晰度。

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.

具体而言，需要澄清是否应以第112条的税率征税比特币ETF的长期资本收益以12.5％的税率征税，还是应以30％的统一税率征税，类似销售比特币和其他数字货币。

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联合创始人兼首席执行官Avinash Shekhar表示：“对虚拟数字资产的高税收使印度投资者错过了全球加密货币的机会。将税收降低到30％以下，将TDS降低到1％，可能会刺激金融增长，提高合规性，并保留投资者，例如允许设定和损失的转移