India’s Crypto TDS Collection Hits ₹1,100 Crore

Crypto exchanges in India collected ₹1,100 crore in TDS over three years, with Maharashtra contributing the majority.

Live Market Updates

Latest Financial News

positive
6h ago

India’s Crypto TDS Collection Hits ₹1,100 Crore

India’s Crypto TDS Collection Hits ₹1,100 Crore
India’s crypto exchanges have collected a total of ₹1,100 crore in Tax Deducted at Source (TDS) over the past three years, with nearly 60% of the total collection coming from Maharashtra alone. This indicates robust regional investor participation in the cryptocurrency market, despite challenges posed by evolving regulations. The growing volume of transactions underscores the rising popularity of digital assets among Indian investors, making Maharashtra a key hub in the sector.