The Economic Times News

60% gains from cryptocurrency investment in one Indian state as Rs 1,100 crore TDS collected in 3 years

India's Income Tax Department is collecting substantial revenue from cryptocurrency transactions. Over Rs 1,100 crore in tax has been gathered in the last three financial years. Maharashtra alone contributed 60% of this amount. The government has also taken action against crypto exchanges, uncovering over Rs 1,000 crore in undisclosed income related to virtual digital assets.