Hi Indians be ready to pay tax on crypto in 2026.
Do you have recieve the tax notice ?
India’s tax authorities have issued more than 44,000 notices to crypto traders for failing to declare gains. The Central Board of Direct Taxes (CBDT) disclosed in December 10, 2025 that search and seizure operations uncovered nearly ₹889 crore (about $106M) in undisclosed income linked to digital asset transactions. The crackdown highlights the government’s strict enforcement of its Virtual Digital Asset (VDA) tax regime.
Under current rules, crypto profits in India are subject to a 30% flat tax along with a 1% TDS on transactions. Authorities said the notices target individuals who actively traded but did not report earnings in their income tax returns, reinforcing the government’s stance that digital asset gains must be declared like any other taxable income.