The Indian cryptocurrency industry has been in a state of flux since the Supreme Court overturned the Reserve Bank of India’s (RBI) ban on crypto trading in March 2020. Since then, the industry has seen a surge in activity, with many investors and traders looking to capitalize on the potential of the digital asset class. However, one of the major issues that has yet to be resolved is taxation. WazirX, one of India’s leading cryptocurrency exchanges, has recently released a forecast that suggests that crypto taxation in India will continue until at least 2025.

The Indian government has yet to provide any clarity on the taxation of cryptocurrency gains. Currently, there is no specific legislation that governs the taxation of cryptocurrency gains, and the government has yet to provide any guidance on the matter. As such, many investors and traders have been left in a state of confusion as to how their profits should be taxed.

WazirX’s forecast suggests that the Indian government will continue to tax cryptocurrency gains until at least 2025. According to the exchange, the government is likely to introduce a new set of regulations that will provide clarity on how profits from cryptocurrency investments should be taxed. The exchange believes that these regulations will be introduced in the form of an amendment to the existing Income Tax Act.

The forecast also suggests that the government will impose a capital gains tax on cryptocurrency investments. This means that investors will be required to pay taxes on any profits they make from their cryptocurrency investments. The exact rate of taxation is yet to be determined, but it is likely to be similar to the rates applied to other forms of investment such as stocks and bonds.

The forecast from WazirX is an important development for the Indian cryptocurrency industry. It provides much-needed clarity on the taxation of cryptocurrency gains and will help investors and traders plan their investments accordingly. It also serves as a reminder that the Indian government is taking steps to regulate the industry and ensure that investors are protected from any potential risks.

Overall, WazirX’s forecast suggests that crypto taxation in India will continue until at least 2025. This is an important development for the industry and provides much-needed clarity on how profits from cryptocurrency investments should be taxed. It also serves as a reminder that the Indian government is taking steps to regulate the industry and ensure that investors are protected from any potential risks.