India's digital asset taxation is maturing. For FY 2025-26, the core 30% tax and 1% TDS on VDAs remain, but expect a wider definition of VDAs and mandatory reporting by exchanges. This blog details current rules and what enhanced compliance means for crypto and other new-age investors.

The Indian Income Tax Act includes specific provisions for different types of income, notably Sections 115BBE and 115BB. Section 115BBE targets unexplained income and aims to curb tax evasion by imposing a higher tax rate, while Section 115BB deals with winnings from lotteries, game shows, and similar sources. This blog provides a detailed comparison of these sections, highlighting their objectives, applicability, tax rates, and the consequences for taxpayers. Understanding these sections is crucial for ensuring compliance and avoiding penalties.