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Srinivas L, the CEO of 9Point Capital, has expressed his support for the recent increase in the Tax Collected at Source (TCS) threshold for digital assets under the new tax regime 2025. The threshold has been raised from ₹7 lakh to ₹10 lakh, allowing investors greater flexibility and reduced tax burden when investing in digital assets like cryptocurrencies or other blockchain-based assets.
- TCS Increase: The TCS threshold for digital asset transactions has been increased, meaning investors can now invest up to ₹10 lakh in digital assets without having a higher tax deduction at source.
- Flexibility for Investors: This change provides more freedom for individuals to allocate their funds into the growing market of digital assets while minimizing their tax liability.
- Support from 9Point Capital CEO: Srinivas L from 9Point Capital believes this is a positive step towards making digital asset investments more attractive and accessible for the general public.
- Encouraging Growth: This policy shift is expected to boost investments in digital assets and support the growth of the crypto market in India.
This move is seen as a step forward in the government's efforts to regulate and promote digital asset investments in India.
Also Read: Key Takeaways from Union Budget 2025
