Is crypto considered an asset in India?

Is Crypto Considered an Asset in India?

For tax purposes, cryptocurrency is treated as a "virtual digital asset" (VDA). It is not legal tender (you cannot discharge debt with it by law). It is an asset that can be bought, sold, and exchanged. Gains from transfer are taxed at 30%. So yes, it is considered an asset, with specific tax and possibly future regulatory treatment. Do not assume it has the same status as gold, shares, or real estate in every context; check current law.