Recently, the government of India declared that crypto trading is legal and that taxes will be reduced from 30% to 10%.

Original review summary

The review says India had not explicitly banned cryptocurrencies but had not provided clear guidelines on their legality. It reports that the government introduced a 30% tax on income from digital virtual assets or cryptocurrency in its 2022-23 Budget, and says the claimed legal declaration and tax reduction were unsupported.[S1]