70% of aggregate of tax and interest payable on additional income disclosed in the updated ITR. 1) Undisclosed crypto profits may incur a tax penalty of up to 70%. This applies to gains not reported within 48 months after the relevant tax assessment year. 2) Entities dealing in crypto-assets are now required to report transactions to income tax authorities under the newly introduced Section 285BAA. This includes exchanges, intermediaries, or any other prescribed entities. 3) India has led the global adoption of cryptocurrencies for the second consecutive year, reflecting a robust interest in digital assets. 4) Approximately 75% of Indian crypto investors are aged between 18 to 35 years, indicating a strong inclination among the younger population.