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India Budget 2026 Crypto Tax Debate Intensifies Amid Calls for Regulatory Clarity

India Budget 2026 Crypto Tax Debate Intensifies Amid Calls for Regulatory Clarity

Published:
2026-01-30 15:57:01
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BTCCSquare news:

As India approaches Union Budget 2026, the cryptocurrency industry is vocalizing its demand for regulatory clarity and tax reforms. The current framework, established in Budget 2022, imposes a flat 30% tax on crypto profits and a 1% TDS on transactions—measures critics argue have stifled domestic trading activity and driven users offshore.

Industry leaders are advocating for a revised approach: slashing TDS to 0.01%, implementing income-based tax slabs, and permitting loss offsets. CoinDCX CEO Sumit Gupta frames Budget 2026 as a pivotal opportunity to realign India's crypto policy with global standards. The debate underscores a broader tension between fiscal caution and the sector's growth potential.

|Square

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