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