Crypto Tax Rules in India Trigger Mass Notices to Traders — TradingView News
India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a steep 30% tax on crypto gains, prohibits offsetting losses, and enforces a 1% TDS on every crypto transaction. On the other hand, it hasn’t outright banned digital assets, leaving the sector stuck between regulation and uncertainty.
Mixed Signals From India’s Crypto Policy
India’s crypto industry is divided. While Raj Kapoor, CEO of the India Blockchain Alliance, believes strict rules are better than ambiguity, many crypto players argue for reform. Local exchanges are pushing for:
- Reducing TDS from 1% to 0.01%
- Allowing losses to be offset against gains
However, with rising concerns about tax evasion and cybercrime, authorities are…
