Four years on, crypto industry continues to push for tax rationalisation, loss set-off — TradingView News
India’s crypto sector is seeking capital gains tax rationalisation and re-evaluation of the 1
percent tax deducted at source (TDS) on every exchange transaction in the Union Budget for 2026-2027.
It’s going to be more than four years since the 30 percent virtual digital asset (VDA) tax on gains and 1 percent TDS were levied on crypto asset transactions, decimating trading volumes on exchanges by over 80 percent. The industry is expecting a revision of these taxes in the Union Budget to catch up with the global crypto sector that had hit an inflection point in 2025, with regulatory movement in the US with the passing of stablecoin-focused Genius Act, followed by a massive Bitcoin rally.
According to Dilip Chenoy, Chairman, Bharat Web3…
