In brief
- India’s Finance Minister Nirmala Sitharaman left crypto taxation untouched in her ninth consecutive budget presentation on Sunday.
- The country’s crypto tax regime remains unchanged in Budget 2026, maintaining the punitive 30% flat tax and 1% TDS.
- The budget reduced the maximum imprisonment for TDS defaults from seven years to two years, with courts allowed to convert sentences into monetary penalties.
India’s crypto investors will get no respite from one of the world’s harshest digital asset tax regimes, as Finance Minister Nirmala Sitharaman on Sunday left the punitive 30% tax rate and 1% Tax Deducted at Source (TDS) unchanged in her ninth consecutive Union Budget presentation.
The decision to maintain the status quo on…
Feb 02 2026
