Crypto market expects regulatory clarity and tax rationalisation from Budget 2026
As Budget 2026 approaches, the crypto or virtual digital asset sector is looking for long-awaited regulatory clarity to boost investor confidence, along with a rationalisation of the current 1% TDS on crypto transactions.
Current taxation on cryptocurrency
In the Union Budget 2025, the finance minister kept the existing tax rules on virtual digital assets (VDAs) unchanged despite repeated calls from the cryptocurrency industry for reforms noting that the current rules are a hurdle for investors and traders.
Budget 2022 marked the formal recognition of cryptocurrencies as Virtual Digital Assets with a defined tax regime.Also Read | Binance lists 12 themes that will shape crypto market in 2026. Check details
Current taxation on cryptocurrency
The Income Tax Act contains key…
