The Centre introduced 1 percent TDS on every crypto and VDA transaction with effect from July 1, 2022, following the Budget 2022 announcement
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Moneycontrol07-01-2026, 11:03

Crypto Industry Demands Tax Relief, Clarity for Budget 2026

  • Indian crypto industry seeks tax relief and regulatory clarity for Budget 2026.
  • Calls for reducing 1% TDS to 0.01% to boost domestic trading and compliance.
  • Demands review of 30% flat capital gains tax on VDAs, citing disparity with other assets.
  • Advocates for allowing loss set-offs against crypto gains to ensure fair taxation.
  • Industry leaders emphasize clear VDA policy for investor confidence and market growth.

Why It Matters: Crypto industry urges India's Budget 2026 to ease taxes and provide clear VDA regulations for growth.

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