🚀 India's Crypto Industry Calls for Tax Reforms Ahead of Budget 2026
#India #CryptoIndustry #TaxReforms #Budget2026 #Cryptocurrency #TDS #VDA #OffshoreTrading #RegulatoryFramework #ConsumerProtection #TaxRevenue #Innovation
India's cryptocurrency sector is pushing for tax reforms in anticipation of Budget 2026, aiming to reduce the 1% TDS and reconsider the 30% VDA tax. According to NS3.AI, these measures are intended to address the migration of traders to offshore platforms. Since their introduction in 2022, these taxes have enhanced traceability but have also led to a significant decrease in onshore liquidity and a rise in offshore trading volumes. Industry leaders caution that offshore trading poses risks to consumer protection, tax revenue, and employment. They are urging the government to develop a regulatory framework that balances compliance with innovation.#India #CryptoIndustry #TaxReforms #Budget2026 #Cryptocurrency #TDS #VDA #OffshoreTrading #RegulatoryFramework #ConsumerProtection #TaxRevenue #Innovation
🚀 India's Crypto Tax Policies Drive Trading Offshore
#India #CryptoTax #OffshoreTrading #RegulatoryChanges #CryptoRegulation #TaxPolicy #CryptoIndustry #UnionBudget #DomesticTrading #Innovation #CapitalRetention
India's stringent cryptocurrency tax regulations have resulted in approximately 75% of crypto trading volume moving offshore. According to NS3.AI, this shift has led to a notable decline in the use of domestic platforms. As the 2026 Union Budget approaches, policymakers face increasing pressure to adjust crypto taxes, including reducing the Tax Deducted at Source (TDS) and permitting the offsetting of losses, in order to rejuvenate domestic trading and enhance regulatory oversight. Industry experts and associations are advocating for a balanced tax and regulatory framework to rebuild trust, foster innovation, and retain capital within India.#India #CryptoTax #OffshoreTrading #RegulatoryChanges #CryptoRegulation #TaxPolicy #CryptoIndustry #UnionBudget #DomesticTrading #Innovation #CapitalRetention