finminindia

🇮🇳 India doesn’t have a crypto problem.
India has a crypto tax problem.

- 30% flat tax.
- No loss set-off.
- 1% TDS on every trade.

This isn’t regulation.
This is capital punishment for innovation.

🧵👇

Crypto is not gambling.
It’s not a scam by default.
It’s technology + capital markets + entrepreneurship.

Yet today, India taxes crypto harsher than stocks, startups, or real estate.

Ask yourself: why?

Because of this tax regime:
-Indian exchanges lost volume
-Traders moved to foreign platforms
-Startups shifted overseas
-Govt lost potential tax revenue

High taxes don’t increase compliance.
They push activity underground.

Countries that reduced crypto tax:
•Got higher compliance
•Attracted Web3 founders
•Created jobs
•Earned more, not less, revenue

Meanwhile, India risks missing the biggest tech wave since the internet.

No one is asking for “zero tax”.
We are asking for fair tax.

✔️ Allow loss set-off
✔️ Reduce punitive flat tax
✔️ Remove excessive TDS friction
✔️ Treat crypto like an asset, not a crime

A rational tax policy can:
•Bring volume back to Indian exchanges
•Create transparent on-chain compliance
•Keep Indian talent in India
•Make India a Web3 leader, not a spectator

Hon’ble #FinMinIndia ,
India’s youth, builders, and investors are ready to comply.

Just don’t tax innovation out of existence.

Reform crypto tax.
Support builders.
Let India lead. 🇮🇳

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#India #IndiaCrypto #NirmalaSitharaman #cryptotax