BREAKING: ๐ฎ๐ณ CoinDCX CEO Sumit Gupta pushes hard for major crypto tax reforms in #Budget2026! ๐ฅ
Key demands to fix the current harsh regime & bring traders back to Indian platforms:
โข Slash TDS from 1% to just 0.01% โ ends capital lock-up, boosts liquidity, stops offshore exodus ๐
โข Shift the flat 30% tax on VDAs to the progressive income tax slab system โ fairer for all investors ๐งฎ
โข Allow loss set-off โ finally let traders offset losses against gains for real protection & better market health ๐
Industry leaders (including voices from WazirX & others) echo this โ current rules are driving billions in volume overseas, hurting revenue & transparency. A balanced reset could mean more compliance, higher long-term collections, and growth for India's Web3 scene!
Will the government listen ahead of Budget 2026? Huge potential shift incoming...
Whatโs your view โ game-changer or wishful thinking? Comment below! ๐ฌ
#CryptoIndia #CryptoTaxReform #Budget2026 #CoinDCX #SumitGupta #VDAs #Web3India