Indiaโs crypto market keeps growing despite tough tax rules.
Total crypto transactions reached over โน51,000 crore in FY 2024โ25, a 41% rise from the previous year.
The government collected โน511.8 crore in TDS, the highest on record so far.
But the tax system is still heavy.
Crypto profits are taxed at a flat 30%, every transfer attracts 1% TDS, and losses cannot be used to reduce taxes.
Many traders say this makes frequent trading expensive.
As Budget 2026 approaches, industry leaders are asking for clear rules for digital assets, lower or rationalised 1% TDS, and the ability to offset losses against gains.
Will Budget 2026 be the push Indiaโs crypto market needs, or will high taxes and unclear rules keep activity moving
@Cellula Re-poster #dusk $DUSK
