The #IndiaCrypto IndianParliament's stance on crypto and trading tax fees is quite clear. The government has imposed a flat 30% tax on gains from cryptocurrency transactions, along with a 1% Tax Deducted at Source (TDS) on transactions. This tax structure has been in place since 2022 and was retained in the 2026 budget. $quq
Tax Rate: 30% flat tax on gains from cryptocurrency transactions
TDS: 1% tax deducted at source on transactions $POL
Penalty: ₹200 per day for delays in filing statements, and a flat ₹50,000 fine for inaccurate reporting $PAXG
Losses: Crypto losses cannot be set off against other income or carried forward to future years #USNFPBlowout
The government has also introduced stricter reporting norms and penalties for non-compliance, indicating a focus on transparency and accountability in the crypto space.#ArlaVEE369X24
