๐ฎ๐ณ India's Crypto Tax 2026: The 30% Reality Check ๐
Hey Binance Square family! โ Let's talk about the latest updates from India. Despite ongoing calls for reform from the community, the Indian government has maintained its strict 30% tax on all crypto income in the 2026 budget. โ๏ธ
This flat tax applies to any gains, with no deductions allowed except for the initial cost of acquisition. Additionally, the 1% TDS (Tax Deducted at Source) remains on every transaction, significantly impacting day-to-day liquidity. ๐
Because of these high costs, weโre seeing a continued trend of trading volume shifting from domestic platforms to international exchanges. ๐ While India remains a global leader in adoption, navigating this high-tax landscape requires extra diligence and smart planning. Stay informed, stay compliant, and keep building! ๐ง ๐