India Budget LIVE: Will the Government Rethink Crypto’s 30% Tax Today?

India Budget 2026: New Data Fuels Calls to Reform India’s Crypto Tax Regime

As
the Union Budget 2026 approaches, India’s crypto industry is calling
for a more outcome-based tax framework, including rationalisation of the
30% capital gains tax, permission to offset losses, and a review of the
1% tax deducted at source (TDS) on crypto transactions. These demands
are supported by India’s Crypto Tax Story 2025, a new report by KoinX,
which analyses anonymised data from nearly 7 lakh Indian crypto users in
FY 2024–25 and shows how current tax rules often diverge from actual
investor outcomes.