The Union Budget 2026 has proposed clear rules to improve compliance in crypto reporting, with new penalties applying to non-compliance. India's crypto executives are urging Budget 2026 tax reforms, seeking reduced 1% TDS (Tax Deducted at Source) and revised 30% capital gains tax structure that has been impacting trading volumes.
Industry leaders, including those from ZebPay, argue that transaction-level taxes and loss restrictions are draining liquidity as India tries to balance regulation with innovation. The budget discussions highlight the ongoing challenges faced by crypto exchanges in India and their efforts to create a more favorable regulatory environment for digital asset trading.
