A recent survey by the Mudrex platform ahead of India's 2025 budget revealed that most crypto investors want changes in the tax system.
Context of the Survey
The Indian crypto investment platform Mudrex conducted a survey, revealing a significant interest in revisiting the cryptocurrency tax regime.
Issues with Current Tax Regime
The main issue for Indian investors is the 30% tax on gains, mentioned by 67.5% of respondents. Additionally, 7.14% referred to the 1% tax on transactions as unfavorable, and 5.19% pointed to high exchange fees.
Investors' Expectations
About 85% of respondents expressed a desire to revise the current tax structure. Around 44% of investors preferred a tax rate of 0-10%, 32.5% said 0-20%, and 17% believed there should be no tax. Moreover, 89.6% of respondents think that losses should be allowed to offset gains like in equity trading.
The survey showed a strong demand for changes in the tax regime on digital assets. In light of these findings, it's possible that the Indian government may address this in the 2025 budget.
