As India gears up for its Union Budget presentation on February 1, 2026, the crypto industry is ramping up its advocacy for significant tax reforms. Key players in the market are voicing concerns over the current tax regime, which they believe is stifling growth and innovation. The source reports that industry leaders are calling for a more favorable regulatory environment to foster development.
Критика налоговой структуры
Executives from leading cryptocurrency exchanges, such as WazirX and ZebPay, have criticized the existing tax framework that imposes a flat 30% tax on crypto gains, along with a 1% tax deducted at source (TDS) on transactions. They argue that this structure is not only outdated but also misaligned with the rapid evolution of the global digital asset market.
Призыв к пересмотру налоговой политики
The industry stakeholders are calling for a comprehensive reassessment of the tax policies governing cryptocurrencies in India. They believe that a more favorable tax environment could significantly enhance liquidity in the market and encourage innovation, ultimately positioning India as a competitive player in the global crypto landscape. As the budget date approaches, the pressure is mounting on policymakers to consider these reforms.
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