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CoinDCX CEO Sumit Gupta Urges Crypto Tax Reforms for India Budget 2026

He proposes cutting TDS to 0.01%, shifting crypto taxes to an income slab system, and enabling investor loss set-off in the upcoming Budget 2026.

Summary

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Terms & Concepts
  • TDS: A tax referenced in the proposal, suggested to be cut to 0.01%.
  • income slab system: A proposed approach to apply crypto tax via income slabs.
  • loss set-off: A proposal to allow investors to offset losses.