India’s Crypto Industry Calls for Tax Relief in Upcoming 2026 Budget
Crypto executives in India urge the government to lower the 1% tax deducted at source (TDS) and revise the 30% tax rate to boost onshore liquidity and trading volume.
Summary
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Terms & Concepts
Tax Deducted at Source (TDS): A system where tax is collected at the point of income generation, such as during transactions or payments.
Onshore Liquidity: The availability of tradable assets within a country’s domestic market, as opposed to overseas exchanges.
Crypto Trading: The buying and selling of digital assets like Bitcoin or Ethereum on cryptocurrency exchanges.