India’s strict tax policy (30% Tax + 1% TDS) has forced traders to shift to foreign exchanges.
√ Offshore Boom: Indians generated ₹4.87 Lakh Cr in volume on foreign platforms (an 85% YoY jump).
√ Huge Loss: Since 2022, the government has lost ₹11,000 Cr in TDS and ₹36,000 Cr in capital gains tax.
India ranks #1 in adoption, but 91.5% of the volume is happening offshore. Domestic exchanges are left with only 8.5%.
What changes do you think should be made to crypto tax in the 2026 Budget?
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🚨 INDIA’S CRYPTO TAX: A COSTLY MISTAKE
India’s strict tax policy (30% Tax + 1% TDS) has forced traders to shift to foreign exchanges.
√ Offshore Boom: Indians generated ₹4.87 Lakh Cr in volume on foreign platforms (an 85% YoY jump).
√ Huge Loss: Since 2022, the government has lost ₹11,000 Cr in TDS and ₹36,000 Cr in capital gains tax.
India ranks #1 in adoption, but 91.5% of the volume is happening offshore. Domestic exchanges are left with only 8.5%.
What changes do you think should be made to crypto tax in the 2026 Budget?