India May Revisit Crypto Tax Rules as Cabinet Meeting Sparks Speculation
- —VDA gains are currently taxed at 30%, with an additional 1% TDS on eligible transactions
- —Crypto losses cannot be offset against profits, raising the effective tax burden
- —The 1% TDS hits active traders hardest, deducted on every buy and sell
- —No reform is confirmed; traders await official statements from the Finance Ministry
Why it matters: Lowering the TDS or the 30% tax could bring trading volume back to Indian exchanges and boost retail activity.
Source: Cryptonews.net