BREAKING: 🇮🇳 CoinDCX CEO Sumit Gupta pushes hard for major crypto tax reforms in #Budget2026! 🔥
Key demands to fix the current harsh regime & bring traders back to Indian platforms:
• Slash TDS from 1% to just 0.01% – ends capital lock-up, boosts liquidity, stops offshore exodus 📉
• Shift the flat 30% tax on VDAs to the progressive income tax slab system – fairer for all investors 🧮
• Allow loss set-off – finally let traders offset losses against gains for real protection & better market health 📊
Industry leaders (including voices from WazirX & others) echo this – current rules are driving billions in volume overseas, hurting revenue & transparency. A balanced reset could mean more compliance, higher long-term collections, and growth for India's Web3 scene!
Will the government listen ahead of Budget 2026? Huge potential shift incoming...
What’s your view – game-changer or wishful thinking? Comment below! 💬
#CryptoIndia #CryptoTaxReform #Budget2026 #CoinDCX #SumitGupta #VDAs #Web3India