Just read this from an article posted on cointelegraph and it looks like Indian exchanges will likely to push the government to bring the necessary tax reforms like 1%TDS and 30% capital gains with no offset loss on the gains is pushing the existing users to go with the offshore exchanges that leads to revenue loss to the government and helping the economies of somewhere.
Any possibility that government even might consider the proposed changes?
The government "should" consider modifying the taxation part on capital gains from crypto but likely won't do it any time soon.
As of now, they are least bothered about the user retention of Indian crypto exchanges.
The industry leaders and Indian crypto exchanges are demanding for lesser taxation and if the government hears them then we can see those updates in the upcoming Union budget in Feb 2026.
Lesser TDS like 0.01% of trade value along with taxation on capital gains like the stocks are our expectations.
The most important and challenging issue for us, setting off losses is the one that all of us desire.
Its highly unlikely that the government will accept all of these together but even if one of them are accepted then it will be considered as a positive sign.
If they don't accept any of them then it will be clear that the government doesn't want Indian citizens to be holding or trading crypto.
