Exchanges will push for tax reforms ahead of budget!

[Bitcoin Smith]

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?

[pawanjain]

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.

[Bitcoin Smith]

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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.

Not necessarily, it is probably due to the influence of RBI who is behind all these thing and mislead the leaders in every possible way to eradicate crypto users out of the country, still we got positive sign for the crypto in our country despite heavy restrictions so all we need is someone who is educated and understand the potential revenue to the government if they make it in the right taxation bracket.

[JSRAW]

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?

Exchange also advocated for 0.1% TDS to government when they brought this 1% tds rule but government wasn't in mood to entertain anything so hard to say. Flat 30% capital gain is ridiculous, even gov knows this but it only suggest that they're hawkish and just tolerating while making some money in taxes.

Dar ish baat ka hai ki inn logo ko kuch naya idea na mil jaye offshore users ko unnecessary harass karne ka.

[pawanjain]

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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.

Not necessarily, it is probably due to the influence of RBI who is behind all these thing and mislead the leaders in every possible way to eradicate crypto users out of the country, still we got positive sign for the crypto in our country despite heavy restrictions so all we need is someone who is educated and understand the potential revenue to the government if they make it in the right taxation bracket.

Even if RBI has mislead the government, seeing the growth in crypto users in India and its positive demand the government should do something about it.
I mean they have their own minds right and so they should be considering what people actually want instead of following what the RBI wants.
Speaking of an educated politician I see Raghav Chadda making some interesting points in the parliament discussions.
Although I am not actively following politics but got to know his points which kind of relate to the common man. What do you think ?

[Bitcoin Smith]

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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.

Not necessarily, it is probably due to the influence of RBI who is behind all these thing and mislead the leaders in every possible way to eradicate crypto users out of the country, still we got positive sign for the crypto in our country despite heavy restrictions so all we need is someone who is educated and understand the potential revenue to the government if they make it in the right taxation bracket.

Even if RBI has mislead the government, seeing the growth in crypto users in India and its positive demand the government should do something about it.
I mean they have their own minds right and so they should be considering what people actually want instead of following what the RBI wants.
Speaking of an educated politician I see Raghav Chadda making some interesting points in the parliament discussions.
Although I am not actively following politics but got to know his points which kind of relate to the common man. What do you think ?

I do believe that even few members who can make sense will make a huge difference and need someone who represent the crypto as well as need to understand how crypto works and also the geopolitcs. But with the current minisry I don't think we are moving anything better but making small changes like allowing the loss to claim will be helpful.

[TheUltraElite]

Exchanges in India themselves are already poor from a lot of factors and dont seem to have that much power at the moment to raise a voice.

If they are pushing for tax reforms, the government will not listen, because the governments sole earning is through taxation maximally and that is one thing they will never reduce, only increase.

But what I feel will eventually happen is that crypto users in India will start protesting or Western countries will pose something of a middle ground to make sure crypto users there are appeased and that will get followed here as well.

[vivekdhyani1]

There is no way Goverment is reducing taxes atleast not untill they think doing something postive for crypto users brings them votes ...for them crypto users are same like stocks investors & their beloved shosit - Vanchit class doesn't indulge in both of these things so no point of doing anything good.

Nirmala tai nhi manegi  !! 

[pawanjain]

There is no way Goverment is reducing taxes atleast not untill they think doing something postive for crypto users brings them votes ...for them crypto users are same like stocks investors & their beloved shosit - Vanchit class doesn't indulge in both of these things so no point of doing anything good.

Nirmala tai nhi manegi  !! 

Who knows until when Nirmala exists. Everything has an end and so will the high taxation on crypto income. Its just about time.
I personally think India will follow the lead of other countries in this regard and as many other countries start accepting crypto India will follow the same.
Recently I heard that Thailand has officially implemented 0 tax on capital gains from crypto. Now that is something we really wished we had.

[LucyFurr]

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Recently I heard that Thailand has officially implemented 0 tax on capital gains from crypto. Now that is something we really wished we had.

Are you sure, if it was for real then we might had threads about this in the bitcoin board but I haven't seen any.

But 0% is actually a great strategy to bring more money into the economy because 0% tax isn't necessarily 0% tax but it brings domino effect that generates revenue elsewhere for the government but honestly I don't expect that kind of generosity from our leaders even if it's just same as stocks and allow income tax bracket for tax exemption and then the offset for loss is more than what we need.

[pawanjain]

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Recently I heard that Thailand has officially implemented 0 tax on capital gains from crypto. Now that is something we really wished we had.

Are you sure, if it was for real then we might had threads about this in the bitcoin board but I haven't seen any.

But 0% is actually a great strategy to bring more money into the economy because 0% tax isn't necessarily 0% tax but it brings domino effect that generates revenue elsewhere for the government but honestly I don't expect that kind of generosity from our leaders even if it's just same as stocks and allow income tax bracket for tax exemption and then the offset for loss is more than what we need.

Yes, it is official. You can just Google it and get various results on the same.
The 0% tax is basically a tax exemption on crypto capital gains for individuals and not for companies.
Also, this is currently set for 5 year period starting from Jan 1 2025 to Dec 31 2029.

Sources:
https://bitcoinmagazine.com/news/thailand-approves-five-year-bitcoin-and-crypto-tax-break
https://www.thaimbc.com/2025/11/12/capital-gains-from-crypto-now-tax-exempt-in-thailand/

[TheUltraElite]

Good for Thai people who are regularly spending and saving crypto. I hope one day the policy makers in India are able to see clearly where neighboring countries are excelling and we are still stuck in the past.

I guess the tourism industry being the biggest in Thai, a lot of foreign people coming there have bitcoin at hand but less places to spend, so the government is being pro-active in this sector.

[pawanjain]

Good for Thai people who are regularly spending and saving crypto. I hope one day the policy makers in India are able to see clearly where neighboring countries are excelling and we are still stuck in the past.

I guess the tourism industry being the biggest in Thai, a lot of foreign people coming there have bitcoin at hand but less places to spend, so the government is being pro-active in this sector.

I don't think the Thailand government has approved bitcoin as a payment method yet.
They have only exempted the crypto capital gains which is still a great thing I believe.
I can confirm that bitcoin is not being accepted as payment there at least legally because I recently went there and I didn't see any shops having a bitcoin payment or any logo for display.
The only place where I saw a bitcoin logo was a local exchange. Yes, they had a physical exchange shop with a bitcoin logo.
Sadly, I couldn't visit that place as I was in transit.

[TheUltraElite]

I don't think the Thailand government has approved bitcoin as a payment method yet.
They have only exempted the crypto capital gains which is still a great thing I believe.

My bad, I see now that this is only for capital gains. The news will also bring in new interest into bitcoin and eventually people there will be buying it because it is the only way they can generate capital gains and reap the tax benefits.

I can confirm that bitcoin is not being accepted as payment there at least legally because I recently went there and I didn't see any shops having a bitcoin payment or any logo for display.

Oh I never visited there but maybe in future they will depending on this news, it might sprout something bigger.

The Philippines on the other hand has a lot of bitcoin users as is evident from casinos which carry a lot of PH crowd.

[Rahulkirford]

Good for Thai people who are regularly spending and saving crypto. I hope one day the policy makers in India are able to see clearly where neighboring countries are excelling and we are still stuck in the past.

I guess the tourism industry being the biggest in Thai, a lot of foreign people coming there have bitcoin at hand but less places to spend, so the government is being pro-active in this sector.

I think the reason why our  leaders won't want accept bitcoin is because they won't have the power to control and profit from it.  Most people who we call leaders are very corrupt, they only care about their pockets.  Legalising bitcoin will help alot of people in terms of savings, more tech startup grows, self custodial of money, and base on our population alone, demand for bitcoin will be higher. .  As we know that the local currency often devalue most times so bitcoin can be a safe guard ( yes it still has its own risk).

[Vihaanraviii]

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?

It’s a valid concern — the current 1% TDS + 30% flat tax with no loss offset clearly distorts incentives and pushes liquidity offshore, which is bad policy-wise. If volumes keep migrating and tax revenue actually drops, the government might reconsider, but realistically it’ll depend more on revenue data and lobbying pressure than on user complaints alone.

In short: possible, yes — but don’t expect a fast turnaround.

[Bitcoin Smith]

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In short: possible, yes — but don’t expect a fast turnaround.

This is something that is happening for a very long time and also government started to realise that when RBI impsed blanket ban on crypto transactions yet they have to make any changes that is in the favour of the users. And also I am not expecting anyting to change as long as current FM is in power, need someone who got actualy finance knowledge to understand what is really needed.

[Vihaanraviii]

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In short: possible, yes — but don’t expect a fast turnaround.

This is something that is happening for a very long time and also government started to realise that when RBI impsed blanket ban on crypto transactions yet they have to make any changes that is in the favour of the users. And also I am not expecting anyting to change as long as current FM is in power, need someone who got actualy finance knowledge to understand what is really needed.

Yeah, that’s a fair take — policy inertia in India is real, and crypto usually isn’t a priority unless it directly hits macro numbers. RBI already saw that bans don’t kill usage, they just push it underground or offshore, but tax policy seems stuck in a “discourage first, think later” mode. Until there’s clear data showing net revenue loss and sustained pressure from industry players, I wouldn’t bet on meaningful reform either.