Bharat Web3 Association Urges India to Reform Crypto Taxes Ahead of 2026 Budget
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- Bharat Web3 Association calls for lower crypto taxes and revised TDS rules
- Industry seeks reliable banking access and regulatory clarity
- Web3 leaders warn current policies are pushing activity offshore
The Bharat Web3 Association has asked the Indian government to reform cryptocurrency taxation ahead of the 2026 Union Budget. The industry group raised concerns about high taxes, limited access to banking, and regulatory uncertainty.
The appeal was made during a pre-budget discussion organized by the Egrow Foundation. Industry leaders warned that existing policies are limiting growth in India’s Web3 sector.
Association Raises Concerns at Pre-Budget Discussion
Since 2022, gains from crypto assets have been taxed at 30%, while a 1% tax is deducted at source for every transaction.
During the consultation, association Chairperson Dilip Chenoy presented the in…
Read The Full Article Bharat Web3 Association Urges India to Reform Crypto Taxes Ahead of 2026 Budget On Coin Edition.
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