30% Tax Stays: India’s 2026 Budget Targets Exchanges with New Fines

• The Union Budget 2026-27 didn’t reduce or change the existing crypto tax rates.
• No new deductions or ways to write off losses were added, which many traders wanted.
• Finance Bill 2026 imposes much stricter rules on crypto assets and exchanges.

Despite expectations from parts of the Indian crypto ecosystem for tax cuts, the Union Budget 2026-27 didn’t reduce or change the existing crypto tax rates. This means the following tax measures remain unchanged:

• Flat 30% tax still applies to crypto profits.
• 1% Tax Deducted at Source (TDS) mechanism for transactions above set thresholds persists.
• No new deductions or ways to write off losses were added, which many traders wanted.

In short, the government doubled down on enforcing tax rules instead of offering breaks or encouragement.

That being said, the budget’s new Finance Bill for 2026 imposes much stricte…

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