India’s Crypto Tax Regime Could Face a Shake-Up: Could Modi Cut the 30% Tax and 1% TDS?

• India still taxes VDA income at 30%, while qualifying transfers face 1% TDS.
• ₹30 lakh in crypto sales can trigger ₹30,000 TDS, even when profit is minimal.
• Offshore platforms handled over 90% of Indian VDA trading in Esya’s measured period.

India’s crypto tax debate has returned after the Bharatiya Janata Party announced new national office-bearers on August 17. The organizational reshuffle has revived discussion about wider economic reforms, although it contained no proposal to change virtual digital asset taxation.

Reports about a possible Modi cabinet reshuffle also remain speculative. Therefore, the current 30% VDA tax and 1% TDS remain firmly in place. Crypto commentator Pushpendra Singh raised possible reforms on X, including lower capital-gains taxes and changes to crypto taxation.

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