The crypto industry is advocating for a reduction in the Tax Deducted at Source (TDS) from 1% to 0.01% to encourage more investor participation.
Allowing the offsetting of losses against gains to create a more favorable investment environment and align with practices applicable to other asset classes
Establishing clear and supportive regulations for virtual digital assets (VDAs) to ensure a stable and predictable market
Aligning the tax rate for crypto assets with other asset classes to reduce the current 30% tax burden
Encouraging innovation through government initiatives and support for blockchain technology