Pushpendra Singh: Indian crypto traders pay 30% tax and face 1% TDS on every trade

Pushpendra Singh: Indian crypto traders pay 30% tax and face 1% TDS on every trade
Indian crypto traders taxed on trades

Pushpendra Singh, crypto educator and blockchain enthusiast, draws attention to the tax challenges facing Indian crypto traders. According to Singh, these traders are subject to a 30% tax rate, cannot offset losses, and still pay a 1% TDS on every trade.

Singh also raises broader questions around government support, highlighting how salaried professionals pay significant taxes over the years but receive little assistance if they lose their jobs.

Singh has previously commented on major crypto price moves, noting when Bitcoin fell below $60,000 for the first time since October 2024. He also reported on the Reserve Bank of India's decision to sell $12 billion of gold in May 2026 to support the nation's forex reserves. These earlier observations add context to his current focus on the tax challenges faced by Indian crypto traders.

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