Crypto advocates propose slab-based tax and lower TDS, Pushpendra Singh notes

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Daria Chernytska

10.07.2026

Crypto advocates propose slab-based tax and lower TDS, Pushpendra Singh notes — Crypto community seeks fairer tax regime

Pushpendra Singh, crypto educator and blockchain enthusiast, calls on the Finance Minister to revise the existing crypto tax policies. He outlines the community's proposal to move from a flat 30% tax and 1% TDS, with no loss setoff or defined cost of acquisition, toward a system with tax slabs, no or minimal TDS, and allowance for loss setoff.

Singh highlights the need for more equitable rules to support the Indian crypto industry.

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India recently sent over 44,000 crypto tax notices and identified $104 million in undisclosed crypto income as government scrutiny intensified, according to previous reporting by Pushpendra Singh. Regulators also ordered crypto exchanges to report over-the-counter trades above $10,000, tightening oversight in the sector, Singh reported earlier. These measures set the stage for ongoing debate over the country’s crypto tax regime.

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