India's Virtual Digital Asset Sector Seeks Regulatory Clarity and Tax Reforms Ahead of Budget 2026

Ahead of Budget 2026, India's virtual digital asset (VDA) sector seeks regulatory clarity and tax reforms to boost investor confidence and market transparency. Industry leaders emphasize the need for a clear, consistent framework, rationalisation of the 1% TDS on crypto transactions, and alignment of tax rates with other asset classes. They also call for uniform enforcement across exchanges, including offshore platforms, to prevent illicit activity and support a compliant, innovation-driven ecosystem.