Indian Exchanges Report Higher Volumes After Tax Clarity
Several Indian cryptocurrency exchanges have reported an uptick in trading volumes after clearer guidance emerged around the taxation of virtual digital assets. Platforms attribute part of the change to improved understanding of the existing 30% tax on gains and the 1% tax deducted at source on transactions, which has encouraged some users to return to compliant, domestic venues rather than offshore alternatives. Exchanges are expanding built-in tax-reporting features to help users track transactions and prepare filings more easily. Industry associations continue to engage with policymakers on areas they argue could be refined, including the level of TDS and the treatment of losses. The developments are reported for information only and do not constitute advice to buy, sell, or trade any asset.
Key Takeaways
- Tax clarity is linked to higher domestic exchange volumes.
- Exchanges are adding tax-reporting tools for users.
- Industry continues policy talks on TDS and loss set-off.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Elon Musk’s X Adds One-Tap Trading Links to Stock and Crypto Cashtags
X is turning Cashtags into a more direct bridge between market conversation and trade execution. U.S. users can now move from a stock or crypto ticker on the platform to a participating brokerage or exchange with a single tap. Coinbase, Kraken Join X Cashtags…
KBW2026 Unveils Partner Lineup Featuring Global Digital Asset Leaders
Korea Blockchain Week 2026 with Upbit (KBW2026), Asia’s leading digital asset conference, has unveiled its partner lineup, bringing together major players across exchanges, blockchain infrastructure, stablecoins and institutional digital assets. FACTBLOCK,…
Robinhood engineers face up to 30 years over $50,000 alleged Hyperliquid profits
DOJ says confidential token-listing plans fueled perpetual-futures trades ahead of Robinhood announcements. The post Robinhood engineers face up to 30 years over $50,000 alleged Hyperliquid profits appeared first on CryptoSlate.