Budget 2024-25 wishlist: Indian crypto players seek tax cuts to spur trade

Indian crypto players have reiterated their long-standing expectations of slashing tax rates on crypto assets in the upcoming Union Budget.

They have called for expanding the scope of the tax deducted at source (TDS) mandate to include offshore crypto platforms.

Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets.
Budget 2024 will be a vote on account, with many expecting that it will have no major announcements.