India 2026 Budget: Crypto Taxes Remain Unchanged

India's Union Budget for 2026-2027 left the current 30% tax on crypto gains and the 1% withholding tax rates unchanged. This situation disappointed the hopes of sector groups looking for relief.

Instead of changing tax rates, the government proposed new penalties for organizations that fail to accurately report crypto asset transactions starting from April 1, 2026. According to Article 509 of the Income Tax Act, reporting errors will result in a daily fine of ₹200 and a fixed fine of ₹50,000 for incorrect or uncorrected information.

While officials stated that this step aims to strengthen compliance, market participants are highlighting ongoing difficulties for traders.