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Crypto industry urges Budget relief on VDA losses amid 30% gains tax
Crypto industry voices urged the Union Budget to allow set-off of VDA losses, citing imbalance as gains are taxed at 30% without loss adjustments.
Crypto industry representatives said the Union Budget should address taxation challenges faced by virtual digital asset investors, particularly the inability to offset losses. They noted that while crypto gains are taxed at 30%, losses cannot be set off or carried forward, creating imbalance. Industry players urged rationalisation to improve compliance, encourage participation, and support innovation while maintaining regulatory oversight in India’s evolving digital asset ecosystem.