India to maintain current crypto tax framework despite industry pleas

India will maintain its existing cryptocurrency tax framework, rejecting industry calls for tax reductions, Cointelegraph reported. The government has included the current 30% capital gains tax on crypto assets and the 1% tax deducted at source (TDS) on transactions in its budget for the 2026-2027 fiscal year. Additionally, penalties for non-compliance with transaction reporting requirements have been increased. Effective April 1, a daily fine of 200 rupees will be levied for improper reporting, while false declarations will incur a penalty of 50,000 rupees.