India's Crypto and Stock Taxes Face Criticism

India's cryptocurrency industry and stock market participants are asking the government to change the tax rules before the Union Budget 2026.

They say the current rules, which include a 30% tax on crypto profits and a 1% tax on every transaction, are not fair and cause problems.

For example, people have to pay taxes even when they lose money, and a lot of money is taken out of their accounts before they even make a profit.

The industry wants the government to reduce the transaction tax and allow people to use their losses to offset gains.

Additionally, Zerodha's co-founder Nithin Kamath has pointed out that repeated increases in the Securities Transaction Tax (STT) on stock trades are hurting trading activity and reducing government revenue.

He believes that the recent 60% increase in STT on futures and options has led to lower trading volumes and that the government would have collected more tax without the hike.