India's top finance committee meets Binance WazirX Zebpay on VDAs
NewsBytes | May 20, 2026 11:39 PM CST
Exchanges decry 30% tax 1% TDS
Committee Chairman Bhartruhari Mahtab pointed out that a lot of money is leaving India for crypto investments, so he called for stronger rules, drawing on examples from places like the US and China.
Crypto exchanges pushed for clearer policies and fairer taxes, saying India's current 30% tax plus 1% TDS on every transaction makes things tough for investors.
The talks also covered protecting users from scams and making sure Indian companies can compete globally.
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