India’s Budget 2026 keeps crypto taxes, TDS unchanged, adds $545 penalty for lapses

India's Budget for the year 2026 has maintained the existing tax structure on cryptocurrencies, keeping the tax rates and the Tax Deducted at Source (TDS) provisions unchanged. Additionally, the budget introduces a new penalty of $545 for individuals or entities that fail to comply with the regulatory requirements pertaining to cryptocurrency transactions. This move aims to ensure consistency in the regulatory framework while reinforcing fiscal responsibilities within the rapidly evolving digital currency landscape. source: https://www.coindesk.com/markets/2026/02/02/india-s-budget-2026-keeps-crypto-taxes-tds-unchanged-adds-usd545-penalty-for-lapses