<ul class="wp-block-list"><li>The crypto trading sector is witnessing increased demand in India, and it will be interesting to see if the government will pay attention to the calls for a tax change.</li><li>A number of just 7.14% said that they have no issue with the existing tax rule and it is acceptable.</li><li>Talking about more flexibility, 89.6% of people participating in the survey highlighted that they believe that crypto traders should be permitted to offset losses against gains.&nbsp;</li></ul>An Indian platform for crypto investments, Mudrex has recently conducted a survey before the Union Budget 2025 of India. The survey reveals that the majority of crypto investors want alteration in the tax system.&nbsp;The conclusion indicates a strong demand for alteration in the <a href="https://news.todayq.com/court-orders-tax-evader-to-disclose-secret-codes-of-btc-wallet/" rel="noopener noreferrer nofollow">tax</a> system, with most of the people voting for reduced rates and enhanced flexibility in the taxation system for crypto investments.&nbsp; 85% want alteration in the crypto tax regime&nbsp; The survey also mentions that the most discouraging factor of trading for Indian investors is the 30% tax on gains. Around 67.5% of the respondents quoted this as their primary concern.&nbsp;Also, 7.14% referred to the 1% TDS on transactions as a discouraging event, and at the same time, 5.19% highlighted the issue of high fees accumulated by the exchanges.&nbsp;A question was asked regarding the alteration of the current tax structure, which consists of a 30% tax on crypto gains and around 1% tax on transactions, whether it should be revised in the Union Budget 2025, a total of 85% of respondents agreed that it needs to be cut down.&nbsp;A number of just 7.14% said that they have no issue with the existing tax rule and it is acceptable. Also, 7.79% were not sure about the same.&nbsp;Investors also talked about their preference for tax rates on gains. Around 44% of the respondents believed that the tax rate should be hovering around 0-10%. 32.5% of the respondents said that the tax range should be between 0-20% and 17% said that there should be no tax imposed on crypto gains.&nbsp; The speculation regarding the alteration&nbsp; Talking about more flexibility, 89.6% of people participating in the survey highlighted that they believe that crypto traders should be permitted to offset losses against gains, the same as equity trading. But 10.4% of people were not in favor of this idea.&nbsp;The survey result shows a keen demand for a change in the tax regime on digital assets. As most people were in favor of cutting down the price and more flexibility related to crypto loss and gains, it is speculated that the Union Budget 2025 will look after the matter to address these concerns.&nbsp;The <a href="https://news.todayq.com/more-than-20-of-russians-engage-in-memecoin-trading-survey/" rel="noopener noreferrer nofollow">crypto trading</a> sector is witnessing increased demand in India, and it will be interesting to see if the government will pay attention to the calls for a tax change to be in line with the demand of the investors.&nbsp;

67.5% of people quoted tax on crypto gains as their primary concern

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