Budget 2026 & crypto taxes: what just happened, and what it means for you 🧵

TDS on foreign crypto exchanges is no longer a maybe problem, it’s a compliance problem. For Indian traders, this changes everything. Especially if you use: • Binance • Bybit • OKX • Decentralized exchanges Here’s what’s actually happening, and why people are panicking 🧵

148A notices are now being issued to crypto investors in India. Many relate to FY 2021–22 transactions. If you traded back then, this thread could save you from a serious tax problem 🧵

It’s so scary that even when a user interacted on an impersonating website and was exposed to fraud, the founders of main brand were arrested and put behind bars for 3 days. Investigating officer should have investigated further before acting. It’s not right for anyone to be put behind bars just like that. It creates mental pressure, family gets concerned, lot of FUD is spread. This is unprecedented. It doesn’t create safe environment for fellow founders who are working day in and day out to create a brand and contribute to India’s growth. This is unacceptable. Someone has to be accountable. This is very disturbing.

Thousands of crypto traders. One room. One hard truth. Our CEO @a__punit took the stage at #TokenIQ by @DeltaExchangeIn x @joinfingrad: "You think you know crypto tax. You don't." Crypto in India is evolving fast. Your tax game needs to keep up. @getkoinx is on it.

Most Indian crypto traders ignore this tax rule. (and it can quietly add penalties😰) If your total tax liability exceeds ₹10,000, the Income Tax Act requires you to pay Advance Tax during the financial year itself. Note: Advance Tax is paid, not filed, against your PAN. Advance Tax payment schedule: 1. 15 June — 15% of total tax 2. 15 September — 45% cumulatively 3. 15 December — 75% cumulatively 4. 15 March — 100% of total tax Since the financial year is ending, the next due date is 15 March. To calculate advance tax, include all income sources: 1. Crypto gains (30%) 2. Salary income 3. FD interest 4. Stock market profits 5. Foreign income Then subtract TDS already deducted. If the remaining tax exceeds ₹10,000 → Advance Tax applies. Know your crypto advance tax in seconds with KoinX!

One of the biggest conversations around crypto in India is happening at TOKENIQ by @joinfingrad. And @a__punit will be on stage talking about the Crypto Tax Landscape in India. 📍 Prestige Centre for Performing Arts 📅 14th March ⏰ 3:00 PM If you're attending TOKENIQ, make sure you're there! The KoinX team will also be around on 14th & 15th, come meet us with questions!

Another country just moved closer to formal crypto taxation. This time it’s Turkey. The proposed framework brings in: 1. 10% withholding tax on crypto gains (collected quarterly) and it applies to individuals, companies, residents, and non-residents 2. 0.03% tax on transaction service providers 3. Users on unlicensed platforms must report their gains 4. This also gives the president the power to adjust the tax rate between 0–20%. If passed, the rules will take effect two months after publication. What do you think about this proposed framework? Let us know in the comments and follow us for more such insights 🙂

The Dutch government plans to amend its controversial proposal to tax unrealised crypto gains at 36%. Under the original law, investors could have owed tax on portfolio value increases, even without selling their assets. The Finance Minister admitted: “something simply went wrong” The proposal is now expected to be revised before moving forward👇 dlnews.com/articles/regulati…

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There’s some confusion around today’s Budget announcement on crypto non-furnishing. So let’s break it down in simple terms.