Techub News reported that according to CoinDesk, Indian Finance Minister Nirmala Sitharaman said in her 2024-2025 budget speech on Tuesday that the cryptocurrency tax rules would remain unchanged. The main demand of the Indian crypto industry is to reduce the controversial tax deduction (TDS) policy on crypto transactions from 1% to 0.01%. It has made representations to government officials and provided evidence from multiple sources, including a think tank study that provides evidence to support the reduction of TDS. The industry also asked the government to impose a progressive tax on gains instead of a uniform 30% tax rate and allow losses to offset gains.