![Budget 2024: Crypto investors and exchange owners seek tax cut to revive ailing industry](https://images.assettype.com/fortuneindia%2F2022-05%2Faca0b086-a193-4c06-93df-de0cc075679c%2Fcrypto_getty.jpg?rect=0,81,2520,1260&w=300&q=95)
Budget 2024: Crypto investors and exchange owners seek tax cut to revive ailing industry
The introduction of 1% TDS in 2022 has led to an estimated loss of $420 million in potential government revenue due to migration of Indian crypto traders to overseas platforms.