India Maintains High Crypto Taxes in 2026 Budget
- Tax Framework Unchanged: The 2026 budget maintains the taxation framework for Virtual Digital Assets (VDAs), imposing a flat 30% tax on all crypto transaction gains, which increases the effective tax burden for investors and prevents loss offsetting across different assets, complicating risk management.
- New Compliance Regulations: The budget introduces stricter compliance measures effective April 1, 2026, with entities failing to submit required crypto transaction statements facing a daily penalty of ₹200, while inaccuracies incur a flat fine of ₹50,000 per instance, significantly raising non-compliance costs.
- Negative Industry Reaction: Market participants expressed frustration over the budget's failure to address structural issues affecting domestic liquidity, particularly as the unchanged 1% TDS incentivizes traders to shift activities offshore, where transaction friction is lower.
- Liquidity Concerns Intensified: Industry estimates suggest that over $42 billion in trading volume has moved to foreign exchanges since mid-2022, raising fears among participants that this trend may persist or worsen under the current tax framework, diminishing India's competitiveness as a crypto trading hub.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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