The story so far
India Crypto Tax Reporting
Tracked across 4 sources · Updated 1d ago
The CBDT issued a guidance note operationalising India's Crypto-Asset Reporting Framework (CARF) under the Income Tax Act. It clarifies compliance for crypto exchanges, emphasises reporting obligations on RCASPs, and enables automatic tax information exchange with other jurisdictions. No new taxes or regulations were introduced.
How it unfolded
3d ago
Industry sees milestone, no new taxes or regulations
3d ago
CBDT clarifies crypto reporting, sharpens cross-border oversight
4d ago
CBDT releases compliance guidelines for crypto exchanges
What happened earlier
Latest updates
Latest
Full story →India adopts OECD crypto reporting framework
India is moving toward adopting the OECD's crypto reporting framework.
The move reflects recognition that digital assets are becoming part of the global financial system.
The framework aims to enable globally coordinated oversight of crypto assets.
India's shift is described as being about global integration, not just compliance.
Earlier · 2d ago
Full story →Centre Tightens Crypto Rules Under Income Tax Act
The Indian government has tightened crypto rules under the Income Tax Act, but no new taxes or regulations for crypto assets were introduced.
Industry players view the guidance as a significant milestone for clarity.
The move does not signal immediate broader crypto policy changes, raising questions about future regulation.
The tightening focuses on tax compliance rather than outright ban or recognition of crypto as legal tender.
Earlier · 2d ago
Full story →CBDT issues operational clarity on crypto reporting, exchanges to collect tax residency details
CBDT issued a detailed guidance note on India's new crypto reporting framework under the Income-tax Rules, 2026.
Crypto exchanges and VDA service providers must collect users' tax residency and Taxpayer Identification Number (TIN).
Entities must maintain transaction records and submit annual reports to the Income Tax Department.
The guidance aligns India's framework with the OECD's Crypto-Asset Reporting Framework (CARF).
No new tax on virtual digital assets was introduced; the guidance provides operational clarity for reporting.
Earlier · 2d ago
Full story →CBDT's new crypto reporting guidance explained: What it means for digital asset investors and taxpayers
CBDT issued a guidance note operationalising India's crypto-asset reporting framework under the Income Tax Act, 2025, aligned with OECD's Crypto-Asset Reporting Framework.
The 30% tax on gains from Virtual Digital Assets and 1% TDS on eligible transactions remain unchanged.
Crypto exchanges will report transaction data to the Income Tax Department annually via Form 167, starting with calendar year 2026 transactions and first filings due in 2027.
Reporting becomes standardised, enabling tax authorities to verify investor disclosures by matching exchange-reported data with income tax returns.
No new ITR form or investor-facing filing requirement is introduced; investors should focus on accurate record-keeping.