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Everything that happened in CBDT Crypto Tax Rules

CBDT Crypto Tax Rules

Finance · 4 reports · 2 sources · Updated 5h ago

The story so far

CBDT Crypto Tax Rules

Tracked across 2 sources · Updated 5h ago

India's CBDT issued guidelines for crypto exchanges under the Income Tax Act, operationalizing the OECD's CARF for automatic tax information exchange. The guidance clarifies compliance for Reporting Crypto-Asset Service Providers without imposing new taxes.

How it unfolded

  1. 7h ago

    Centre tightens crypto rules, industry sees milestone

  2. 1d ago

    CBDT releases crypto compliance guidelines

What happened earlier

Latest updates

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India Tightens Crypto Tax Reporting Rules

in5points

  1. India's Central Board of Direct Taxes issued a notification under the Income Tax Act requiring crypto exchanges to report transactions from April 2024.

  2. The move does not introduce new taxes or regulate crypto assets, focusing instead on reporting compliance.

  3. Industry players see this as a milestone toward broader crypto regulation in India.

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5h ago

Earlier · 20h ago

Full story →

CBDT releases compliance guidelines for crypto exchanges under Income Tax Act

in5points

  1. CBDT released compliance guidelines for crypto exchanges under the Income Tax Act.

  2. The guidelines operationalise India's adoption of the OECD's Crypto-Asset Reporting Framework (CARF).

  3. CARF enables automatic exchange of crypto-related tax information among participating jurisdictions.

20h ago