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Everything that happened in India Crypto Tax Reporting

India Crypto Tax Reporting

Finance · 8 reports · 4 sources · Updated 8h ago

The story so far

India Crypto Tax Reporting

Tracked across 4 sources · Updated 8h 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

  1. 2d ago

    Industry sees milestone, no new taxes or regulations

  2. 2d ago

    CBDT clarifies crypto reporting, sharpens cross-border oversight

  3. 3d ago

    CBDT releases compliance guidelines for crypto exchanges

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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2d ago

Earlier · 2d 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.

2d ago