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.
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