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IT dept issues detailed crypto reporting norms, tightening tax oversight without changing levy

Move follows Parliamentary Standing Committee on Finance’s call for a statutory and regulatory framework for VDAs

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thehindubusinessline.com

economictimes.indiatimes.com

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thehindubusinessline.com3 h fa

Clarity on tax regulation indicates government’s commitment for total visibility in crypto trading: experts

India's CBDT mandates crypto exchanges report cross-border transactions via Form 167 under CARF global standards, shifting from 1% TDS. This aligns India with OECD compliance standards, increasing platform costs and signaling government commitment to crypto transaction visibility.

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economictimes.indiatimes.com1 g fa

Crypto exchanges to collect tax residency, ID details of users under new CBDT framework

India adopted OECD's CARF, requiring exchanges to collect tax IDs and residency, filing annual transaction reports to authorities. Platforms must strengthen compliance; automatic cross-border data exchange increases tax visibility and reduces evasion scope.

Timeline cronologica

domenica 26 luglio 2026·thehindubusinessline.com
IT dept issues detailed crypto reporting norms, tightening tax oversight without changing levy
Move follows Parliamentary Standing Committee on Finance’s call for a statutory and regulatory framework for VDAs
domenica 26 luglio 2026·economictimes.indiatimes.com
Crypto exchanges to collect tax residency, ID details of users under new CBDT framework
India now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annually with tax authorities. This aligns…