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Centre Tightens Crypto Rules Under Income Tax Act. Is Broader Policy Next?
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Industry players believe the latest guidance is an important milestone, even though it does not introduce new taxes or regulate crypto
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Centre Tightens Crypto Rules Under Income Tax Act. Is Broader Policy Next?
Industry players believe the latest guidance is an important milestone, even though it does not introduce new taxes or regulate crypto assets.
CBDT Issues Crypto Asset Reporting Guidelines for Exchanges Under Income-tax Act 2025
The Central Board of Direct Taxes (CBDT) has issued a comprehensive guidance note to help crypto-asset service providers comply with the reporting requirements under the Income-tax Act, 2025. The document does not introduce a new tax regime for virtual digital assets but provides clarity on how crypto exchanges and other service providers can report their activities. The guidance note explains reporting obligations for crypto service providers under the Income-tax Act, 2025, in line with the OECD's Crypto-Asset Reporting Framework.
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