Crypto Exchanges to Collect Tax Residency, ID Details of Users Under New CBDT Framework

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 guidance note on crypto reporting in line with OECD framework

Crypto exchanges to report all transactions; experts say accurate crypto reporting to be key as tax authorities will have greater access to transaction-level information.

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 with the OECD's global Crypto Asset Reporting Framework. The Central Board of Direct Taxes issued a detailed compliance framework for reporting. Data sharing with participating jurisdictions begins next financial year.

CBDT issues crypto reporting guidelines for exchanges under Income-tax Act 2025

According to the CBDT, the Crypto-Asset Reporting Framework has been endorsed by the G20 as an important enhancement to international standards for the exchange of tax information

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

CBDT releases new guidelines on crypto tax compliance in India

New Delhi: The Central Board of Direct Taxes (CBDT) has issued a detailed guidance note for Indian crypto platforms and foreign exchanges operating in the country to explain in a simple manner the issues related to reporting taxes and transactions under the provisions of the Income Tax Rules, 2026. The guidance note reiterates that the primary compliance burden falls on Reporting Crypto-Asset Service Providers (RCASPs), not directly on individua…