India adds crypto to tax reporting rules
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- India expanded its tax reporting rules to include crypto assets and central bank digital currencies from 1 April 2027.
- Reporting entities must collect additional information on crypto transactions, ownership and taxpayer identification.
- The changes align India with international crypto reporting standards designed to improve cross-border tax transparency.
India expanded tax reporting rules to cover crypto assets and central bank digital currencies, with the changes starting 1 April 2027.
The rules broaden existing financial reporting requirements by adding digital assets to information collected and shared with tax authorities.
Reporting entities must collect details including transaction values, taxpayer identification and information about people controlling relevant accounts.
The framework covers crypto assets, stablecoins, certain tokenised assets and central bank digital currencies that meet the reporting definitions.
India said the changes will support international information sharing under the Crypto-Asset Reporting Framework and updated Common Reporting Standard.
India already taxes virtual digital asset gains at 30% and applies a 1% tax deducted at source to qualifying transfers.
The new reporting requirements add compliance obligations without changing those existing tax rates or the underlying taxation framework.
