India reaffirms 30% crypto tax as new reporting duty takes effect

Verifying
  • India’s Income Tax Department published guidance reaffirming VDA taxation and transaction reporting requirements.
  • 30% tax and 1% TDS remain unchanged, with losses still ineligible for set-off or carry-forward.
  • Section 285BAA requires specified entities to report crypto-asset transactions from 1 April 2026.
The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.