India Adds Crypto Transactions to Its Reporting Regime

If you signed up at an Indian crypto exchange this week and got hit with extra questions about your tax residency and a taxpayer ID, that wasn’t a glitch. It’s the new normal.

India just pulled crypto transactions into a formal reporting net. The compliance people have been waiting for this. Everyone else is about to feel it in onboarding flows and annual statements.

The kicker: from April 1, 2027, India plans to start sharing cross‑border crypto data automatically with other jurisdictions under the OECD’s crypto standard. That changes the privacy calculus for anyone trying to keep trading footprints off the grid.

On July 24, 2026, the Central Board of Direct Taxes (CBDT) dropped a 198‑page Guidance Note spelling out how “Reporting Crypto‑Asset Service Providers” (RCASPs) must capture and report crypto transaction data to the Income Tax Department. It plugs directly into Section 509 of the Income‑tax Act, 2025 and its implementing Rules 241–244, and it introduces a new reporting form: Form 167. That’s the operational backbone exchanges and other platforms will now have to use for annual filings. A2Z Taxcorp LLP; Business Standard.

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