India Issues New Crypto Reporting Guidelines for Exchanges Under CARF
- India is planning to comply with CARF crypto reporting standards under the Income Tax Act.
- The country mandates crypto exchanges and platforms to report transaction details.
- Nearly 50 countries have already implemented these crypto reporting rules.
The Indian government has taken a major step toward bringing more transparency to the reporting of digital asset transactions. As global countries have already implemented the OECD’s Crypto-Asset Reporting Framework (CARF), India has also introduced new crypto reporting guidelines for exchanges and other platforms. Under the CARF, these platforms are required to report transactions to the Income Tax Department.
It is important to note that the latest crypto reporting guidelines do not include new tax policies. Instead, it is designed to improve tax transparency, in line with the OECD’s CARF. Via this global tax infor…
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