Archive · 27 Jul 2026
CBDT Issues Crypto Reporting Guidelines for Exchanges
The Central Board of Direct Taxes (CBDT) in India has issued guidelines to help crypto exchanges and service providers report transactions under the Income-tax Act, 2025.
These guidelines do not introduce new taxes but clarify how to report crypto transactions according to existing laws.
The guidelines are part of India's adoption of the OECD's Crypto-Asset Reporting Framework (CARF), which helps countries share tax information about crypto-assets.
The CBDT defines a crypto-asset as a digital representation of value that uses secure technology.
Not all crypto-assets need to be reported; only 'relevant crypto-assets' are subject to reporting.
Certain types of crypto-assets, like Central Bank Digital Currencies (CBDCs), are excluded.
Crypto service providers must identify and report users who are tax residents outside India and transactions over $50,000.
The goal is to prevent tax evasion and protect India's revenue.
CBDT issued guidelines for crypto-asset reporting under the Income-tax Act, 2025.
Guidelines clarify reporting requirements for crypto exchanges and service providers.
India adopts OECD's Crypto-Asset Reporting Framework (CARF) for automatic tax information exchange.
Crypto-asset defined as a digital representation of value using secure technology.
Only 'relevant crypto-assets' are subject to reporting, excluding CBDCs and non-investment assets.
- Who
- Central Board of Direct Taxes (CBDT)
- What
- Issued guidelines for crypto-asset reporting
- When
- Under the Income-tax Act, 2025
- Where
- India
- Why
- To comply with OECD's Crypto-Asset Reporting Framework (CARF) and prevent tax evasion
Pro-Crypto Stance
Regulatory Compliance
Tax Evasion Prevention
Pro-Crypto Stance
Crypto assets should remain decentralized and free from excessive regulation to foster innovation.
Regulatory Compliance
Strict reporting requirements are necessary to prevent tax evasion and protect national revenue.
- Issuing Authority
- Central Board of Direct Taxes (CBDT)
- Legislation
- Income-tax Act, 2025
- Framework
- OECD's Crypto-Asset Reporting Framework (CARF)
- Definition of Crypto-Asset
- Digital representation of value using cryptographically secured distributed ledger technology
- Reportable Transaction Threshold
- $50,000
- Excluded Categories
- Central Bank Digital Currencies (CBDCs), specified electronic money products, and non-investment crypto-assets
Sources
Crypto Tax Reporting Rules: What Exchanges, Investors Need to Know
CBDT issues crypto reporting guidelines for exchanges under Income-tax Act 2025
CBDT’s crypto reporting norms seen increasing transparency
CBDT's new crypto reporting guidance explained: What it means for digital asset investors and taxpayers
India Mandates Crypto Platforms Report Transactions Under OECD Framework
CBDT issues crypto tax reporting guidelines for exchanges under Income Tax Rules 2026 - Telegraph India
Tax dept puts out guidance note on crypto asset reporting aligned with OECD framework: What this means
