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India Imposes Strict Crypto Penalties Starting April 2026

India Imposes Strict Crypto Penalties Starting April 2026

Author:

Global Cryptocurrency

Published:

2026-02-02 11:09:01

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BTCCSquare news:

India's Union Budget 2026–27 introduces stringent penalties for crypto-related reporting failures, marking a shift from lax enforcement to rigorous accountability. Effective April 1, 2026, Section 509 of the Income Tax Act, 2025, mandates daily fines of ₹200 for delayed filings and ₹50,000 for inaccurate disclosures, targeting exchanges, platforms, and even individual investors.

The regulations aim to enforce systemic transparency, compelling all entities involved in digital asset transactions to maintain granular records. The government's message is clear: non-compliance will no longer be tolerated under India's tax framework.

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