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India To Boost Crypto Tax Surveillance From 1st August 2026

India To Boost Crypto Tax Surveillance From 1st August 2026

Published:
2025-07-25 06:45:02
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BTCCSquare news:

India is tightening its grip on cryptocurrency transactions with new tax surveillance measures set to take effect from April 1, 2026. The Central Board of Direct Taxes (CBDT) will deploy artificial intelligence and digital forensics to track unreported crypto gains and offshore holdings, aligning with OECD's Crypto-Asset Reporting Framework (CARF).

Reported crypto tax revenues surged to ₹437 crore in FY 2023-24, up from ₹269.1 crore the previous year. The move targets tax evasion through anonymous or offshore platforms, signaling India's push for transparency in VIRTUAL digital asset (VDA) markets.

|Square

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