India to Enforce OECD Crypto-Asset Reporting by 2027
India is set to adopt the OECD’s Crypto-Asset Reporting Framework (CARF) by 2027, marking a significant tightening of tax oversight for crypto holdings. Offshore assets held by Indian residents will now fall under stringent reporting requirements, complementing the existing 30% capital gains tax, 1% TDS, and prohibition on loss set-offs. The move aims to close loopholes and enhance transparency in the crypto investments of Indian nationals.