India to Implement OECD Crypto Tax Reporting Framework by 2027

India will adopt the OECD's Crypto-Asset Reporting Framework (CARF) by April 2027, marking a significant step toward global tax transparency in digital assets. The move mandates Indian crypto exchanges and service providers to collect and report customer transaction data to local tax authorities, including offshore holdings.

New Delhi plans to sign a Multilateral Competent Authority Agreement (MCAA) in 2026 to legally enforce CARF compliance, separate from existing financial reporting pacts. Legislative updates are already underway to meet the 2027 deadline, according to local media reports.

The framework is expected to bring clarity to India's crypto regulatory landscape, which has struggled with standardization despite high adoption rates. 'This is about accountability, not just taxation,' observes a Mumbai-based blockchain analyst. 'CARF turns exchanges into compliance gatekeepers.'