India's CBDT Issues Guidance on Crypto Tax Reporting Rules

The Central Board of Direct Taxes (CBDT) has issued guidance on crypto tax reporting rules for Indian and foreign platforms operating in the country. The new guidelines clarify that Reporting Crypto-Asset Service Providers (RCASPs) are responsible for reporting taxes, not individual investors.

The guidelines also explain the mechanisms for entities conducting transactions across different jurisdictions, which came into effect following the Union Budget presented in February 2026.

According to the CBDT statement, the guidance note is aimed at simplifying the reporting obligations of Reporting Financial Institutions (RFIs) under the relevant Rules notified by the Government of India.