India, April 20 -- 2. What are "relevant crypto-assets"?

The rules propose to define "relevant crypto-assets broadly to include:

The exact scope remains subject to final rulemaking and clarification.

3. Will my crypto transactions be reported to tax authorities?

Dilip Chenoy, Chairperson - Bharat Web3 Association says, "Yes, under the new framework, crypto transactions will be systematically reported to tax authorities by exchanges and wallet providers. This goes beyond simple buy and sell activity to include crypto-to-crypto trades and even transfers to self-custody wallets, ensuring there are minimal blind spots in reporting. From an industry perspective, this marks a shift toward full-spectrum visibility of digital asset activity, ...