New Delhi, July 27 -- The Central Board of Direct Taxes (CBDT) has recently issued a guidance note explaining how crypto-asset reporting obligations will work under the Income Tax Act, 2025, bringing India's reporting framework in line with the Organisation for Economic Co-operation and Development's (OECD) Crypto-Asset Reporting Framework (CARF).

The guidance note is meant for Reporting Financial Institutions (RFIs), including crypto-asset service providers, and explains how they should comply with the new reporting requirements.

For investors, however, there is no change in taxation. The existing 30% tax on gains from Virtual Digital Assets (VDAs) and 1% TDS on eligible transactions continue to apply. What changes is how crypto exchan...