🇮🇳 India Tightens Crypto Compliance — Budget 2026 Update
The Govt has proposed stricter reporting rules for crypto transactions under the Income-tax Act, 2025.
🔸 ₹200/day fine for failure to report crypto statements
🔸 ₹50,000 penalty for inaccurate reporting (if uncorrected)
🔸 Effective from April 1, 2026
The move aims to boost transparency, enforce compliance, and strengthen oversight of digital asset activity.
Stay compliant. Stay informed.