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I hate india tax system. 🇮🇳 India to Implement OECD’s Crypto Reporting Rules from 2027 Effective Date: April 1, 2027 Framework: India will adopt the Crypto Asset Reporting Framework (CARF) for global transparency. Who’s Covered: Resident Indians holding or trading crypto abroad. How It Works: Foreign tax authorities (e.g., Dubai) will share crypto transaction data with India. Indians must pay tax in India on crypto earnings. Relief possible under DTAA if tax already paid abroad. Global Tie-up: India to sign the Multilateral Competent Authority Agreement (MCAA) in 2026 for automatic exchange of crypto tax info. Industry Snapshot: Indian crypto transactions ≈ ₹15.15 lakh crore. Users may cross 10.7 crore by 2025. Market is volatile & speculative, with tokens multiplying rapidly. Government Move: Legal & tech systems being readied to curb crypto tax evasion and improve compliance. ⚡ Bottom Line: From 2027, no hiding crypto abroad — India will track, tax, and regulate global crypto holdings of its residents.
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I can't understand. why binance first stop daily check point and then stop service #BinanceWordOfTheDay in our region.
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Get a free crypto token like BANANAS31 and SOLV from Binance learn and Earn. Watch the video and take quiz and earn crypto. #binancelearntoearn .
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