Cryptic about crypto? Tell all or face jail term, penalty – The Times of India
The Finance Bill, 2026 tightens the compliance screws on crypto assets, expanding reporting and sharpening penalties from April 1, 2026, while leaving tax rates unchanged. Crypto exchanges, wallet providers and intermediaries must now report transaction details to tax authorities, aligning India with the OECD’s crypto-asset reporting framework. The VDA (virtual digital assets) definition widens to…