Clarity on tax regulation indicates government’s commitment for total visibility in crypto trading: experts

Experts view this move as a significant step toward curbing illicit transactions and aligning India’s tax standards with global frameworks.

Central Board of Direct Taxes’ (CBDT) guidance note on reporting obligations for crypto exchanges and other intermediaries highlights the government’s resolve for total visibility on such tradings and transactions, as per experts.

While exchanges and crypto platforms described the note as a significant step towards bringing virtual digital asset (VDA) transactions under a more structured tax reporting framework, analysts called it an attempt to curb the illicit transactions in the space.

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