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Indian Bitcoin Investors Must Track Tighter Crypto Reporting Under Section 509

Indian Bitcoin Investors Must Track Tighter Crypto Reporting Under Section 509
Photo: Tax Guru

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You hold Bitcoin, and the compliance pressure has increased. Exchanges will feed detailed transaction data to tax authorities under rules that took effect in April 2026, and any mismatch with your own records can prompt notices. Keeping accurate cost dates and transfer details now forms part of ordinary portfolio discipline. India’s flat 30 percent tax on virtual digital asset gains and 1 percent TDS have remained unchanged while the information requirements have become operational. Prescribed entities must submit statements on crypto-asset transactions. The data trail on your Bitcoin buys, sells and swaps will therefore be more visible to the Income Tax Department than in previous years.

First reported by Tax Guru. This page is a short excerpt; the full text is theirs.

Read the full story at Tax Guru (opens in a new tab)

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