Policy & Ethicscrypto taxtax compliancegovernment policy
India Upholds Crypto Taxes Tightens Reporting Penalties
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India's Union Budget for fiscal 2026-27, announced in Parliament, retains the flat 30% tax on crypto gains and the 1% TDS but introduces stricter compliance penalties effective April 1, 2026. The Finance Bill imposes a ₹200 daily fine for late reporting and a ₹50,000 penalty for inaccurate disclosures, pressuring exchanges and smaller operators to upgrade reporting systems to avoid cumulative liabilities.
Scoring Rationale
Official national budget action raises enforcement stakes and industry impact; limited novelty because core tax rates remain unchanged.
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