India Tightens Crypto Tax Reporting Rules for the 2026 Filing Season

India’s 2026 tax filing season will impose stricter compliance requirements on crypto investors, with tighter enforcement and more detailed reporting rules increasing the potential consequences of filing errors. According to Odaily, while the overall tax framework has not changed significantly, implementation and disclosure requirements have been tightened. India will implement the new Income Tax Act (2025) from April 1, 2026, replacing the 1961 law. For the FY2025-26 tax year, crypto assets classified as virtual digital assets (VDAs) will still be reported under the existing framework, but with more granular execution requirements. Under Schedule VDA, investors must report transactions on a per-transaction basis rather than only summarizing net gains. The requirement covers each trade, exchange, and asset disposal record. For users conducting cross-platform transactions, DeFi activity, or transfers across multiple wallets, maintaining complete and consistent data is described as a key challenge. An analysis cited in the report said that failing to fully disclose any crypto exchange or transaction may trigger compliance risk reviews, as authorities increase requirements for data matching and verification against on-chain and exchange records.