Crypto platforms, called RCASPs in the guidance, must now collect KYC data and file annual transaction reports under Form 167.
Previously, verification leaned heavily on what investors declared. Now exchanges independently report the same transactions to the tax department.
From April 1, 2026, exchanges face about Rs 200 per day for late filing and Rs 50,000 for incorrect information — not the individual investor.
Reconcile your own trading records against exchange transaction histories now, before the first RCASP filings go out.
Read More →