This hearing was positioned as one of the final milestones before the committee locked in its standalone report on India's crypto framework. No new date has been announced for the Finance Ministry to present.
As regulatory clarity stalls, India's Income Tax authorities cracked down on Rs 104 million (~$12.5M) in undisclosed crypto income on August 24, 2026—the same week as the hearing cancellation.
India's current framework: 30% flat tax on VDA gains plus 4% cess, 1% TDS on transactions, and mandatory reporting of every trade starting April 1, 2026. Enforcement is aggressive and penalties for non-compliance are escalating.
The takeaway for India's 4 million retail crypto investors: high-level regulation remains in limbo, but the tax regime is crystal clear and strictly enforced. Expect the 30% rate to persist until Parliament acts again.
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