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CA Chandan Shahi
Startups | Tax | Acc... • 6m
Finance Bill 2025: Crypto Assets Under Greater Scrutiny! 🚨 The Indian government is tightening regulations on crypto-assets with key amendments in the Finance Bill 2025: 🔹 Expanded Definition of Virtual Digital Assets (VDAs):The definition under Section 2(47A) now explicitly includes all crypto-assets, covering any digital representation of value secured by cryptographic technology or a distributed ledger. 🔹 New Reporting Obligations (Section 285BAA):Banks and financial institutions must report crypto transactions to tax authorities, improving transparency and compliance. 🔹 Alignment with Global Standards India is moving towards the **Crypto-Asset Reporting Framework (CARF), ensuring international tax cooperation for digital assets. 🔹 Effective from April 1, 2026: Crypto traders, investors, and businesses must prepare for these regulatory changes. This marks a significant step in India's evolving crypto regulations! What are your thoughts on these new measures?
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