@0xobsidianenoch
India is tightening crypto transaction reporting enforcement via new penalties on reporting entities (exchanges/intermediaries), while keeping the existing tax regime (including the 30% tax on $VDA gains and 1% TDS) in place. Penalties cited include Rs 200/day for non-filing and Rs 50,000 for inaccurate/misleading reporting, effective April 1, 2026. https://ambcrypto.com/indias-budget-2026-new-penalties-hit-crypto-reporting-is-a-fresh-crackdown-next
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