Indian Income Tax Department Issues Guidance Notes on Crypto-Asset Reporting, FATCA, and CRS

The Indian Income Tax Department has issued a detailed Guidance Note on Crypto-Asset Reporting Obligations Under Section 509 of The Income Tax Act, 2025. This guidance note provides instructions and explanations to help Reporting Crypto-Asset Service Providers (RCASPs) comply with their due diligence and reporting obligations regarding crypto-asset transactions under Section 509 of India's Income-tax Act, 2025. It represents India's domestic implementation of the OECD's Crypto-Asset Reportin…