India's Crypto-Asset Reporting Framework: Starting April 1, 2027, India will implement the Crypto-Asset Reporting Framework (CARF) to ensure that Indian residents' offshore cryptocurrency holdings are reported for tax purposes, with preparations already underway.
Reporting Obligations and Global Cooperation: Under CARF, crypto exchanges and related platforms will be required to report various transactions, and India will sign the Multilateral Competent Authority Agreement (MCAA) to facilitate the automatic exchange of tax information regarding these assets.
