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India Tightens Crypto Reporting Rules Under Income Tax Act

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The Indian government has issued new guidance tightening cryptocurrency rules under the Income Tax Act. The move does not introduce fresh taxes or formally regulate crypto assets, but clarifies existing compliance requirements. Industry stakeholders have welcomed the development, calling it a significant milestone for the sector. The guidance signals growing regulatory attention toward the crypto space, prompting speculation about whether broader policy action could follow.

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India Tightens Crypto Reporting Rules Under Income Tax Act · ShortSingh