India Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

FIU, SEBI, RBI, **FCA Register**, **Regulatory Compliance**, **Regulatory Tech**

Risk Level

high

Primary Legislation

[object Object], [object Object], [object Object], [object Object], [object Object], [object Object]

Travel Rule

Adopted — Threshold: $1,000

Tax Reporting

Most punitive crypto tax regime globally: 30% flat tax on crypto income; 1% TDS on all transactions above INR 50,000; NO loss offset allowed. TDS has massively reduced domestic trading volumes.. **Transfers and trading**: Flat 30% on profits.[1][3][5]. Mining, staking, and airdrops are generally treated as VDA income at 30%, but the cost basis for mined crypto may not be zero if the taxpayer can substantiate acquisition costs; expenses like electricity remain non-deductible.. **Gifts**: Taxable at 30% if from non-relatives exceeding ₹50,000; relative gifts exempt.[3]. Non-VDA income (e.g., salary in crypto) may fall under slab rates, but VDA-specific rules dominate.[5]

Key Facts

Data collection in progress. This country's compliance facts are queued for research by our AI worker fleet. Check back soon or access data via MCP.