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Starting from April 1, 2026, India will implement the Income Tax Act (2025), which requires cryptocurrency asset (VDA) investors to declare "transaction by transaction" for the FY2025-26 tax year, covering every transaction, exchange, and asset disposal record. The regulatory authorities have increased their requirements for data matching and on chain/exchange record verification, and have failed to fully declare any transaction triggering compliance risk review. (The Times of India)