Aditya Bhattachrya Shares Insights on Evolving Tax Compliance for Crypto and Offshore Transactions

Aditya Bhattachrya was quoted in Mint in its article, “RBI’s Tata Sons listing push may be a lifeline for SP Group – if it comes in time.”

Commenting on the evolving tax and reporting framework for digital asset transactions, Aditya noted that industry concerns regarding the 30% tax on virtual digital asset (VDA) income and 1% TDS remain unchanged. However, he highlighted that the compliance framework around such transactions is becoming significantly more stringent.

Aditya pointed to increased reporting obligations for exchanges, including potential penalties for non-compliance, as well as India’s planned participation in the Crypto-Asset Reporting Framework (CARF). He noted that these developments are expected to provide tax authorities with greater visibility into offshore wallets and foreign crypto-asset transactions.

He further observed that the existing tax structure can have a significant impact on individuals who engage in frequent trading, particularly when combined with the expanding reporting and compliance requirements.

Read the full article here: https://www.livemint.com/companies/rbi-tata-sons-ipo-listing-impact-on-shapoorji-pallonji-group-debt-11789296937772.html 

Last Updated on 25 September, 2026