{"id":38009,"date":"2026-02-03T07:26:21","date_gmt":"2026-02-03T07:26:21","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=38009"},"modified":"2026-02-03T07:26:22","modified_gmt":"2026-02-03T07:26:22","slug":"union-budget-2026-introduces-crypto-reporting-measures","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/union-budget-2026-introduces-crypto-reporting-measures","title":{"rendered":"Union Budget 2026 Introduces Crypto Reporting Measures"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/union-budget-2026-introduces-crypto-reporting-measures\/#Proposed_Penalty_Framework_for_Crypto_Reporting\" title=\"Proposed Penalty Framework for Crypto Reporting\">Proposed Penalty Framework for Crypto Reporting<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/union-budget-2026-introduces-crypto-reporting-measures\/#When_Do_Penalties_Apply\" title=\"When Do Penalties Apply?\">When Do Penalties Apply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/union-budget-2026-introduces-crypto-reporting-measures\/#Effective_Date\" title=\"Effective Date\">Effective Date<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/union-budget-2026-introduces-crypto-reporting-measures\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The Union Budget 2026 has proposed clear rules to improve compliance in crypto reporting. New penalties will apply to reporting entities, such as exchanges, if they fail to furnish crypto transaction statements or provide inaccurate information. From what is understood, these measures aim to ensure transparency and adherence to the Income-tax Act.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/family-offices-increasing-crypto-allocations-in-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Family Offices Increasing Crypto Allocations in 2026<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Proposed_Penalty_Framework_for_Crypto_Reporting\"><\/span><strong>Proposed Penalty Framework for Crypto Reporting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under the Budget proposal:<\/p>\n\n\n\n<ul>\n<li>Non-furnishing of crypto transaction statements will attract a penalty of Rs. 200 per day.<\/li>\n\n\n\n<li>Furnishing inaccurate information, or failing to correct it, will attract a flat penalty of Rs. 50,000.<\/li>\n<\/ul>\n\n\n\n<p>These penalties relate to Section 509 of the Income-tax Act, which mandates the submission of accurate crypto transaction statements, and Section 446, which is proposed to be amended to include these penalties.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-3rd-february-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum Technical Analysis Report &#8211; 3rd February 2026<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_Do_Penalties_Apply\"><\/span><strong>When Do Penalties Apply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Penalties will be triggered if reporting entities:<\/p>\n\n\n\n<ul>\n<li>Don\u2019t submit the required statements.<\/li>\n\n\n\n<li>Submit inaccurate statements and fail to correct them.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Effective_Date\"><\/span><strong>Effective Date<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These provisions are expected to come into effect from April 1, 2026.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/2026-bitcoin-outlook-price-dynamics-etfs-predictions\" target=\"_blank\" rel=\"noreferrer noopener\">2026 Bitcoin Outlook: Price Trends, Market Dynamics, ETFs<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Union Budget 2026 clearly reinforces the need for accurate and timely crypto reporting, setting out defined penalties to discourage non-compliance. This guidance is anticipated to help exchanges and market participants plan their operations with confidence while aligning digital asset reporting with broader financial norms. Combined with earlier AML &amp; CFT guidelines from the Financial Intelligence Unit-India, these measures seemingly signal a consistent approach that promotes accountability, builds trust, and supports the responsible growth of India\u2019s crypto ecosystem.<\/p>\n\n\n\n<p>Unravel everything that you need for your crypto journey via <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay blogs<\/a>. Get started today and join 6 million+ registered users on <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay<\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Union Budget 2026 has proposed clear rules to improve compliance in crypto reporting. New penalties will apply to reporting entities, such as exchanges, if they fail to furnish crypto transaction statements or provide inaccurate information. From what is understood, these measures aim to ensure transparency and adherence to the Income-tax Act. Also Read: Family [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":38010,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[303],"tags":[79,16,575,574],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38009"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=38009"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38009\/revisions"}],"predecessor-version":[{"id":38012,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/38009\/revisions\/38012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/38010"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=38009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=38009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=38009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}