New Income Tax Rules for Crypto and Digital Currency Reporting
- Document
- Notification Notification No. 19/2026
- Effective
- 1st January, 2026
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification 19/2026 updates how financial institutions report information to the Income Tax Department under the Common Reporting Standard, which is a global system for sharing tax data. It adds new requirements to track crypto-assets, electronic money, and central bank digital currencies to ensure these assets are properly reported.
What has changed
How it worked before
Previously, the reporting rules focused primarily on traditional financial assets like bank deposits and investments. There were no specific requirements to include crypto-assets or central bank digital currencies in these standard tax reports.
What has changed
Financial institutions must now include crypto-assets, electronic money, and central bank digital currencies in their reporting. They are also required to collect and report extra details, such as whether an account is a joint account and if the holder has provided a valid self-certification of their tax status.
Who this affects
This affects banks, investment firms, and other financial institutions that manage accounts for customers. If you are an individual customer, you do not need to file anything, but your bank may ask you for updated information or self-certification documents.
What you should do
If you are an individual, you do not need to take any action unless your bank contacts you to request updated information or a new self-certification form. If you run a financial institution, you must update your internal systems to capture these new data points for your customers.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 19/2026 |
| Full title | Notification No. 19/2026 |
| Effective | 1st January, 2026 |
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