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India: Finance Bill 2025 (No. 7) including reporting requirement enters into force

Policy overview

Description

Finance Bill 2025 (No. 7) including reporting requirement enters into force

On 1 April 2026, the reporting requirement in Finance Bill 2025 under Section 25BAA of the Income-tax Act will come into force, requiring prescribed entities dealing in crypto-assets to submit transaction-related information to the Income-tax author…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider, platform intermediary: user-generated content, platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2025-02-01
under deliberation

On 1 February 2025, the Government of India introduced the Finance Bill, 2025 (Bill No. 7) in the L…

2025-03-25
under deliberation

On 25 March 2025, the House of the People (Lok Sabha) of the Parliament of India (Bharatiya Sansad)…

2025-03-27
adopted

On 27 March 2025, the Council of States (Rajya Sabha) of the Parliament of India (Bharatiya Sansad)…

2025-03-29
adopted

On 29 March 2025, the President of India signed into law the Finance Act 2025 (No. 7). The Finance …

2025-04-01
in force

On 1 April 2025, The Finance Act 2025 (No. 7) entered into force, implementing the abolition of the…

2026-04-01
in force

On 1 April 2026, the reporting requirement in Finance Bill 2025 under Section 25BAA of the Income-t…