Rule 243 sets what a reporting crypto-asset service provider reports for each relevant calendar year from 1 January 2026 on each reportable user — identity, tax residence and TIN, and aggregate amounts, units and transaction counts by type of crypto-asset and by category of acquisition, disposal and transfer — valued as the rule prescribes and furnished in Form No. 167.
243
Rules 2026 · Rule 243
Reporting requirements for transaction of crypto-asset under section 509
Rules 201-260
What is reported (sub-rule 1). For each relevant calendar year starting on or after 1 January 2026, in respect of crypto-asset users that are reportable users or have reportable controlling persons: each reportable user's name, address, country or territory of residence, TINs and date and place of birth (for an individual); for an entity with reportable controlling persons, the entity's details and each controlling person's details and role; the provider's own name, address and Permanent Account Number; and, for each type of relevant crypto-asset, the full name and, in aggregate, the gross amount paid or received (or fair market value), the number of units and the number of transactions for acquisitions and disposals against fiat currency, acquisitions and disposals against other crypto-assets, reportable retail payment transactions, and transfers to and by the user by transfer type, as well as the fair market value and units of transfers to wallet addresses not known to be associated with a virtual asset service provider or financial institution.
TIN exception and valuation (sub-rules 2 to 8). A TIN need not be reported if the country does not issue one or does not require its collection. Amounts are reported in a single fiat currency, which is identified. Where a crypto-asset has no direct Indian Rupee trading pair, valuation uses, in order, the provider's internal book values; values from third-party price aggregators that reasonably indicate value; the provider's most recent valuation; and, as a last resort, a reasonable estimate; any alternative method relied on is indicated in Form No. 167. Transactions are aggregated for each reporting category and type of crypto-asset. The provider collects and retains certain records for at least seven years.
Furnishing (sub-rules 9 to 11). The statement goes to the Director or Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission under digital signature. The provider communicates the name, designation and contact details of its designated director and principal officer to the Director General of Income-tax (Systems) and obtains a number for furnishing; the designated director signs, verifies and furnishes the statement on the information available (a non-resident provider may use a person holding a power of attorney from the designated director).