[India's 2026 Tax Season Tightens Crypto Taxation Requirements: Strengthened VDA Transaction-by-Transaction Reporting, Compliance and Data Integrity as Key Focus] Odaily Planet Daily News – India’s 2026 tax season introduces stricter compliance requirements for crypto investors. Although the tax framework has not undergone drastic changes, enforcement measures and reporting details have been significantly tightened, making the potential consequences of reporting errors more severe. Starting April 1, 2026, India will implement the new *Income Tax Act (2025)*, replacing the previous 1961 Act. For the FY2025-26 tax year, virtual digital assets (VDA) must still be reported under the existing framework, but execution-level requirements have been further refined. Specifically, Schedule VDA mandates investors to report on a "transaction-by-transaction" basis rather than merely summarizing net gains, covering every single transaction, exchange, and asset disposal record. For users involved in cross-platform transactions, DeFi operations, and multi-wallet transfers, data integrity and consistency have become core challenges. Analysts point out that failing to fully report any single crypto asset exchange or transaction could trigger compliance risk reviews, as regulators are raising their standards for data matching and verification against on-chain and exchange records. (The Times of India)