Cryptocurrency

₹260 Crore Cyber Fraud Busted: ED Raids Delhi, Noida, Dehradun

by
₹260 Crore Cyber Fraud Busted: ED Raids Delhi, Noida, Dehradun

Directorate of Enforcement (ED), Delhi Zonal Office has conducted search operations on6/8/2025 and 7/8/2025 at 11 locations in Delhi, Noida and Dehradun in connection with ongoinginvestigation in a Global Cyber Fraud case. Investigation revealed that the foreign and Indian nationalswere duped by fraudsters (which were running illegal call centre in India) impersonating themselvesas Police/investigating officers … Read more

Indian National’s ₹42.8 Crore Assets Seized by ED in Multi-Million Dollar Cyber Fraud

by
Indian National’s ₹42.8 Crore Assets Seized by ED in Multi-Million Dollar Cyber Fraud

Directorate of Enforcement, Headquarters Office, New Delhi has issued a ProvisionalAttachment Order on 02.08.2025 attaching assets valued at Rs. 42.8 Crore belonging toChirag Tomar, his family members, and associated entities. The provisionally attached assetsinclude 18 immovable properties in Delhi and credits in bank accounts.ED initiated investigation on the basis of newspaper report that an Indian … Read more

Bitcoin’s $123,000 Milestone: Indian Investors Eyeing Profits & Tax Compliance

by
Bitcoin’s $123,000 Milestone: Indian Investors Eyeing Profits & Tax Compliance

Bitcoin Surges Past $123,000: A Guide to Booking & Reporting Crypto Gains in India Bitcoin has hit a new all-time high, crossing the $123,000 mark, igniting excitement among over two crore crypto investors in India.1 This massive rally, which has seen a ₹1 lakh investment in Bitcoin grow to over ₹12 lakh since July 2020, … Read more

India’s Crypto Investors Under the Tax Scanner: What You Need to Know

by
India’s Crypto Investors Under the Tax Scanner: What You Need to Know

Crypto Investments Under the Tax Scanner: CBDT Launches Major Probe The Central Board of Direct Taxes (CBDT) is cracking down on potential tax evasion and money laundering through Virtual Digital Assets (VDAs), including cryptocurrencies. This isn’t just a warning; it’s a full-blown probe, with high-risk VDA investors now under intense scrutiny. The tax authority has … Read more

India’s Tax Net Tightens on Crypto Earnings: CBDT Cracks Down

by
India’s Tax Net Tightens on Crypto Earnings: CBDT Cracks Down

CBDT Cracks Down on Undisclosed Crypto Income India’s tax authorities are intensifying their efforts to ensure compliance with cryptocurrency income declarations. The Central Board of Direct Taxes (CBDT) has launched a significant crackdown on individuals and entities suspected of evading taxes and laundering money through undisclosed or underreported crypto transactions. The CBDT’s data-driven investigation has … Read more