Cryptocurrency

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

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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

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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