India Issues 44,000 Crypto Tax Notices, Uncovers $104M in Hidden Income
India’s Income Tax Department has contacted thousands of crypto investors after identifying discrepancies between trading activity and reported income. According to reports, authorities have already issued more than 44,000 VDA-related notices and uncovered over ₹888 crore ($104 million) in undisclosed crypto income. Officials suspect some high-risk users may have used undeclared money to buy virtual […]
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