Over 44,000 emails/messages to taxpayers for not disclosing crypto investment and transactions
Union Finance Ministry told the Rajya Sabha on Tuesday that the Income Tax Department has sent over 44,000 emails and […]
Cryptocurrency News
Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics tools
In India, avoiding taxes on bitcoin, cryptocurrencies, and other virtual digital assets is becoming increasingly difficult. The Income Tax Department
Income tax collections from cryptocurrencies jump to Rs 437.43 crore in FY24
Income tax collected from cryptocurrencies or Virtual Digital Asset (VDA) transactions was recorded at Rs 437.43 crore in FY24. This
Crypto tax in India: Schedule VDA, 30% tax, how investors should file ITR
Cryptocurrency, once a niche interest for tech enthusiasts, has rapidly evolved into a significant digital asset class in India. Even
Thousands get tax notices over undisclosed crypto income: Here’s how you should report it in ITR
The Income Tax Department has recently sent notices to thousands of individuals who failed to report their crypto income in
Invested in crypto? Report it in your income tax return as taxmen ‘nudge’ investors
The Income Tax Department (ITD) has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed
Crypto investments under scanner: CBDT launches probe into unaccounted income; high-risk investors in VDA may face scrutiny
The Central Board of Direct Taxes (CBDT) has launched a probe into possible tax evasion and laundering of unaccounted income
Crypto traders hit with hefty tax penalty as IT Dept cracks down on P2P transactions
Rakesh (name changed) had sold crypto tokens worth Rs 98,500 through peer-to-peer (P2P) transactions for about Rs 100,000 back in
Crypto traders dodging TDS via Binance under I-T lens
Many Indians trading on the world’s largest crypto exchange Binance have come under the glare of the tax authorities. Over
Virtual digital assets to be brought within scope of undisclosed income under Income Tax Act
In an effort to further rein in misuse of crypto, government has proposed to include virtual digital asset (VDA) in the