Crypto Tax India Crackdown: CBDT Sends Notices to Thousands for Undeclared Income

The post Crypto Tax India Crackdown: CBDT Sends Notices to Thousands for Undeclared Income appeared first on Coinpedia Fintech News

India’s Central Board of Direct Taxes (CBDT) has initiated a large-scale investigation into individuals and entities who failed to report income from Virtual Digital Assets (VDAs), including cryptocurrencies. What Happened? The CBDT has identified widespread non-compliance related to crypto income and has sent notices via email, asking recipients to update their Income Tax Returns (ITRs). …