India Uncovers ₹29,208 Cr in Hidden Wealth & Crypto – Tax Nets Tighten
India's tax authorities just dropped a bombshell—₹29,208 crore in undeclared assets, including a crypto haul. The message? The long arm of the taxman now stretches into digital wallets.
Crypto no longer off the grid
For years, crypto investors whispered about 'tax-free gains.' Not anymore. The Income Tax Department's dragnet proves blockchain trails aren't as anonymous as some hoped—especially when converting to fiat.
Traditional wealth caught too
Old-school hoarders didn't escape either. Gold, real estate, and offshore accounts all feature in the seizure list—because nothing sparks joy like bureaucrats counting other people's money.
The takeaway?
Tax evasion just got harder. Whether your vault is physical or cryptographic, authorities are leveling up their forensic accounting game. (But hey—at least they didn't find *your* cold wallet... yet.)
