BTCC
/
BTCC Square
/
CryptotimesIO
/
India Tightens the Screws: Crypto Tax Dodgers Face Unprecedented Crackdown
India Tightens the Screws: Crypto Tax Dodgers Face Unprecedented Crackdown
18
2
Indian regulators just declared open season on crypto tax evasion—and the hunt is heating up.
Subheader: The Enforcement Hammer Drops
No more shadows. Authorities are tracking unreported transactions with blockchain forensics, slapping fines that make traditional tax dodges look quaint. One Mumbai trader reportedly coughed up 120% penalties on undeclared Bitcoin gains—proof they’re not playing nice.
Subheader: The Irony Isn’t Lost
Meanwhile, legacy banks still fumble with ‘suspicious activity’ reports from 2018. But when it comes to crypto? Suddenly they’ve got the efficiency of a DeFi smart contract.
Closing jab: Nothing unites governments faster than sniffing out untaxed money—except maybe missing their own fiscal targets.
By:
