BTCC
/
BTCC Square
/
CryptotimesIO
/
India’s Tax Crackdown: 44,000 Crypto Investors Hit With Undeclared Income Notices
India’s Tax Crackdown: 44,000 Crypto Investors Hit With Undeclared Income Notices
4
3
New Delhi turns up the heat on digital asset holders as compliance sweeps widen.
The hammer drops—44,000 emails blast out to crypto traders caught in India's tax net. No warnings, no grace periods—just cold, automated scrutiny hitting inboxes like a DeFi flash crash.
Taxman 1, Crypto Anarchists 0
Sources confirm the income tax department's algorithms flagged discrepancies between exchange-reported transactions and filed returns. Now the real fun begins: proving those 'forgotten' Bitcoin profits were just 'portfolio rebalancing.'
Funny how governments suddenly master blockchain analytics when there's revenue at stake—almost like they've got a financial incentive.
By:
