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India Strengthens Tax Surveillance on Crypto and Cloud Storage
India Strengthens Tax Surveillance on Crypto and Cloud Storage
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BTCCSquare news:
India has escalated its tax monitoring framework to address evasion risks in digital banking, cryptocurrencies, and cloud storage. The Central Board of Direct Taxes (CBDT) is now actively participating in global discussions on crypto regulation, signaling a tighter grip on digital asset oversight.
Starting April 1, 2026, digital evidence will become pivotal in tax investigations, equipping authorities with sharper tools to trace evasion. Crypto wallets will face restricted access, limited to income tax raids—a MOVE underscoring the government's push for compliance in an increasingly digitized economy.
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