India Launches Major Enforcement Blitz
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
India’s tax authority has stepped up its game on crypto reporting. Thousands of taxpayers are getting notices about missing income from virtual digital assets.
The move comes as part of a wider push to spot hidden gains and possible money laundering through digital tokens.
Crypto Holders Under Scrutiny
According to officials, the Central Board of Direct Taxes is checking if people put their crypto trades in Schedule VDA of their returns. Many high‑risk profiles either under‑reported or skipped it altogether.
Crypto exchanges, or VASPs, file TDS reports, and those numbers don’t always…
