Indian Tax Authorities Use AI to Detect Crypto Evasion Collect 437 Crore Rupees
The Indian government is intensifying its efforts to combat tax evasion in the cryptocurrency sector through a combination of advanced technology and regulatory measures. By leveraging artificial intelligence (AI), machine learning, and digital forensics, tax authorities aim to identify suspicious transaction patterns and improve compliance with virtual digital asset (VDA) taxation rules. These initiatives, coupled with specialized training programs for tax officers, underscore a strategic push to close loopholes and enhance revenue collection from crypto-related earnings.
Under the Central Board of Direct Taxes (CBDT), tax enforcement agencies have prioritized capacity-building for officers, including blockchain forensics training…
