India's tax department has intensified its crackdown on cryptocurrency tax evasion, uncovering over ₹88.8 billion (approximately $104 million) in undeclared income from virtual digital assets for the fiscal year 2026. The authorities have issued more than 44,000 notices to taxpayers involved in these discrepancies, signaling a significant enforcement effort to ensure compliance with tax regulations in the rapidly growing crypto sector.
India's Tax Authorities Uncover $104 Million in Undeclared Crypto Income
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