India Launches Crackdown on Unreported Crypto Incomes
The Central Board of Direct Taxes (CBDT) in India has intensified its crackdown on tax evasion in the crypto sector. The authority is now actively investigating individuals and businesses who may have failed to report income generated through digital assets like cryptocurrencies. This comes as the country tightens its grip
India Risks Losing $2 Billion in Crypto Tax Revenue as Traders Flee Offshore
India’s stringent crypto tax policies are driving traders to offshore platforms, jeopardising over $2 billion in tax revenue over the next five years, according to a recent report by the Esya Centre. Missed Revenue from Offshore Platforms Since July 2022, India has missed out on approximately ₹6,000 crore ($724 million)
