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Unaccounted Crypto Income Under I-T Lens
The Morning Standard
|June 14, 2025
Unaccounted income by high-risk persons through investment in cryptocurrency is under government scrutiny.
The tax department sources have said that it is probing evasion and laundering via cryptocurrencies during assessment years 2023-24 and 2024-25.
It is learnt from reliable sources that the tax department has recently sent e-mails to thousands of defaulting persons to review their income tax returns and update if any income on account of Virtual Digital Asset (VDA) transactions have not been properly declared.
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