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Unaccounted Crypto Income Under I-T Lens
The New Indian Express Shivamogga
|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.
This story is from the June 14, 2025 edition of The New Indian Express Shivamogga.
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