Indian Tax Authorities Chasing Unreported Crypto Transactions
Indian tax authorities are investigating tax evasion and money laundering by 'high-risk persons' through cryptocurrency, a government official said Friday.
The Central Board of Direct Taxes has identified individuals and entities that are engaged in unreported virtual digital asset transactions, income from which is subject to a 30% flat tax rate, the official told reporters, asking not to be identified in line with government rules.
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