Indian Tax Authority Issues 44,057 Notices to Unreported Crypto Traders
The CBDT (Central Board of Direct Taxes — India's tax authority) targets individuals failing to disclose virtual digital asset transactions in income tax returns.
VIRTUAL
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Terms & Concepts
CBDT (Central Board of Direct Taxes): India’s national authority responsible for direct tax administration, including enforcement of income tax laws.
Virtual Digital Asset (VDA): A digital representation of value such as cryptocurrencies or tokens, recognized under India's tax regulations.