India's tax authorities are strictly investigating tax evasion related to cryptocurrency assets, with over 100 million dollars in undeclared income being scrutinized
According to the Economic Times, the Indian tax department has strengthened its review of cryptocurrency tax filings for the fiscal year 2026, discovering over 88.8 billion rupees (approximately 10.4 million USD) in unreported virtual digital asset income, and has issued more than 44,000 notices to the relevant taxpayers.
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