'We have a long list of people who were transacting in crypto assets but were not paying tax.' cryptocurrency bitcoin $BTC
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation.India’s income tax department is reportedly cracking down on non-payment of taxes from cryptocurrency gains.
The list includes high net worth individuals, non-resident Indians, startups, students, and housewives. Some of them have never filed tax returns.
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