India's Tax Department Is Sending Notices to Crypto Investors

India’s Tax Department Is Sending Notices to Crypto Investors

An Indian tax official has said that gains from cryptocurrency investment are subject to tax liability and that it will seek those trying to avoid paying up. During an event on Tuesday this week, Sushil Chandra, chairman of India’s Central Board of Direct Tax (CBDT) confirmed that around 100,000 notices have been sent to residents who have not included their cryptocurrency investment on income tax returns. According to Chandra, the notices were sent by the department’s law enforcement units across the country to ensure cryptocurrency investors are aware of their tax liabilities. Chandra said: "People who have made investments […]

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