Indian tax authorities are cracking down on tax evasion through crypto assets, uncovering over $100 million in undeclared income.

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According to ChainCatcher, citing the Economic Times, the Indian tax authorities have intensified their scrutiny of crypto tax returns for fiscal year 2026, uncovering over 88.8 billion rupees (approximately $104 million) in undeclared virtual digital asset income and issuing over 44,000 notices to the relevant taxpayers.

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