India Cracks Down on Crypto Tax Evaders Using Offshore Binance Wallets
- India is investigating over 400 crypto traders for evading tax.
- Crypto traders in India often use offshore wallets to evade high taxes.
- India has one of the highest crypto tax regimes in the world.
According to reports, the Indian Income Tax Department has launched an investigation involving over 400 high-net-worth individuals over crypto tax evasion. Initial reports suggest that the suspects concealed profits made from cryptocurrency investments in offshore Binance wallets.
India
— Karan Singh Arora (@thisisksa) October 12, 2025cracks down on hidden crypto gains via offshore Binance wallets
The Income Tax Department is investigating over 400 high-net-worth individuals for allegedly concealing crypto profits in offshore Binance wallets.The CBDT has ordered its investigation wings to… pic.twitter.com/8C3qW4GI3O
The investigation deadline is Octob…
Read The Full Article India Cracks Down on Crypto Tax Evaders Using Offshore Binance Wallets On Coin Edition.
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India Cracks Down on Crypto Tax Evaders Using Offshore Binance Wallets
- India is investigating over 400 crypto traders for evading tax.
- Crypto traders in India often use offshore wallets to evade high taxes.
- India has one of the highest crypto tax regimes in the world.
According to reports, the Indian Income Tax Department has launched an investigation involving over 400 high-net-worth individuals over crypto tax evasion. Initial reports suggest that the suspects concealed profits made from cryptocurrency investments in offshore Binance wallets.
India
— Karan Singh Arora (@thisisksa) October 12, 2025
The Income Tax Department is investigating over 400 high-net-worth individuals for allegedly concealing crypto profits in offshore Binance wallets.
The investigation deadline is Octob…
Read The Full Article India Cracks Down on Crypto Tax Evaders Using Offshore Binance Wallets On Coin Edition.
Read More