₹437 Cr Recovered: India Deploys AI To Track Down Crypto Tax Dodgers

How India’s Income Tax Department Used AI to Crack Down on Crypto Evasion

India’s Income Tax Department has successfully recovered ₹437 crore from cryptocurrency transactions in FY 2022–2023 by deploying a sophisticated blend of artificial intelligence (AI), machine learning (ML), and digital forensics. Here's how they did it: Tech-Driven Enforcement Strategy AI & Machine Learning AnalyticsUsed to detect anomalies and patterns in crypto transactions.Compared Tax Deducted at Source (TDS) filings from crypto exchanges w…

₹437 Cr Recovered: India Deploys AI To Track Down Crypto Tax Dodgers – FinanceFeeds

DeFi Insider. Turkish Crypto Boss Nabbed in Shocking Drug and Attempted Murder Case · bitcoin-Robert kiyosaki. DeFi Insider. Robert Kiyosaki Says … Source link The post ₹437 Cr Recovered: India Deploys AI To Track Down Crypto Tax Dodgers – FinanceFeeds first appeared on Crypto News Wire.

₹437 Cr Recovered: India Deploys AI To Track Down Crypto Tax Dodgers

India’s Income Tax Department has used artificial intelligence (AI), machine learning, and digital forensics to get back ₹437 crore from cryptocurrency transactions in the financial year 2022–2023. This is a big step towards stopping tax cheating. This smart use of technology shows that India is serious about regulating virtual digital assets (VDAs) and making sure that people pay their taxes in a digital economy that is changing quickly. Strate…