US EditionCBDT Urges Voluntary Compliance From Crypto Investors In New Advisory Drive
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CBDT Urges Voluntary Compliance From Crypto Investors In New Advisory Drive
India’s apex tax authority, the Central Board of Direct Taxes (CBDT), initiated a large-scale compliance campaign targeting crypto investors and traders. Thousands of notices were reportedly issued to individuals and entities suspected of not disclosing income from virtual digital assets (VDAs) in their tax returns. This drive is understood to have been a part of CBDT’s ongoing NUDGE initiative, a non-intrusive strategy aimed at encouraging volu…
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