US EditionIndia Ramps Up Crypto Tax Enforcement with International Data Sharing and AI
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India Ramps Up Crypto Tax Enforcement with International Data Sharing and AI - WorldNL Magazine
In brief India’s CBDT Chairman Ravi Agrawal said the country is stepping up its use of AI and international data-sharing to identify crypto tax evaders. Minister of State Pankaj Chaudhary confirmed the department is using data analytics to match crypto TDS filings with income tax returns and issue automated notices. India is actively participating in the OECD’s Crypto-Asset Reporting Framework (CARF), aiming to enable automatic sharing of crypto…
The tax return is due by July 31 – which crypto investors should now pay particular attention to and which strategies can help to save taxes in the long term. Source: BTC-ECHO BTC-ECHO
India Ramps Up Tax Surveillance On Crypto And Digital Assets - FinanceFeeds
India is intensifying its oversight of virtual digital assets (VDAs), launching a comprehensive tax surveillance regime that leverages artificial intelligence, aggressive audit tactics, and global compliance standards. The move, led by the Central Board of Direct Taxes (CBDT), is aimed at addressing tax evasion and unaccounted investments linked to cryptocurrencies. According to recent statements by CBDT Chairman Ravi Agrawal, the agency is expa…
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