Income Tax Department Targets Over 400 Binance Traders in Tax Crackdown

Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown

The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has given authorities access…The tax authorities have launched an extensive investigation into over 400 wealt…

Income Tax Department Targets Over 400 Binance Traders in Tax Crackdown

The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and...

India Targets 400 Binance-Linked Accounts in Nationwide Tax Evasion Crackdown News ETHNews

According to The Economic Times, the Central Board of Direct Taxes (CBDT) has ordered a coordinated probe into over 400 high-value accounts tied to the exchange’s trading platform. Each regional tax office has been directed to submit its findings by October 17, marking the start of a nationwide, data-driven operation aimed at identifying unreported crypto income and cross-border tax violations. Why the Stakes Are Rising India’s crypto traders al…

Indian Tax Authority Investigates 400 High-Net-Worth Binance Traders

India’s Income Tax department has launched an investigation into more than 400 high-net-worth Binance traders. The Indian tax authorities, headed by the Central Board of Direct Taxes (CBDT), suspect tax evasion despite the country’s stringent crypto tax rules.  The investigation appears to be targeting offshore trading activities. According a 11 October 2025 Economic Times report, “the persons identified had evaded tax on their crypto profits, w…

India Targets Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown

Over 400 high-net-worth Binance users are under investigation for alleged crypto tax evasion between 2022 and 2025. Authorities are examining P2P transactions and unofficial settlements via banks, Google Pay, and previously cash. Binance re-entered India in 2024 after paying a fine and registering with the FIU, enabling data sharing for the probe. Indian tax authorities have launched a widespread investigation into more than 400 high-net-worth i…