š®š³ Major Action by the Tax Department in India ā Disclosure of Hidden Crypto and Foreign Assets
š During the tax crackdown of ā¹3.3 billion (approximately ā¹2,74,000 crore) in the financial year 2024-25:
š° ā¹29,208 crore of hidden foreign assets discovered.
š ā¹1,089 crore of undisclosed foreign crypto income caught.
š®š³ ā¹630 crore (approximately $72 million) of hidden Indian crypto income disclosed.
šŖ ā¹2.7 crore of digital assets seized, whose owners did not declare their crypto holdings.
š 5,483 taxpayers filed late ITR for 2024ā25.
ā ļø This action reflects the Indian government's scrutiny of crypto and digital assets ā hiding will now be costly! šØ$XRP
