INCOME TAX UPDATE:
Income Tax Department has sent out 44,000 emails and messages to individuals for not filing their crypto transactions in their FY 2025 returns..
This move is part of the CBDT’s aggressive ‘Nudge’ campaign, and the message is loud and clear that they're watching...
INFO:
-₹705 Cr already collected in VDA taxes (FY23–FY24)
-₹630 Cr in unreported crypto income uncovered via raids & surveys
-30% tax + surcharge & cess on profits
-1% TDS on every trade
-Mandatory VDA disclosure in ITR-2 & ITR-3
August 7, 2025 6.4K
