UPSCSSCBANKINGSTATE-PSC
ED attached ₹4,190 cr in crypto cases; CBDT sent communications to VDA investors not reporting in ITR.
Summary
The Enforcement Directorate (ED) has attached assets worth ₹4,190 crore in crypto-related cases. The Central Board of Direct Taxes (CBDT) has issued communications to taxpayers who invested or traded in Virtual Digital Assets (VDAs) but did not report them in their Income Tax Returns.
Key Points
- ED attached assets worth ₹4,190 crore in crypto cases.
- One accused in crypto cases declared as Fugitive Economic Offender.
- CBDT issued 44,057 communications to taxpayers.
- Communications were sent to taxpayers who invested or traded in VDAs but did not report in ITR.
Full Article
The CBDT has sent 44,057 communications to taxpayers who invested or traded in VDAs but did not report these in their Income Tax Returns, Minister of State for Finance Pankaj Chaudhary said in a written reply to a question in the Lok Sabha
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