India’s Tax Department Intensifies Crackdown on Crypto-Asset Tax Evasion, Uncovering Over $100 Million in Undeclared Income

According to the Economic Times, India’s tax authorities have intensified scrutiny of cryptocurrency tax filings for FY 2026, identifying over ₹88.8 billion (approximately $104 million) in undeclared virtual digital asset income and issuing more than 44,000 notices to relevant taxpayers.