India’s Income Tax Department has sent 44,057 emails and messages to crypto traders who failed to report their cryptocurrency trades in recent tax returns. This outreach is part of a major compliance initiative following the identification of numerous cases of unreported cryptocurrency income by data tools. Authorities urge recipients to update their tax filings promptly, warning that skipping crypto disclosures may lead to further scrutiny, penalties, or prosecution. The campaign emphasizes the growing focus on taxing digital assets in India.
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