🚨 INDIA CRYPTO: I-T DEPT FLAGS RISKS!



The Income Tax Department, aligning with the RBI, has labeled crypto as "High-Risk" and opposed its large-scale use

√ Risk of tax evasion and illegal funding due to anonymous transactions.

√ Difficulty in collecting tax dues because of private wallets.

√ This strict stance by the I-T Dept and RBI ahead of Budget 2026 hints at new, tougher rules.

Regulation is tightening. India's top tax authority officially joins the RBI in flagging crypto's systemic risks!
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)