Indian tax authorities strictly investigate the tax avoidance of crypto assets and investigate more than US$100 million in undeclared income

According to EconomicTimes, India's tax authorities have stepped up their review in crypto tax filings in fiscal year 2026, found that more than 88.8 billion rupees (approximately US$104 million) of undeclared income from virtual digital assets, and issued more than 44,000 notices to relevant taxpayers.