Home Crypto Currency The Taxman Cometh: India Demands Cryptocurrency Investors Pay Up

The Taxman Cometh: India Demands Cryptocurrency Investors Pay Up

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India’s income tax department has issued 100,000 tax notices to cryptocurrency investors, in the latest sign of a government crackdown on the use of the digital money.

“People who have made investments (in cryptocurrency) and have not declared income while filing taxes and have not paid tax on the profit earned by investing, we are sending them notices as we feel that it is all taxable,” Sushil Chandra, the head of India’s direct taxes department, was quoted as saying in a news release from an Associated Chambers of Commerce…



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