The Indian Income Tax Department conducted raids at major bitcoin exchanges across the country on Wednesday.
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The raid was conducted because of alleged tax evasion by exchange customers, the Press Trust of India (PTI) reported.
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Bitcoin exchanges under IT radar, survey at 9 exchanges
The Income Tax Department today has conducted survey operations at all major Bitcoin Exchanges across the country on suspicion of alleged tax evasion, official.Read more about Surat: Income Tax officials raid cryptocurrency traders on Business Standard.On Wednesday, the Income Tax department conducted a series of raids on Bitcoin exchanges around the country.The Indian Income Tax Department has issued about one lakh notices to people who have invested in cryptocurrencies like Bitcoin without declaring these in their.Income tax raid is considered as the best option to unearth illegal and black money from.
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On Monday, Income Tax department made several raids in Delhi and other areas.The surveys carried out under income tax laws began early in the morning.
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Much of the discussion that took place was over how bitcoin actually works and how income.
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Income Tax Department Wants To Tax Bitcoin Miners In India. helped ED in the raid and they will.Income Tax Department of India raided bitcoin exchanges in the country to identify the dealers, holders and buyers who have invested in it.
The Income Tax Department today has conducted survey operations at all major Bitcoin Exchanges across the country on suspicion of alleged tax evasion, offi.
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Here's a closer look at cryptocurrency taxation outside India. can be subjected to income tax,. tax on capital gains and income from Bitcoin trading is...
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Bitcoin: Income tax department in tough spot as investors go all tech. While bitcoins are still not illegal in India, income tax and ED are scrutinising all.This is the position of all countries that issued guidance on the income tax treatment of Bitcoin.Bitcoin transactions, an emerging instrument of investment unregulated by any law, have come under the Income Tax Department scanner.
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Tax investigators raid the offices of nine bitcoin exchanges across India, including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram.Bitcoin exchanges under IT radar, survey at 9 exchanges across the country.
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