The Indian government has taken significant steps to curb black money and undisclosed foreign assets held by residents outside the country. One of the key legal tools in this effort is the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Successfully Defending a Large Crypto Trader Against Income Tax Notice - India 2025 In recent years, the Income Tax Department (ITD) has increased scrutiny on cryptocurrency (Virtual Digital Assets or VDA) transactions due to concerns about tax evasion and underreporting. Many traders and investors have…
Receiving an Income Tax Notice in India can be a stressful experience for taxpayers, as it often raises concerns about discrepancies in filed returns or potential scrutiny by tax authorities. A delay or incorrect response to such a notice can lead to severe consequences, including…