Crypto investments underneath scanner: CBDT launches probe into unaccounted revenue; high-risk buyers in VDA could face scrutiny
The Central Board of Direct Taxes (CBDT) has launched a probe into doable tax evasion and laundering of unaccounted revenue by way of investments in digital digital property (VDAs), together with high-risk VDA transactions and cryptocurrencies, sources within the authorities mentioned on Thursday.The tax authority is presently verifying people and entities engaged in high-risk VDA…