Indian cryptocurrency exchanges suspected of tax evasion

28.03.2022 16:10
by Artem Ustinov
1 min read

11 Indian cryptocurrency exchanges suspected of tax evasion

Eleven crypto exchanges in India have been investigated for tax evasion, said Finance Minister Pankaja Chaudhary.

The government has filed suit against 11 cryptocurrency exchanges for alleged tax evasion totaling up to $12.6 million. According to Chaudhary, the violations were identified by GST committees. Unpaid taxes range from $240,000 to $6 million.

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  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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