The directorate of enforcement (ED) has attached proceeds of crime worth ₹4,189.89 crore in a series of crypto-linked money laundering investigations and declared one accused as a fugitive economic offender, the government informed the Lok Sabha on Monday. Further, as part of its compliance campaign, the central board of direct taxes (CBDT) has issued 44,057 communications to taxpayers who traded or invested in crypto assets but failed to report such activity in Schedule VDA of their income tax returns (ITRs). In a written reply, Pankaj Chaudhary, minister of state for finance, says the ED has so far arrested 29 individuals and filed 22 prosecution complaints in cases involving virtual digital assets (VDAs), reflecting an intensified crackdown on illicit financial flows routed throug

See Full Page