India Sends Section 148A Notices to Crypto Traders for Unreported Crypto Income

BitcoincomNews · 2026-04-07T09:45:41+00:00

India has initiated Section 148A notices to address unreported crypto transactions from FY 2021-22, highlighting discrepancies in reported incomes. Traders can contest these notices by providing reconciled transaction records.

BitcoincomNews

2026-04-07 09:45:41

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Story Highlights* India begins issuing Section 148A notices targeting unreported crypto transactions from FY 2021–22.

Some notices show inflated income like ₹1.63 crore based on turnover, not actual trading profits.
Section 148A notice is show-cause only, traders can respond by submitting reconciled transaction records.

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