Overview
- The Enforcement Directorate reports attachments, seizures and freezes totaling ₹4,189.89 crore, with 29 arrests and 22 prosecution complaints filed.
- One individual in the crypto-linked cases has been declared a Fugitive Economic Offender, according to the finance ministry’s reply to the Lok Sabha.
- The CBDT says searches identified ₹888.82 crore in undisclosed income from virtual digital asset transactions.
- Under its NUDGE campaign, the tax department sent 44,057 communications to taxpayers who traded or invested in VDAs without reporting them in Schedule VDA of their ITRs.
- VDAs are now covered by the PMLA with VASPs designated as reporting entities to FIU-IND, alongside capacity-building in blockchain forensics and a call for stronger international cooperation.