According to Minister of State for Finance Pankaj Chaudhary, the CBDT has issued 44,057 communications to taxpayers who invested or traded in VDAs but failed to disclose these transactions in Schedule VDA of their Income Tax Returns
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Prathmesh Kher _12003
The Enforcement Directorate (ED) has attached proceeds of crime worth ₹4,189.89 crore in crypto-related investigations under the Prevention of Money Laundering Act (PMLA) and has declared one accused a Fugitive Economic Offender, the government informed the Parliament on Monday.
The Central Board of Direct Taxes (CBDT), meanwhile, has detected ₹888.82 crore of undisclosed income arising from virtual digital asset (VDA) transactions during recent search and seizure operations.
Cyrpto currency such as Bitcoin is nor recognised as a legal money neither has been banned in India.
According to Minister of State for Finance Pankaj Chaudhary, the CBDT has issued 44,057 communications to taxpayers who invested or traded in VDAs but failed to disclose these transactions in Schedule VDA of their Income Tax Returns.
Chaudhary said the government has already brought VDAs under the ambit of PMLA, and the ED has been actively investigating several crypto-linked offences.
“So far, the ED has attached, seized or frozen proceeds of crime worth ₹4,189.89 crore, arrested 29 individuals and filed 22 prosecution complaints. One accused has been declared a Fugitive Economic Offender,” he wrote the Lok Sabha .
The Minister reiterated that crypto-assets and VDAs remain unregulated in India, and the government is undertaking capacity-building measures to improve monitoring and investigation of such transactions.
Chaudhary added that because crypto assets are “inherently borderless,” an effective regulatory framework would require strong international collaboration, including unified risk assessments, common standards, and a globally accepted taxonomy to prevent regulatory arbitrage.
People are free to trade crypto on Indian or foreign exchanges, hold digital currency as an asset, transfer within legal limits, file gains in Income Tax returns.
Published on December 8, 2025
