The Indian government is utilizing sophisticated data analytics and forensic technology to enhance tax compliance on virtual digital assets. This initiative has yielded significant revenue, with ₹269.09 crore (approximately 32 million USD) collected in 2022-23, indicating a robust framework to monitor crypto activities.
To strengthen compliance oversight, the Indian government is introducing specialized training programs for enforcement personnel. These initiatives aim to equip staff with necessary skills for monitoring virtual digital asset transactions, combining advanced technology and training to combat tax evasion effectively.
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