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![thisisksa Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1463987388372303883.png) Karan Singh Arora [@thisisksa](/creator/twitter/thisisksa) on x 36.8K followers
Created: 2025-07-24 06:58:47 UTC

Income Tax Dept 🇮🇳 Cracks Down on Crypto 🚨

🔹 India joins global CARF (Crypto-Asset Reporting Framework) for cross-border crypto data sharing.

🔹 IT Dept using tech + international data to trace foreign crypto holdings.

🔹 Seed phrases, cold wallets now being scanned in Income Tax raids.

🔹 Crypto wallet access only during search/seizure operations, not regular assessments.

🔹 Training underway to help officials detect hidden digital assets.

Source: Economic Times

![](https://pbs.twimg.com/media/GwmrSjmacAAzR7a.jpg)

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**Related Topics**
[coins wallets](/topic/coins-wallets)
[india](/topic/india)
[tax bracket](/topic/tax-bracket)

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