India is intensifying its oversight of virtual digital assets (VDAs), launching a comprehensive tax surveillance regime that leverages artificial intelligence, aggressive audit tactics, and global compliance standards. The move, led by the Central Board of Direct Taxes (CBDT), is aimed at addressing tax evasion and unaccounted investments linked to cryptocurrencies. According to recent statements by CBDT Chairman Ravi Agrawal, the agency is expanding its use of AI-driven analytics and digital forensics to identify discrepancies between reported incomes and crypto-related transactions. This preemptive push comes ahead ... (full story)