Crypto Tax India Crackdown: CBDT Sends Notices to Thousands for Undeclared Income
CBDT Investigation on Crypto Income: India's Central Board of Direct Taxes (CBDT) is investigating individuals and entities for failing to report income from Virtual Digital Assets (VDAs), including cryptocurrencies, as part of its NUDGE initiative aimed at detecting tax evasion and money laundering.
Action Steps for Crypto Investors: Recipients of notices are advised to review their past Income Tax Returns (ITRs), declare any undeclared crypto gains separately, and file updated returns to avoid penalties, with the CBDT warning that non-compliance may lead to further scrutiny.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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