
Vishal Shinde
766 posts

Vishal Shinde
@Vishal_Fantasy
Life is a Sport Make it Count ✌ Sports Manager, Cricket Fanatic 🏏












🚨 CRYPTO INCOME TAX NOTICE — READ CAREFULLY 🚨 One of my community members shared this official notice from the Income Tax Department (India). Issued under Section 133(6) of the Income Tax Act. Let’s break it down 👇 📌 What does the notice clearly say? The IT Department already has information that the person received: • ₹1,68,714 — Receipts from transfer of Virtual Digital Assets (Crypto) • ₹2,*8,064 — Winnings from online activities This data is linked to: ✔ PAN ✔ Assessment Year 2024–25 ✔ AIS (Annual Information Statement) Important point: 👉 The department is NOT asking whether you earned. 👉 They are asking you to explain it. That means they already KNOW. 📌 How did the govt get this crypto data? If you still believe “crypto is untraceable”, you’re lying to yourself. Data comes from: • Indian exchanges • KYC-linked platforms • Bank trails • AIS/TIS reporting • On-chain + off-chain matching Once PAN is involved, privacy is over. 📌 Why was this notice issued? Simple reasons: • Income received • ITR not properly disclosed or explained • Mismatch between reported income and available data Now the burden is on the taxpayer, not the department. 📌 Most dangerous myth people believe ❌ “I didn’t withdraw to bank” ❌ “I used DEX / foreign exchange” ❌ “Govt can’t track wallets” This notice kills all these excuses in one shot. If it’s reflected in AIS, you are already visible. 📌 What if someone ignores this notice? The notice clearly mentions: ⚠️ Penalty under Section 272A ⚠️ ₹500 per day till compliance Ignoring it doesn’t make it disappear. It only increases cost and trouble. ⚠️ Hard truth (no comfort talk) If you’re earning from crypto and: • Not maintaining records • Not understanding tax rules • Depending on Twitter gurus for tax advice #CryptoTax #IncomeTaxNotice #CryptoIndia #ITR #AIS #IndianCrypto #Web3India #TaxAlert



















