India Uncovers ₹29,208 Crore in Hidden Assets, Intensifying Crypto Tax Drive

India’s tax drive has unearthed significant hidden assets, including ₹29,208 crore in unreported foreign holdings. This crackdown on tax evasion follows increased disclosures of overseas assets by taxpayers and a surge in voluntary reporting under the 2024-25 assessment year. Authorities have identified this considerable sum, alongside ₹1,089 crore in foreign income from a campaign encouraging compliance across both traditional and digital assets.