Crypto too now under I-T search rules
The definition of “virtual digital assets” (VDAs) has been expanded in the new Income-Tax Bill. It will now include “any crypto-asset” it said, as these are digital representation of value that relies on a cryptographically secured distributed ledger.
The definition of ‘undisclosed income’ for the purpose of search and seizure proceedings, has been widened to include VDAs. These changes were announced in the 2025 union budget.
