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Kevin Helms

India Sends Section 148A Reassessment Notices to Crypto Traders Over FY 2021–22 Reporting

India's tax authorities are issuing Section 148A notices that may reopen earlier crypto-related filings, with many cases tied to financial year 2021–22. The alerts can be triggered when automated systems treat trading volume as income or detect mismatches across exchanges, PAN-linked KYC, bank transfers, and tax returns. Koinx says the flagged figure may be an estimate rather than actual profit, and responses with complete records can determine whether reassessment proceeds.
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