Offshore Binance wallets under scanner as I-T dept acts against undisclosed crypto profits
- Posted on October 11, 2025
- By Business News Today
- 1 Views

Offshore Binance wallets under scanner as I-T dept acts against undisclosed crypto profits

Indian tax authorities are targeting over 400 individuals for evading taxes on crypto trades conducted on Binance. These individuals allegedly hid their profits from digital assets parked in offshore wallets, failing to disclose them in their income tax returns. The Central Board of Direct Taxes has directed investigation wings to report actions by October 17.