Overseas crypto earnings of moonlighters under I-T lens
Published on: March 13, 2026, 12:51 a.m. | Source: The Economic Times
In several cases, individuals working in technology and consulting sectors allegedly received part of their compensation in Stablecoins or other cryptocurrencies that were parked in wallets linked with accounts outside India, in low-tax jurisdictions, sources said. The probe also flagged residents investing in overseas crypto exchange-traded funds (ETFs) through offshore brokerage accounts without reporting holdings or gains.
