A 70-year-old man from Maharashtra has fallen victim to a sophisticated cryptocurrency investment scam, losing Rs. 1.65 crore after being persuaded by an online fraudster posing as a friendly contact on social media. The scam began with a seemingly harmless online connection that gradually evolved into an investment pitch promising significant returns through cryptocurrency trading.… Continue reading Elderly Investor Loses Rs. 1.65 Crore in Sophisticated Cryptocurrency Investment Fraud
Tag: Maharashtra
Crypto Gains Fuel Tax Revenue Boom: Maharashtra Leads with Rs. 293 Crore in TDS from Virtual Asset Trades
India’s burgeoning cryptocurrency market is beginning to make a measurable impact on the nation’s tax coffers, with data for the financial year 2024–25 showing robust growth in tax deducted at source (TDS) on virtual digital asset transactions. According to finance ministry records presented in Parliament, crypto exchanges across the country collected a total of nearly… Continue reading Crypto Gains Fuel Tax Revenue Boom: Maharashtra Leads with Rs. 293 Crore in TDS from Virtual Asset Trades