Techub News reports that, according to Cointelegraph, the Indian Income Tax Department (ITD) warned during a meeting of the Parliamentary Standing Committee on Finance that offshore exchanges, private wallets, and DeFi tools make it more difficult to track taxable income from crypto assets and enforce tax laws. The ITD pointed out that crypto transfers are characterized by "anonymity, borderless, and near-instant" features, and when involving multiple jurisdictions, tracking transactions and identifying holders for tax purposes is "almost impossible." India imposes a flat 30% tax rate on crypto profits and a 1% TDS on transfers, but the overall government stance remains cautious.