Deep潮 TechFlow News, January 8th, according to Cointelegraph, the Indian Income Tax Department (ITD) issued a warning at the recent parliamentary Finance Standing Committee meeting, pointing out that offshore exchanges, private wallets, and decentralized finance (DeFi) tools may make tracking cryptocurrency income "almost impossible." Tax officials emphasized that the "anonymous, borderless, and near-instant" value transfer characteristics of crypto assets allow funds to bypass regulated financial intermediaries.

Although India currently imposes a flat 30% tax on cryptocurrency gains and levies a 1% withholding tax on all transfers, reconstructing transaction chains involving multiple jurisdictions still faces significant challenges. Industry insiders note that the current tax framework does not recognize trading losses, resulting in "friction rather than fairness."