The Income Tax Department on Wednesday conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, official sources said.

They said various teams of the sleuths of the department, under the command of the Bengaluru investigation wing, today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning.

The survey, under section 133A of the Income Tax Act, is being conducted for &quot;gathering evidence for establishing the identity of investors and traders, transaction undertaken by them, identity of counterparties, related bank accounts used, among others,&quot; they said.

The survey teams, sources said, are armed with various financial data and inputs about the working of these exchanges and this is the first big action against them in the country.

Bitcoin, a virtual currency, is not regulated in the country and its circulation has been a cause of concern among central bankers the world over for quite a while now.

The Reserve Bank of India has also cautioned users, holders and traders of virtual currencies, including bitcoins.

In March, the Union finance ministry had constituted an Inter-Disciplinary Committee to take stock of the present status of VCs both in India and globally and suggest measures for dealing with such currencies.

Bitcoin is not regulated in the country and its circulation has been a cause of concern

The Income Tax Department on Wednesday conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, official sources said. They said various teams of the sleuths of the department, under the command of the Bengaluru investigation wing, today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning. The survey, under section 133A of the Income Tax Act, is being conducted for "gathering evidence for establishing the identity of investors and traders, transaction undertaken by them, identity of counterparties, related bank accounts used, among others," they said. The survey teams, sources said, are armed with various financial data and inputs about the working of these exchanges and this is the first big action against them in the country. Bitcoin, a virtual currency, is not regulated in the country and its circulation has been a cause of concern among central bankers the world over for quite a while now. The Reserve Bank of India has also cautioned users, holders and traders of virtual currencies, including bitcoins. In March, the Union finance ministry had constituted an Inter-Disciplinary Committee to take stock of the present status of VCs both in India and globally and suggest measures for dealing with such currencies.

I-T dept conducts surveys at Bitcoin exchanges country-wide

The Income Tax department has slapped Arvind Kejriwal&#39;s Aam Admi Party (AAP) with a Rs 30.67 crore tax notice, citing that the party did not disclose income worth Rs 13 crore.

The IT department also pulled up the party for not recording full details of 462 donors who donated Rs 6 crore.

The detailed notice lists the donors who have made donations of more than Rs 20,000 to the party.

The tax assessment notice for financial years 2014-15 and 2015-16 has pegged the AAP&#39;s taxable income at Rs 68.44 crore. According to the notice, the political party failed to disclose donations worth Rs 13 crore.&nbsp;

The notice may spell trouble for the party which has come to power with an agenda of transparency and cleanliness.

The detailed notice lists the donors who have made donations of more than Rs 20,000 to the party

The Income Tax department has slapped Arvind Kejriwal's Aam Admi Party (AAP) with a Rs 30.67 crore tax notice, citing that the party did not disclose income worth Rs 13 crore. The IT department also pulled up the party for not recording full details of 462 donors who donated Rs 6 crore. The detailed notice lists the donors who have made donations of more than Rs 20,000 to the party. The tax assessment notice for financial years 2014-15 and 2015-16 has pegged the AAP's taxable income at Rs 68.44 crore. According to the notice, the political party failed to disclose donations worth Rs 13 crore. The notice may spell trouble for the party which has come to power with an agenda of transparency and cleanliness.

IT dept sends Rs 30.67 crore notice to Kejriwal's Aam Aadmi Party

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I-T dept conducts surveys at Bitcoin exchanges country-wide

IT dept sends Rs 30.67 crore notice to Kejriwal's Aam Aadmi Party