<h1>Crypto Investors Warned: Undeclared Digital Asset Transactions Trigger Tax Scrutiny Under Section 115BBH</h1> The Income Tax Department has sent emails to thousands of individuals with unreported cryptocurrency transactions for assessment years 2023-24 and 2024-25. The department suspects potential tax evasion and money laundering, targeting those who have not properly declared crypto income. Under section 115BBH, a 30% tax rate applies to crypto transfers with no expense deductions or loss set-offs. The communication is part of a NUDGE campaign to encourage voluntary compliance, with potential further verification of tax returns against exchange records.