New Delhi, June 14 -- Central Board of Direct Taxes (CBDT) is presently investigating tax evasion and laundering of unaccounted income by high-risk persons through investment in crypto currency, a person informed about the development said on Friday.

The direct tax authority identified persons and entities which dealt in virtual digital assets (VDA) but have failed to comply with the Income Tax Act, for verification, said the person who spoke on condition of not being named.

Data analytics has shown that a large number of personshave violated provisions of the law by not filing schedule VDA in income returns and by offering tax on the income earned at lower rate or by claiming cost indexation, the person said.

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