"We are looking at collecting information about modus operandi of bitcoin exchanges, investors, their source of investment and possibility of collecting tax", Ahluwalia told Reuters.
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 were reportedly armed with an assortment of software tools to capture exchange data, including "cloning and mirror imaging", and identified the accounts of a number of high-net-worth individuals.
A senior official from the tax department was cited saying: "Out of these, about 8-10 lakh [800,000-1,000,000] entities would be active for transactions".
Indian Tax Authorities Swoop in on Bitcoin Exchanges
The RBI has already cautioned users, holders and traders of virtual currency, including Bitcoin, about the potential financial, legal and security risks arising from the usage.
The regulators said they were also investigating cases from a year ago when large amounts of "black money" had been laundered using bitcoin during the demonetization process in the country.
"In the wake of significant spurt in the valuation of many Virtual Currencies (VCs) and rapid growth in Initial Coin Offerings (ICOs), we reiterate the concerns", RBI said in a statement.
The news comes after reports of the government having set up a cryptocurrency panel, which recommended shutting down dealers of these unregulated and decentralized currencies across the country. Finance Minister Arun Jaitley said the government does not recognize bitcoin.
Trump attacks reporter over already-deleted crowd size tweet
She said in a statement: " Dave Weigel relied on an inaccurate image in tweeting about President Trump's rally in Pensacola". I deleted the photo after @dmartosko told me I'd gotten it wrong. "Very fair to call me out", Weigel later tweeted .
The report takes into account the number of mental health providers, dentists, and doctors per 100,000 people in their state. Lower measures for smoking , salmonella food poisoning and immunizations among children were key factors in that decline.
Pennsylvania State Police told the outlet that the shooting involved a school employee and is being considered a murder-suicide. He found the food services worker and her estranged husband dead beside her vehicle . 01PSU AlertBR: Shots fired near Bistro.
Hence, the debate about allowing Sri Lanka an extra five runs would not have found acceptance with Dhoni well within his rights. When Rohit Sharma gets on the song, he does play one of the greatest of innings we've ever seen in limited-overs cricket.
Google , for example, booked €26.3 billion of global revenues here a year ago , paying tax of €163 million tax in Ireland. This moves comes after significant pressure and scrutiny from the US and Europe for its tax practices.
The Seagulls have failed to score a goal in the five away games they have played against sides now above them in the league. However, Juventus may not be the prospect they might have been in recent seasons.
Because of that, Jam City doesn't have to wait for warmer weather to launch their game as Niantic must do for Wizards Unite . While the action of Harry Potter: Hogwarts Mystery will be carried out within the game itself.
Protesters planned to rally at Ginowan City Hall Wednesday night to call for the withdrawal of USA military bases from Okinawa. The US military admitted that the object is part of a CH-53E helicopter that belongs to the Futenma base.
Arsenal boss Arsene Wenger has insisted that Olivier Giroud has not "wasted his time" in staying with the Gunners . Do YOU want to write for GiveMeSport? "We are pleased with this point because it's always hard to play there".
Veterans' service remembered through wreath program
It is with this in mind that this year's theme for National Wreaths Across America Day - Saturday, Dec. 16 - is "I'm an American". The event started in 1992 at Arlington National Cemetery outside Washington, D.C., and now has sites in every state.
Health Officials Say It's Not Too Late For Flu Shots
Rodriquez said that even if you get vaccinated in January, February or March, it's much better than not being vaccinated at all. Flu vaccination can reduce the risk of flu-associated hospitalization, including among children and older adults.
The Most Popular Google Searches of 2017
Globally, Matt Lauer was the most searched person, followed by Meghan Markle , Nadia Toffa , Harvey Weinstein , and Kevin Spacey . Last year's most searched terms included Prince, Powerball and Hillary Clinton, according to The Hollywood Reporter .
Late goal helps Madrid advance to Club World Cup final
Real Madrid manager Zinedine Zidane has targeted back-to-back Club World Cup crowns to kickstart his side's flagging campaign. Real Madrid were victorious in the Club World Cup last season, after beating Japanese side Kashima Antlers in the final.
Geminid meteor shower to appear in a sky near you
Stunning images show the meteor shower light up the sky behind an Orthodox church near the village of Zagorie in Belarus. The meteors are usually bright and easy to spot, so you won't need telescopes or binoculars to witness the show .
Ed Lee, San Francisco mayor, dead at 65
San Francisco Mayor Ed Lee with Fire Chief Joanne Hayes-White and then-Police Chief Greg Suhr in 2013. Lee, pictured at the Pride Parade in June, was the city's first Asian-American mayor.
Warning for ice and snow in North and East Yorkshire
Eurostar has warned of delays on both sides of the Channel, with speed restrictions in place because of the freezing conditions. It said no rail operators have announced changes to their planned Sunday services, but to check before travel.