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- 💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
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Tari is a Rust-based blockchain protocol centered around digital assets.
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
India Uncovers ₹29,208 Cr in Hidden Foreign Assets
India’s tax drive uncovered ₹29,208 crore in hidden assets and ₹1,089 crore in income as more taxpayers came clean.
Authorities found ₹630 crore in unreported crypto earnings and issued 44,000 notices using AI-backed monitoring tools.
Himachal court denied bail in a ₹2,000 crore crypto fraud case affecting 80,000 investors, citing serious social impact.
India’s Finance Ministry has made a major breakthrough in cracking down on undeclared wealth for the 2024–25 assessment year. Through the Central Board of Direct Taxes (CBDT), authorities identified ₹29,208 crore in hidden foreign assets and ₹1,089 crore in foreign income
The discoveries came after 5,483 taxpayers filed belated returns disclosing overseas holdings previously left unreported. The move marks a push to tighten tax compliance across both traditional and digital assets.
Besides these late disclosures, a wider compliance campaign launched on November 17, 2024, encouraged voluntary reporting. Consequently, 30,161 taxpayers declared the same ₹29,208 crore in assets and over ₹1,089 crore in additional income
Overall, the number of taxpayers reporting foreign holdings rose to 2.31 lakh—up 45.17% from the previous year’s 1.59 lakh. This surge reflects both stronger enforcement and rising awareness of tax obligations.
Crackdown Extends to Crypto Earnings
Additionally, the Finance Ministry has intensified its focus on unreported income from virtual digital assets (VDAs), including cryptocurrencies. Recent audits uncovered around ₹630 crore in undisclosed crypto-related earnings. Minister of State for Finance Pankaj Chaudhary confirmed that over 44,000 enforcement notices have been issued to suspected under-reporters.
Moreover, authorities are using advanced tools to catch tax evasion. The CBDT’s Non-Filer Monitoring System (NMS) and Project Insight now leverage artificial intelligence to cross-check VDA transactions against tax filings. Hence, discrepancies are flagged quickly, reducing the room for manipulation. This integration shows India’s move toward data-driven and technology-backed tax enforcement.
Legal Action Against Crypto Fraud
Meanwhile, in a separate case, the Himachal Pradesh High Court denied bail to Abishek Sharma, linked to a ₹2,000 crore crypto fraud. The scheme, worth $240 million, allegedly targeted around 80,000 investors in Himachal Pradesh and nearby states.
Justice Sushil Kukreja cited the seriousness of the offense and its potential long-term social impact. Sharma, a close associate of prime suspect Subhash Sharma, has been in custody since October 2023. The main accused is believed to have fled abroad.
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