[Indian Tax Authorities Warn of Crypto Asset Regulatory Risks, DeFi and Cross-Border Platforms Pose Major Challenges] According to Cointelegraph, the Indian Income Tax Department (ITD) warned during a meeting of the Parliamentary Finance Committee that foreign exchanges, private wallets, and DeFi tools are exacerbating the difficulty of tracking crypto income, hindering tax enforcement. Although India imposes a fixed 30% tax rate on crypto profits and a 1% TDS on transfers, cross-border anonymous transfers make it 'almost impossible' to reconstruct transaction chains. The official stance remains cautious, despite the continued rise in local adoption.