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    HomeHyderabadThree People in Hyderabad Sent to Jail for Tax Evasion

    Three People in Hyderabad Sent to Jail for Tax Evasion

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    Solana, XRP, and Dogecoin Experience Significant Drops in Value: Are Your Altcoins Secure?

    The post Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe? appeared first on Coinpedia Fintech News The global cryptocurrency market took a major hit today, with the total market capitalization falling 5.46% to $2.63 trillion. This sharp decline was triggered by a broad sell-off following U.S. President Donald Trump’s announcement of new tariffs on trading partners worldwide, sparking concerns about global economic stability. Bitcoin (BTC) led the downturn, dropping to $82,274.70—a …
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    Hyderabad: The Income Tax Department filed legal cases against three individuals — Aravalli Prabhakar Rao (son of Yadagiri), Gummi Narender Reddy (son of Ranga Reddy), and Kolan Jaipal Reddy (son of Ram Reddy). They were accused of trying to avoid paying taxes, which is a crime under Section 276C(1) of the Income Tax Act, 1961.

    These cases were presented before the Special Court that handles economic crimes in Hyderabad. After reviewing the evidence, the court found all three men guilty.

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    The judge ruled that the three had made investments using money from unknown or secret sources. As a result, they were each sentenced to one year in prison and ordered to pay a fine of ₹50,000.

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