On a related note, do you have to declare your bitcoin holdings in Schedule FA (Foreign Assets Declaration)?
According to a recent FAQ from IT dept, e-wallets need to be declared.
According to a recent FAQ from IT dept, e-wallets need to be declared.
This is something I was not aware of. Do you have some link on this?
I would argue that my bitcoins are held in India, and are not exactly foreign assets.
http://www.incometaxindia.gov.in/communications/circular/circular15_2015.pdf
please refer to pages 11-12