Re: I-T department conducting surveys at Bitcoin exchanges

In today's newspaper I read that Income Tax department is going to send notices to 4-5 lakh high level traders who have traded Bitcoins at popular exchanges.
http://www.businesstoday.in/current/economy-politics/bitcoin-income-tax-notices-4-lakh-hnis-tax-evasion-cryptocurrency-digital-money-tax-fraud/story/266264.html

This comes after IT officials conducted surveys at 9 popular Bitcoin exchanges in India last week.

Let us know if anyone here receives the notice Tongue

So how many people have received tax notice from the IT dept and do we have anyone reporting here the details of it?

I happened to see one of the notices, sent to a trader. Not sure who, but I heard that this was on some traders group on whatsapp.
Noticed 28 or so questions on it, mainly regarding assets, crypto, public keys where other crypto is held, explanation of how purchased, etc.

Lots of requests on Coinsecure for audit reports and details of transactions from users themselves, so I do think this is quite widespread.

Thanks for the update. As per you, what seems to be the profile of the person getting the notice?
Who is HNI?
Who is "large volume" or "active" trader?
If a person buys BTC in 2017 and does not sell in currency is he liable to get a notice?