Post
Topic
Board India
Topic OP
Anyone Got Income Tax Notice for Trading on Binance?
by
wtfisbitx
on 07/05/2022, 04:39:11 UTC
On some Indian telegram groups about crypto people are complaining they got notices from tax authorities AFTER filing Income tax, almost all of them purchased crypto using bank acc via local exchange like WazirX, CoinDCX etc.. i am just curious if anyone got notice in india for trading in binance.com? i've heard some indians have huge sums on their binance account which the earned by trading and haven't disclosed it and many investors have small holding on binance which they don't intend to disclouse too. Binance's official statement is that they don't share lumsum data of indian users with government but i think that's BS they will most likely give all the data to government soon enough.