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, FTX, ByBit or Coinbase? i've heard some indians have huge sums on their offshore crypto exchange account such as binance, coinbase etc.. which they earned by trading and haven't disclosed it and many investors have small holding on binance, coinbase, ftx. etc.. which they don't intend to disclose 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.
WazirX, informed about the tax that has been set by the authority via gmail, Binance too, but I'm not serious in responding to the tax, I think as long as it doesn't have a big impact on my trading and earnings, I don't care, just do what the authorities want to do.
