Reporting requirement of wazirx holding in schedule FA
This query is : Resolved
29 January 2025
I have been holding crypto worth less than 3000 INR in Binance just to try it out. I have reported that in schedule FA. I have a few paise(INR) in wazirx that I got when i sold some but I didnt take out a few paise. Does wazirx need to be reported in schedule FA as well? Wazirx is operated by zanmai which is registered in India, Since there is no guideline from the government what should be the approach?
29 January 2025
these queries are best decided based on actual documentary evidences. Given the number of queries you have related to your foreign assets exposure, I would really suggest that you engage a professional to review your documents and ensure proper disclosures in the tax return and elsewhere.
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