Income Tax Return filing for Cryptocurrency 2023-24 | Tax on Crypto | TDS on Crypto | Crypto Tax
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- čas přidán 22. 08. 2024
- Tax on Cryptocurrency is announced in India and this year named as Virtual Digital Asset. in 2023 Income Tax return of Crypto is to be filled according to new rules of income tax applicable for FY 2022-23 and AY 2023-24, in this video below is discussed
Tax on Crypto
TDS on Crypto and Refund
ITR 2 filing of Crypto
ITR 3 filing of Crypto profit or Loss
visit www.legalsahayak.com for paid services of ITR filing
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What if i gained profit but didn't withdraw to bank, and i invest it again to another coin and now i am in loss, so should i have to fill itr ., but about my tds is which deducted by exchange more than 25k,, so what should i have to do
mam ji tax 3400 or tds 3400 kya fir be tax pay ya nahi income 1lak below
agar indian exchange TDS kaat sakta hai tho tax b kaatke government ko dena chaye baat katam .. itna tension kaun palega
sahi baat hai, kya ye headache hai ab kab kitna buy sell hua ek ek kar ke bharo, job karu ya yehi sab chij mei lage raho
If a person has done trading in multiple coins and in multiple days so do we need to fill the data as per every transaction?
Yes I think so
How to file itr?? I got only very small profits from different foreign exhange annually..
....we don't have any details of foreign trading...is there any issues will come on future??
@@jyothianoop8999 file ITR 2 for the same, whether any issues come it depends on the IT department if they ask thamey will or if they don't they'll don't
@@qaisahmed3024 I don't know to fill itr form bcoz i dont know exchange details or pan details of other and I don't keep any audit reports..I don't have any businesses or other income..I just started trade and mining for not like business ....
Is filing itr mandatory for small gainers??? Below 10000 rs annual income profit from all these online mining and coins....
Truly you are doing wonderful job. Keep it up. God bless you always.
BJP ki financial minister mind se bilkul half mind,मानो अनपढ़ हैं
Nifty, bank nifty f&o kaise show karte hai, turnover kaise calculate karte hai espar bhi ek video banayiye madam plzzzzzzzzzz🙏🏻🙏🏻🙏🏻🙏🏻
crypto tax lane se phele government ne CA Ka training dena chaye tha crypto traders ko taki tax bara jaa sake..
Thank you mam for sharing your knowledge with everyone. I have learnt many of the things from this channel.
I had 1lac as capital, i wanted to become rich.
1. I bought Matic at 1 lac, sold at 2lac = profit of 1 lac.
2. Bought Matic at 2 lac, sold at 1 lac, = loss of 1 lac.
Total capital remaining = 1lac, Profit 0, Loss 0
I did 50 such transactions.
Now I still have a capital 1 lac, overall profit 0, overall loss 0.
But my tax implication is 30% on 50lacs, = 15lac. I'm poor, how can I pay this much tax??
😂😂😂 poor tax payer
They want money from the rich, they know that filling case against the poor isn't worth it, if you're in loss, don't worry About paying taxes
Thank u mam, kab se wait ker raha tha, pure ka pura 45 rs ka tds kata hai. Refund to le k rahunga. 😤😤😤
Mam 1% tds total selling value pe lgta h, aur 30% tax profit pe, suppose i brought crypto for 50000, tds gaya 500, profit mne book kiya 1000 , 30% of 1000 is 300, yha to merko 200 rupee ka refund milega na
Nhiii
TDS refund ho jayega..... Jo 500 h
Profit 1000 ka h to 30% tax lgega or 10% surcharge lagega profit pe and inko total krne k baad jitna amount aayega 300+100=400....
400 is amount pe 4% cess lgega.....
yes
@@kkforever8788Maine tds nahi bhara saal bhar,aur abhi 30000 ka tax bata raha hai acc to 30% aur kya usme se rebate bhi minus hoga acc .to tax slab.?pls tell.
@@tanmayambre4109yes rebate 12500 minus hogi if total income upto 500000
@@kkforever8788surcharge 50 lakh se uper per lgta h 😅
Legal nahi kiya hai par tax laga diya gaya hai ? What a joke imagine paying tax on home made daru[liquor]😂
Mam if my tax is less than 1000
Do i need to file ITR
Because 87a gives 12,500 rebate
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Same here 😊
Hello , I have an question, I trade in USD(s)future perpetual of different coins. My basic invest is 4 USDT and take 100* leverage that's why the margin becomes 400USDT, after that, I take decision to buy/long or sell/short that trade as per market goes, after some time I see watch a profit of 100% so close the trade and book my profit and my basic invest becomes 8 USDT. In this scenario
1) Will any kind of TDS be charged here? If yes then what about the percentage ? Do I have to pay the TDS amount instant there or it will automatically be deducted from my basic investment, or I will have to pay it in the time of ITR filling.
2) As I book a profit of 100% , and my 4 USDT becomes 8 USDT, so what capital gain tax percentage rate will be charged here? do I have to pay the capital gain tax immediately there, or it will be deducted from the investment or I have to pay it during ITR filling.
Please , answer these two quarries of mine.
Hello mam non salary person hu and maine last time itr 4 bhar tha nil return lekin is baar mainen share market buying selling kiya and f&o me trade kra h and cyptro Currancy me invest ka tha thoda profit hua tha toh me koun sa itr bharunga
Madam, agar har month sirf 100 rupay ki crypto trading ki h aur TDS kaata h 12 rupay poore saal ka, profit poore saal ka crypto trading me 50 ruppalli bhi nahi h to bhi kya ITR 3 he file kar k ise dikhana mandatory h agr koi aur refund claim karne k liye ITR file kar rahe h to ya ITR 4 bhar sakte h. Please answer.
1 video i saw on youtube that explained live. ❤❤
Mam, if we choose VDA as business income then the tax rate will be 30% or slab rate?
Got answer?
Mam aap se bhoot kuch sikhne ko mila thanku mam❤ but mam meri 1 dikt h mam mai future trading krta hu btcusdt mai global exchange pai to mai tds nhi dena chata kyuki mai levrage ka use krta hu to mera to tds profit se bi double triple hi jaye ga ha lekin mai jitna bi pisa kmata hu crypto se mai us pai 30/ tax de skta hu chahe 31/ le lo lekin tds nhi to mam meri help kre kuch. Mam ab to aap se hi umeed h 😢🙏
Mam agar purchase hi na ho toh matlab free airdrop Mila ho aur usse sell kar ke profit book Kiya ho toh uspe bhi tax hai?
Yes
Trading in crypto outside India is also taxable, but TDS is not deducted automatically, what should we do? Could we fill itr 3 whitout TDS.
Aap galat bol rahi hai Tax sirf Capital gains pe na ki Capital Loss pe . Capital Gain minus Capital loss minus Investment =Taxable .Aur ak t Aur 7 lakhs k niche cincome to zero tax
Mam
If there is only loss in crypto during the financial year, are we liable to reflect the transaction or should we leave that without taking it into the consideration.
Kindly Guide.
Great tutor
Tnqs alot
After filling the data error shown - Total of values in table F8 in sheet CG for capital gains on tranfers of VDA taxable at the rate of 30% is not equal to value mentioned in schedule SI
Madam
I have purchased virtual asset(crypto in the financial year 23-24. But it still holding. TDS already collected. How I can show these transactions in ITR3 of financial year 23-24
nice mem awesome knowledge
Thank you
Madam ji, main saliared personal hu, aur wazir x main trading kiya hai, kis itr main bharna hai...
Madam, What is the tax rate on income generated from profit on investment in US Stock from India ? and Where to say in Income Tax Return ?
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Good video 👍
Tanq Madam, Very Very Imp Information
I have one doubt, how goverment will know we added correct detail whatever our profit and so on. It is just like blindly.
Ma'am maine ek exchange se usdt 205x87.20 = 17876 buy kar ke dusre exchange pe sell kara tha Jishme 5 dollars transfer fee lagi thi baache 200x90=18000 Aashe hi maine multiple trade kiya hai , Mere ishme doubt hai ki transfer fee pe bhi tax lagega kya ? Please solve this problem 🙏
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Bahut aachha laga.
Mam mujhe income tax, tds, gst sob kuch kaam sikhna hai. Is it possible mam? Please advise me mam.
Thanks for sharing this
Thank you very much madam 😊
194O income from online gaming ko kaha report karey ITR3 mein
Please upload one video on this
She missed the main point, agar main dn main 10trade leta hu at the end of day mera chota mota gain hota hai but usse zyada maine TDS pay Kiya hota hai ab agar kalko main tax pay krunga to Mera TDS tax se zyada hai to bacha TDS amount claim kaise kare??
Madam mene 22-23 year mah crypto mah sirf 20 thousand ki trading ki hogi aur ye coindcx walo ne mere AIS statement mah 450000 ki income show kardi hain? What should i do now??
agar trading ki ho aur entries jyada ho to data kaise fill krein ?
Ek fy mai agar 4 different coin buy sell Kiya hai toh consolidated buy and sell price daalain ya hur individual trade ki details. It return ke vda account mai? Like ek coin ke 10 trade hai buy and sell ke
My total investment is around just Rs. 3500. Do i have to pay tax if i am just holding crypto and not doing any withdrawls?
No need
I sold a house property in December 2021 and deposited capital gains in Capital Gain Account before due date and purchased a new house property in march 2023 and withdrew the entire amount from Capital gain account. My question is whether to show this withdrawal and utilisation from CGAS needs to be shown in ITR 2? if yes where to show these transactions in ITR 2?
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
crypto ke sath freelancing hai kaunsa ITR file kre
Mam sirf crypto purchase ke hai but usse sale nhe ki hai or 194S 1% tds cut Gaya hai to muje kya karna chiye please bataiye
Hi Mam, I need your advice on TAX on crypto buying. I bought VET from coinswitch using INR. And as per governement rules, you dont have to pay any tax on crypto buying using INR. But in backend coinswitch first bought BTC and swap it for VET, and paid 1% TDS on my PAN card without my confirmation. Now my CA is telling me to show capital gain for BTC. But why should I show capital gain on BTC when I haven't bought or sell BTC. Also all my transactions for FY 22-23 are buy transactions. My CA is telling me to tell coinswitch to delete TDS entries since I haven't sold anything. Please advice me on this matter what to do?
Kya overall ek sath entry nahi kar sakta, ek ek karke karne ke bajai.
Mam 01-04-2022 crypto suru hota h to coin ka rate 1 April ko kya tha usko hi coin ka purchase price maana chaiye na rule ke according
Mam maine third party wallet se kuch coins exchange me transfer kiye fir exchange se INR bank me transfer kr diye... exchange ne under 194S 1% tds kaat diye....is 1% ko khan show kre?
194JB and 194S.. Which itr form want select please guide me madan
I have purchased same coin in multiple dates and sold it in partially in different dates also. Then how to fill this form please suggest
jitna transaction hua hai woh sb bari bari se dalna pdega kya date or tds dalne wala to nhi btayi mam
Thank u so much mam
Mama total purchase or sale ek baat m hi daal sakte h ya fir day by day details dalna padega
Sale purchase ki date ke according add kar sakte hain
more than 4k trades ki hai as a p2p , how to show them all
Kuch binance se ki hai kuch personal clients se p2p
If I buy crypto from cards, then who will deduct my tds, bank or I will have to fill my tds by myself.
Brother From Which Bank Card Did You biy crypto?
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Maine 2022 me crypto kharida aur 2022 me hi sell kiya to financial year aur assessment year kya dalna rhega please bataiye?
Itr 3 online or offline dono mai se konsa bharna chaiye or tds kisme jaldi vapas aata hai
New tax regime me standard deduction (87a) highlight nhi ho rha
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Mam, If consultancy income received in crypto currency (and not sold/realised that crypto currency) then how to report mam.
But what if we bought multiple crypto coins in single day and had different profits and losses how to fill these details in form
according to date of purchase and date of sale consolidated summary bana lijiye
Maam mujhe total 1800 dena tha crypto tax mei
Uske bad jab mai bharne gya to rebate ke bad tax payable mei 0 dikha ra hai .
To mjhe tax ni dena kya
Bhai mujhe bhi same cheez janni hai
@@sarkarimemer6185 brother , I tried to give
Rebate mil jata hai 12500 ka to apko 0 tax bharna hai agar 12500 ke niche tax dena h to ..hum logo ko ni Dena hai chill 🙌😊
@@MillionaireMindsetBooks toh rebate milne ke baad jab 0 tax show hota hai toh uske aage kya karna hai
@@sarkarimemer6185 kuch ni krna h iska mtlb tax ni dena h
Brother maine sirf ek baar invest Kiya tha crypto me and usme mujhe around ₹3k ka profit huya tha. Aur tax huya ₹900 And ye amount ₹12500 se kam hai and meri yearly income ₹5lakh se kam hai. Toh mujhe itr bharna padega kya ??
Also, maine around 1 month ke liye USDT stake Kiya tha Binance pe, uske upar bhi tax lagega kya ?
Madam mere 26 AS form me suncrypto me sell value 1300000 Rupees se adhik dikha rha jab ki mene only 3800 Rupees ki h sell ki h... Or TDS b 13000 se adhik cut dikha rha jabki mere suncrypto account me 9 rupees ka TDS dikha rha h
Tax is 0 then what will be option there instead of pay option?
Offline itr filling safe hai ya online itr filling in vda
Kuch CA bolte hai ki itr2 offline hi aata hai
Online hota hai
Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours
Maam if any person winned the crypto from crypto betting website 40 lakhs so the person will give full 30 % tax but is it legal or government put question from were you get that money when give tax
Mam small doubt h mein crypto currency mein investment kiya par becha nahi hold kar raha hu kya mein income file karne time pe ye crypto currency ko kaise dhikana mam?
Thanks for the very good advice mam ❤❤❤
Mam Agar Digital Asset se Total Earning 50k hai iske Alava Other koi Income na Ho to Kitnq Tax Pay Karega padegaa please Answer
Cost of acquisition nhi bta rha..so kese decide kare?
Madam Mera TDS refund nhi hopara hai.... What to do. Vda m gain daal diya sare schedule select krkr daal diye... Not showing refund of TDS.... Answer please
क्रिप्टो का लॉस क्रिप्टो मे सेटाफ नही करेगी सरकार तो क्या घर से कोई टैक्स देगा क्या टैक्स वित्तीय वर्ष मे लगना चाहिए ट्रांजक्शन पर नही साल के वित्तीय वर्ष मे प्रॉफिट का 30 परसेंट।।
अब आप ही बताये किसी ने एक लाख का बिटकॉइन खरीदा 2 लाख का बेचा फिर उसी दो लाख का इथर कॉइन खरीदा वो 50 हजार का रह गया अब यहां डेढ़ लाख का नुकसान यनि मूलधन मे 50 हजार कम अब आपके हिसाब से बिटकॉइन पर एक लाख का प्रॉफिट हुआ था 30 हजार टैक्स दे
दे अरे मैडम मूलधन ही 50 हजार रह गया उसमे से 30 हजार दे देदे तो ट्रेडर इन्वेस्टर तो बर्बाद हो जाएगे।।
Maam jab maine itr bharne geya tha maira TDS 3200 show kar raha hai or maine bahat trade kya tha wazix pai trading 320000 show kar raha hai income tax pai, magar maira tu 23,200 profit hua tha, abhi mujhe kya tax pay karna padega kia ? Plz batao
If these crypto are bought and sold on same day
Namaste ma'am
Muje salary income
Business income
Crypto income hei
Muje kon si ITR barni hogi
Kindly guide me
Itr 3
mining karke profit hone ke bad itr kese file katen please vedio banaen
Mam agar same crypto ke part ko alag alag day sale kiya ho to alag alag entry dikhani padegi ya gross entry chalegi?
मैंने जब क्रिप्टो को sell किया तो कोई profit नही हुआ लेकिन पूरी sell value फॉर्म 16A में है जिस पर 1% tds लगा है ये sell value मेरे ITR फॉर्म में income from other source में भी है इसका क्या किया जाएगा
Mam, same coin ke profit & loss set off kr skte h kya . please reply
Mam, I have bought crypto of INR 30000 through OKX .Do I need to fill form 26Q to deduct TDS .if yes, then how? Secondly if I do not sell the crypto from profit and transfer the asset, then should I need to show any income while filling the ITR?
Profit book kiye ho
Mam mera client crypto me foreign se apni business payments krwata h or firr use INR me convert kr leta h apne account me.
To ye to uski business income ho gyi, but is case me date & amount of acquisition kya rhega?
Is it compulsory, to file itr for 2021 trades profit, or not.
Because I don't trade in 2022 and 2023.
If I don't file for it 2021. I don't have to pay penalty.
Because I don't have much capital. Or should I have to fill 2023 nil returns .
Please reply fast, the date is near.
Should I need to add the total amount received from crypto exchange in total salary income?
Ver nice.
Mam AIS is showing no data,it is not updated?,it,s 12 th June,should we file or wait for updated AIS,PLS Guide.
Mam TDS ko har mahine wapas mil sakta hai kya
Is there option of VDA in itr 1 also
No
Maam how i pay tax on my crypto betting website winnig by gambling crypto transfered in my crypto wallet so how i pay tax is it legal
Because there is option when we pay tax buying crypto and pay tax on profit i dont buyed it i won it and simply transfered to my crypto wallet
Hello mam,
I got crypto as a referral commission from the Indian exchange.. I converted it to another crypto and transferred to my wallet. Never made any INR profit. No INR transfer to account.
But TDS deducted Rs 2000. Can I get refund of this TDS? Do I have to file any tax if no INR made?
Ma'am form 10 E ke bare me b batao please
With live example
Covered in our course only
very nice
Didi kuch log bol raha ha agar ham binance ia international exchange sa P2P kar raha ha and amount chota ha jaisa 1-3k, tab tds na dana pa bhi zayada kuch nahi hoga ia sachi ha ki jhut.
Mam aap online service provide karte hain kya..?
sir sirf profit transaction show kr skte hai ki loss transaction bhi show krne pdenge
Mam I have bought Matic ans sand coin approx 300rs by Inr on Feb 22 only not selling this coin but CoinDcx exchange cut 1% which was shown at 26as How is it possible??? Only by with Inr not sold but 1%Tds tell me mam????
Agar capital gain hi naa hua hai and only loss mein sell kiya ho.. to konsa ITR bharna hai salaried ko? ITR1 or ITR2?
ITR 2
प्लीज बताने का कष्ट करें अकाउंट में inr विड्रोल करने पर टैक्स देना पड़ेगा
Hlo mam ek chota sa qution h mene core coin mine kre the unkw widrow ke wakt ek core value 5 dollar thi pr jub mene unhe sale kra to vo ek dollr se kam ke the or meri annual income 2 lakh se kam h me student hu to kiya mujhe tax pay krna hoga mene un core coins ko 3900 me sale kra tha so plz batao ki Kiya mujhe tax pay krna joga
Madam Mera profit 1- lakh se kam hai kya Mujhko Fir Bhi tax bharna Padega
Mam 164.64 cost of acquisition consideration recieved 169.37 mai esko decimal mai nhi bhar pa rha kya kro without this mismatch hota hai kya kar sakta hu
What If i am not salaried not having a business but took loans and invested in crypto.. should i file itr2 or itr3 and is it possible to file an itr in cases like mine ?