Complete Guide to ITR Filing for Crypto & NFT Transactions | AY 2023-24 ft
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- Опубликовано: 8 июн 2023
- Welcome to our channel! In this video, we provide a comprehensive guide on how to file your Income Tax Return (ITR) for Crypto and NFT transactions for Assessment Year (AY) 2023-24. As the popularity of cryptocurrencies and non-fungible tokens (NFTs) continues to grow, it's crucial to understand the tax implications and properly report your transactions to stay compliant with the law.
In this video, we cover the following key points:
Overview of the taxation rules for cryptocurrencies and NFTs in AY 2023-24.
Understanding the different types of transactions and their tax treatment.
Reporting requirements for crypto and NFT income, including trading, mining, staking, and NFT sales.
Deductions and exemptions available for crypto and NFT activities.
Step-by-step instructions on filling out the relevant sections of your ITR form for crypto and NFT transactions.
Common mistakes to avoid when filing your ITR for crypto and NFT activities.
Resources and tools to assist you in accurately calculating your taxable income.
Filing your ITR for crypto and NFT transactions can be complex, but with the information provided in this video, you'll gain the knowledge and confidence to navigate the process effectively. Stay compliant and ensure your tax obligations are met.
Don't forget to like, share, and subscribe to our channel for more informative content on taxation and personal finance. Disclaimer: The information provided in this video is for educational purposes only and should not be considered as professional tax advice. Always consult with a qualified tax professional for personalized guidance regarding your specific tax situation.
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Very good explanation Sir, thank you very much for your time spent ...it's very helpful
🎉thanks for knowledge session
Much needed video sir. Thank you
Thank you sir
you make a long video but detailed and coverd all points, great explanation. I like your videos. thank you
Sir, me spot me trade karta hu.yaani ki crypto acquire and then sell. Suppose sum of total profit is 110,000 and sum of total loss is 85,000 total tds deduction is 20,000 in over 200 trades. How much tax I have to pay????? Can I show it as my business income???if possible, how I can setoff these losses and gains???
Sir your knowledge next level
VERY GOOD EXPLANATION SIR JI
Can u suggest me that if the exchanges cut the commission in the form of crypto, then it is allowed or not
Sir mera tax 1000rs rupay se kam hai aur rebate 87a ke baad 0 payable tax h
Should I file ITR or i can skip?
What if i got crypto as a reward i.e i have not made any purchase transaction anf i have redeemed it ? Am i liable to taxation in that case
I casually render professional/technical service to a company. The company gives me monthly payments & Form 16A. AIS shows it as Business receipts. I don't want to opt for Sec 44ADA as my income is < 2.5 lakh. Can I show my Income under Other sources of ITR-1?
Sir 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 🙏
sir if client not give us more details other then ais detail then what we can do. how to report.
Is it compulsory to add losses in virtual digital asset section for the purpose of matching 26as form
Sir investing na Kiya ho matlab free airdrop claim kar ke sell kar profit book Kiya ho toh uspe bhi tax lagega
Sir VdA income + Professional income par tds kta hai toh kon ka. ITR filling krange.
Sir, selling amount including TDS or not ???
Q. Same crypto ko do alag alag date pr kharidne pr kaun sa date of acquisition hoga?
Sir mai toh student hu salary b nahi hai kya schedule vda hi select karne se nahi hoga ?? Please reply bus crypto ka tax barna hai or kuch nahi ... Under slab mai hu esliye
Could you please create a video showing how to file itr for income from profit share in an llp partnership ( to be more specific investment made on growpita platform) which offer exemption under section 10(2A). Thanks
Sir digital marketing service India se bhar dete h aur wha kuch client crypto m payment krte h to kase dikhaye AIS m 194s m aa rha hai
Mujhe 20000 ki crypto gift me mili. Kya is par bhi tax lagega,,? Kis regime me lag saktaa hai . Pls
Osm
Hello bhai apse ek ques hai jese mere friend n muje 8 lakh k crypto transfer kiye aur m use sell krunga to muje tax pay krna padega kya please bataye
Mujhe 1 airdrop mila tha jise maine kukoin me sell kiya. Jisse mujhe 3000 ka usdt mila maine use trust wallet bheja. Ok aur fir use maine coindcx me bheja taki usdt ko sell karke inr me le saku. To ab jab mai ITR file karunga to tab mujhe jo hai Kukoin aur coindcx ki trade History dikhani hogi. To ye alag alag count hoga ya ek hi me count hoga.
Gud evening sir
Sir, your gst,itr,tds course for life time access and unlimited views?
Sir rario d3 game ,Jo ki cricketers ke virtual playing cards hain,Jo nft ke form me hain. Mene usme cards buy kiye aur game me lagaye,kuch sale bhi kiye. Ais me sale cards amount show ho rhi .AAP iske upar ek video bana dijiye plz.
agar 1 currency me 15 times trade kiya hai usme kabhi profit hua hai kabhi loss vo loss adjust hoga
👍
Standard Deduction 50000 milega na to salary ka to rebate mil jayga na
payment to hmko bs vda ka hi na karna hoga
Hello sir, i have to give 1500 tax crypto tax , what to do . I am student, should i ignore crypto tax , is income tax department can send notice ?
12500 ki tooh rebate mil rhi h
@@lokeshsinghshah yes bhai
@@lokeshsinghshah bhai TDS wapas kaise len
Chahe tax banta ho ya na banta ho...tax ki filing karni mandatory hai....else notice ayega
Hlo bro Please Help kro... Ye bolo ki Agar Meri Total Transactions 500 hai... Ek saath Kaise Add krni hai .. agar koye Video Clip hai tou vo bejo plz
Mene 34 lakh ke crypto tax nahi diya hai qke me international exchanges me trade karta hu or profit withdraw dubai ke account me hota hai 😅 no need to pay taxes
bhai aap nei toh sarkar ko hi topi pehna di hahaha
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
Nahi dena
I tried to file but after choosing assessment year there is one more filing section like modified return and updated return which one to choose
23-24 ka hi file hoga abhi 1 April 2024 se
If any NRI will buy crypto from international exchange through NRE account then he/she will pay 30% tax and file tds also
Please suggest me regarding this.Thank you
crypto staking income ko kha show krengay?..
Ary issue tax calculation ka nahi h issue ye h ki p2p traders jo 500-700 transactions krdete h vo kaise har ek transaction mention krey kioki phele toh usdt ko 1-3 rs ke gap me buy sell krte h usme b alg alg amount ka krte h kbhi 100 ka kbhi 682 kbhi 2000 etc abhi har transaction ka in out kaise bharu kioki cost of accution aur consideration me same hi amount of usdt se hua profit dekha jayega uske liye ek do bar calculation ki b ja skti h ye 500 transactions ki kaise krey
I have done 100+ Transactions on Crypto currency. So should i have to list each and every transaction while filing ITR 2 OR I can List EXCHANGE WISE Transactions. Plz reply ?
Every transaction
Sir my main question is how to find in which transaction I gained and I lost because my transactions are more than 10000. I bought Bitcoin many times is some transactions I gained and in some transactions I lost money. Can I do set off of same coin??? Please answer
No any profitable transaction give 30% tax dedo
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...??
Plz reply dijiye.....🙏🙏🙏
Yes.
Use offline utility in that case
@@FinTaxPro sir offline utility means....??
सर प्लीज यह बताना कि आप आइटीआर भी फाइल करते हैं क्या और कितना चार्ज लेते हैं
Bro I am holding crypto I haven't sold any of my crypto and my doubt is mein income tax file karne time pe ye crypto mein include karna ya nahi?
Pls someone reply, have same doubt
@@kesavaraovelchuri5396Sir, me spot me trade karta hu.yaani ki crypto acquire and then sell. Suppose sum of total profit is 110,000 and sum of total loss is 85,000 total tds deduction is 20,000 in over 200 trades. How much tax I have to pay????? Can I show it as my business income???if possible, how I can setoff these losses and gains???
sir, my clients pay fees in crypto, please guide. thanks.
Sir I am trader and I have done many transactions during 22-23
did u get the solution?
Any solution?
SIR EK VEDIO FOREX KI BHI BANIYE JO TAXPAYER FORXES MEIN DEAL KARTE HAI
Sir, dher sara transaction hai, ek baar offline utility wala batao.
Plz reply sir 🙏🙏🙏
Agar maire vda se profit +100000
Or loss bhi -100000
No loss setoff after that mhuje 30000 tax pay krna hoga ...jbb ki koe income nhi hue
Loss ka koi setoff n hoga profit p 30%
25000 ka Rebate milega
Sir pf eaic par viedo banaeye plz
Sir ek RARIO ka tax deduction and ITR file karne k process par Ek video bna dijiye 😌😌Yha VDA, NFT FANTASY GAME Sab mix h ITR kaise file karna h Kucch samajh nhi aa rha h
Same is my problem
Thank you very much sir. Kya 12500 crepto tex ma bhe as a rebate ho sakta hai
Yes if income is less than 500000
@@skillvivekawasthi thanks for reply sir
Sir apka contact number chahiyen....for file Return
Hello sir, 194S mein Rs 238 TDS cut hua transaction amount 23800 koi profit nahi hua, salary person, mein ITR 1 or 2 per filling karna pls tell me @skillvivekawasthi
Same question....have you found any solution for this?
Hello Sir main ne indian Exenge 11700 invest kiya 2022 me lekin Avrage karke buy sell kiya hu muje sirf mera 117000 Return Ajaye to With Draw karlunga Kya ispe bhi muje Tax Pay karna padega
Ha bhai dena padega