Crypto Tax Filing | ITR - 2 | Complete Process (Online & Offline)

[@dipakparekh2199]

Ye kitni jhanjhat hai tax bharne ki aphi exchange hi kat liya kijiye tax ICC suvidha nahin mil sakti kya plz ye kariye 🙏

[@coinswitch]

Hi Dipak! Aap CoinSwitch app par jaake profit and loss statement download kar sakte hain. Kripya ye steps follow karein: Profile section pe click karein, wahan se "Report" tab pe click karein, aur phir "Profit and Loss Statement" pe jaayein. "Send Email" pe click karke isse apne device par save kar lein. Aap is statement ko refer karke apne CA se tax filing ke liye sampark kar sakte hain.

[@dipakparekh2199]

@@coinswitch ab ye CA kaha milenga or paise kitne leta hai bot paise lenga to kya fayda crypto me invest karne ka

[@dipakparekh2199]

@@coinswitch kuch bachna cahiye isliye invest karte hai exchange CA sarkar le lengi to hamko kya bachenga ghanta 🤦

[@hullulullu]

​@@coinswitch mera abhi tak koi profit nhi hua h coinswich se aur tax payable aarha 1.5 lakh ese kese Overall loss me hu isliye me itr file nhi karunga agr notice aaya to case file karunga aapke app pr froud ka

[@coinswitch]

Namaste! Hum aapse anurodh karte hai ki yaha diye gaye link: bit.ly/3uLiEnu pe ek ticket raise kare taaki hum aapke profit and loss statement ko check karke aapke concern ko address kar paye.

[@vishalmittal000]

We love it when Avinash explains it with so much clarity and ease! He is the best in business ❤

[@wrcwahengbam]

Thank you very much for helping inside out of the taxation and ITR filing of VDA. God bless you forever.

[@coinswitch]

You are welcome!!

[@amitkumar-we2vk]

Sir hum crypto loss me sell kiye or usko phir invest kar diye paisa withdraw nhi kiye hai khabhi account me tab itr bhar na hoga kya

[@sudhirp1408]

Very Useful & to the point, Thanks for the video

[@coinswitch]

Glad you liked it, Sudhir! Happy trading!

[@s.b9003]

Sir, crypto me salary ata hai from foreign company, kiya 30% tax lagega???

[@coinswitch]

Hum aapki query ko samajte hai. Kripya jaan le ke aapko apne capital gains pe tax pay karna hota hai. Iss vishay pe aadhik jaankari ke liye apne tax consultant se sampark kare.

[@vibhuthiraviteja544]

Sir if i made transaction from usdt to any crypto coin, then any tax will be applicable on that? If no, then can i leave income from vda section unfilled for that type of transactions??

[@coinswitch]

We can’t convert coins directly; they need to be sold first, Vibhuthi. TDS will apply, and taxes will follow if there is a profit. Check the PnL statement for details, and if there are no capital gains, you can leave that section blank. For further assistance, please submit a ticket here: bit.ly/3uLiEnu, and our team will get in touch with you.

[@memesnshorts007]

ques- gross reeipt of VDA in form 26AS is more than the Income recipt of VDA???

[@vamshireddy1094]

Sir agar ham sell hi nahi kiya hai toh Consideration received mein 0 daal sakte hai ??

[@_shivamshahi]

Very well explained Avinash! 🙌

[@coinswitch]

You're welcome, Shivam! Keep an eye out for more videos like these! 😊

[@KabirSingh-mi2zf]

Coinswitch aap buy karte time bhi paise kat te hai or sell karte time bhi buy sell dono pe tax lagta hai kya

[@coinswitch]

Namaste Kabir! Hum aapko batana chahte hai ki trade ke dawran to TDS levied hote hai wo as per government norms hai. Aap invoice ko refer kar sakte hai deductions ke jankari ke liye. Iske alawa hum saare charges upfront display karte hai kisi bhi trade ke execution se pahle. Commissions vary kar sakti hai depending on the specific exchange ajaha transactions kiya jata hai. Further, aap yaha ticket: bit.ly/3uLiEnu raise kar skte hai clarifications ke liye.

[@Punitsahu789]

Sir 1 year ka file kaise karna hai? Kya P&L ki financial year ki Report se file kar skte hai?

[@AvinashKumar-mb3ic]

Very informative video. Thanks team coin switch. Sir maine excel utility se VDA bhara hai par Capital gain schedule validate nahi ho pa Raha hai. Pse help

[@AvinashKumar-mb3ic]

Jabki capital gain aur SI schedule me amount same hai. Fir bhi error show kar raha hai

[@AvinashKumar-mb3ic]

@coinswitch

[@coinswitch]

We are glad that you liked our video, Avinash. Hum aapse anurodh karenge ki aapne tax consultant se sampark kare taaki weh iss sambandh me aapki madat kar sake hai. Further, aap P&L report download kar sakte hai humari app se.

[@abhinavkant]

If I migrate my BTC from one exchange to another (both self account), will I need to pay any TDS or Taxes for that financial year?

[@coinswitch]

We understand your concern, Abhinav. Please be know that a 30% tax is applicable on your capital gains. We also suggest consulting your tax advisor for additional details.

[@anantsaxena9750]

Very good suggestion for all 👍

[@coinswitch]

🙏

[@gouskazi2702]

Nice Video Sir......❤ My P&L report Empty But Mene Bahut Trade Kiya Hai

[@coinswitch]

Thank you for your time over the call, Gous. As discussed, we have sent you an email on your registered email ID, kindly take a look.

[@urvisharma7134]

Thank you so much for this informative video. Very Helpful.

[@coinswitch]

You are welcome 🤩, Urvi.

[@manojpandey2888]

Govt employees crypto currency m invest kr sakt h kya?????

[@kanwal989]

Sir jaise abb mein late ho gaya tha tax bharne mein ..toh gov ne interest bhee laga Diya Jo tax time pe pay nahi Kiya tha mene ... Sir advance tax mere CA ne btaya kee bharna chahiye toh uske liye mere ko kaise pta chalega ke kaise pay Krna hai I mean konsi report se pta chalega pls help so that interest can be saved

[@coinswitch]

Hum aapki query to samaj rahe hai, Kanwal. Aap CoinSwitch app se apne P&L statement download kar sakte hai aur uske basis pe apna ITR file kar sakte hai. You can download the P&L report by following the below-mentioned steps: Navigate to your profile section on our platform. Click on the "Reports" tab. Locate and select "Profit and Loss Statement." Click on the "Send Email" button to save the statement to your device. Adhik sahayata ke liye aap yaha: bit.ly/3uLiEnu ek ticket raise kare.

[@shivshankaryadav3113]

Thanks for your nice Advice...

[@coinswitch]

Glad to help, Shivshankar! 😊

[@vamshireddy1094]

Sir maine 16 transactions kiye hai aur wo sab buy transactions hai, toh mein vda section chod sakta hu ya mujhe fill kar ke consideration received mein 0 karna hai?? Pls reply

[@coinswitch]

Namaste Vamshi! Crypto capital gains pe 30% ka flat tax lagta hai, jo ki aapke profits pe directly apply hota hai. Iska matlab hai ki jo bhi aapko crypto trade se profit hota hai, uska 30% aapko tax ke roop me dena hota hai. Further, ITR filing ke liye aap aone tax consultant se sampark kar sakte hai.

[@kashyapkk17]

Hi.. What if someone has only purchased crypto and not sold ? Where to show this transaction in VDA , as you are already taking 1% TDS and it is reflecting in 26AS as income head ?

[@infobablu]

The gross receipts shown for income as Virtual Digital Assets in Form 26AS, on which credit for TDS u/s 194S has been deducted, are higher than the total of the receipts shown under Income from Virtual Digital Aseets in the return of income. Hence, the return of income filed is regarded as defective, as provided in Explanation (a) under section 139(9). The taxpayer is requested to file a return of Income disclosing Income under Virtual Digital Asset

[@infobablu]

As per your P and Unable to verify

[@coinswitch]

Hey there! We suggest you get in touch with a tax consultant along with the PnL report. They'll be able to assist you with filing your ITR. Additionally, if you need further assistance, please raise a ticket here (bit.ly/3uLiEnu), and we will connect with you.

[@sivamanikanta2961]

The return you filed is defective i.e invalid because the gross receipts from VDA reported in Form 26as is not reported by you in your ITR.You have to revise it or file the return in response to notice u/s 139(9).Generally you have to revise it in 15 days.

[@archita.saxenakota]

Very informative video..

[@coinswitch]

You’re welcome, Archita. Stay tuned for more videos like this! 😀

[@dr.jayantdiwakar2990]

Is it required to pay tax in india before going to UAE on cryto income or one can directly go to UAE and start trading there on the funds (usdt) which was made by trading in india but was not sold for exchange of INR and is stored in Trust Wallet..as UAE will ask the source of funds and if they inform it about indian government then consequences may happen...please tell if USDT are not sold and only stored by doing trading...taxes still apply or not? Used broker for trading was EXNESS

[@coinswitch]

Hi Jayant! Please know that you will have to pay 30% tax on your capital gains. For more details we would suggest you to get in touch with your tax consultant or a CA.

[@mountkrahn1481]

Good Informative Video. I am new to cryptocurrency trading, please 🙏 what is the best way to make money in cryptocurrency trading?

[@Alice-pz6dk]

Mrs Julian Alva, she is good

[@BellaJuana-nk8yi]

Julian Alva is extremely understanding and has a good attitude in difficult situations. I really appreciate her

[@jamesvalentine-bd4mv]

Please how can I contact this Julian Alva. I've really heard a lot about her

[@Alice-pz6dk]

@ AvuTrade

[@Alice-pz6dk]

that's her username

[@PrernnaTalkies]

Really very helpful video..

[@coinswitch]

Thank you so much for your words, Prernna! We truly appreciate your support.

[@Abstermusic]

Big thanks for this!

[@coinswitch]

Hi there! You’re welcome. Stay tuned for more videos like these! 😀

[@zongli_rider]

Sir u did not tell about adding tax challan before proceeding to final step??

[@coinswitch]

Hey there! We would suggest you get in touch with the tax consultant as he will be able to help you in filing your ITR. Further, if you need any assistance from our end, please raise a ticket here: bit.ly/3uLiEnu

[@consciencebeats4441]

STD/ISD code error bta rha h e filling me kha s sahi hoga ? Plz

[@bauddheyabaliarsingh8764]

If i purchased BTC worth 100, is the cost of acquisition 100 or 100 + 0.9% fees + 18%on fees? Same when selling The amount received is 105 or 105 subtracted by platform fees and gst?

[@coinswitch]

We are here to assist you. Please note that we charge a small fee and periodically review our fee structure to provide you with the best experience. Additionally, TDS and GST are applied as per government regulations. To help us assist you better, we kindly request you to fill out this form (bit.ly/3uLiEnu) so we can connect with you. You may also explore CoinSwitch PRO, our new platform offering lower fees.

[@Ajay-tx5ou]

sir meme usdt sell ke hai haar baar sell mae loss hua hai kya mujhe b 30% dena hoga

[@coinswitch]

Hum aapke concern ko samajte hai, Ajay. Please know aapko 30% tax capital gains par pay karna hota hai, jo ki aap P&L statement download karke check kar sakte hai.

[@consciencebeats4441]

Head of income kha se select hoga e verify me error bata rha h kaise sahi kru

[@coinswitch]

Hi there! Hum aapse anurodh karte hai ki aap apne tax consultant ki sahayata le ITR filling se judi jaankari ke liye.

[@saheldas7271]

I did not sell my crypto so, how to show it under capital gains from Virtual Digital Asset ? I already paid TDS on buy now due to this my ITR is getting rejected everytime.

[@coinswitch]

Hi Sahel! We understand your concern. Please complete the form at bit.ly/3uLiEnu, and we’ll review it and get back to you.

[@ankurraj1176]

🤔Coinswitch service pe kitna percentage Tax leta hai

[@coinswitch]

Hi Ankur! Crypto par taxes government ke norms/guidelines ke according lagte hain. Crypto sell transactions par TDS lagta hai, aur overall gains par 30% capital gains tax lagta hai. Zyada jaanne ke liye hamari blog padhein: coinswitch.co/switch/crypto/tax-on-crypto-transactions/.

[@ukwalamunda7021shorts]

Bhaiya maine airdrop se profit earn kiya hai tho tax kaise bharenge

[@coinswitch]

Hum aapke concern ko samajthe hai. Kripya jaan le ke aapko apne capital gains pe tax pay karna hota hai. Iss vishay pe aadhik jaankari ke liye apne tax consultant se sampark kare.

[@ukwalamunda7021shorts]

Itr kon si fill krni padti hai

[@coinswitch]

Hum aapse request karenge ki crypto tax filing ke liye aap apne tax consultant se sampark kare.

[@bhadoriyagopal7]

Which application is required to open tds certificate in coinswitch??

[@coinswitch]

Hi Gopal! The TDS certificate will be downloaded as a PDF file, which you can open with any PDF reader app. If you encounter any issues, please fill out the form at bit.ly/3uLiEnu, and we’ll assist you.

[@bhadoriyagopal7]

@@coinswitch which pdf reader app?? suggest because I have already but can't open file

[@mrinal_k]

​@@bhadoriyagopal7 Excel sheet hai wo...aap koi v app jaise Google sheets etc. Download krlo.

[@coinswitch]

You can open the file with any PDF reader app. Please fill out the form at bit.ly/3uLiEnu and provide a screen recording of the issue you're facing while opening the TDS certificate. This will help us review and assist you further.

[@bhadoriyagopal7]

​@@coinswitchI fill form many times but can't help by team coinswitch

[@RRRAUSHANYADAV2]

Maine ek CA sonu jain ka video dekha jisme o bol rahe the ki jinka annual profit 80k tak hai unko ITR file karne ki koi jarurat nahi hai because 80k ka 30% 24k hota hai aur 25k tak rebate chhut milta hai isliye tax zero kya ye sahi bat hai

[@coinswitch]

Namaste Raushan! Hum aapko batana chahte hai ki ITR file karna important hai or kisi bhi crypto asset ke profit margin par 30% tax dena compulsory hai.

[@ana8908]

Bhai Tax mat bharo. Gst de kar dimaag khraab hai. 25000 ki job lagta h kya faiyda

[@SohelKhan-sb5li]

Tax pay nhi kiya to kya hoga

[@TheKamaljosan]

Agar bank Mai mota paisa hai to notice aayega transaction amount jyada hai crypto k to bhi tax notice. Agr fakir ho to chill

[@SohelKhan-sb5li]

@@TheKamaljosan chill

[@manishjangra7322]

Agr hmne kuch becha nhi hai holding hai tb kya krna hoga

[@coinswitch]

Hum aapke concern ko samajte hai, Manish. Please know aapko 30% tax capital gains par pay karna hota hai, jo ki aap P&L statement download karke check kar sakte hai.

[@manishjangra7322]

@@coinswitch vo kaise hogi

[@manishjangra7322]

@@coinswitch meri sorf holding hai 2021 se still hold

[@coinswitch]

Hey Manish! Aap P&L statement CoinSwitch app ke "Reports" section se download kar sakte hai.

[@mohammedamjaduddin8660]

Sir profit hua to jaisa TDS kat raha hai usi tarah tax bhi kata to thik rahega filling Karo sar dard hai sir please sir ap app ke through kat lena aise kuch bhi hua to kariye sir

[@coinswitch]

Hi Amjaduddin! Ham aapka concern samajh rahe hai. Aap CoinSwitch app par jaake profit and loss statement download kar sakte hain. Kripya ye steps follow karein: Profile section pe click karein, wahan se "Report" tab pe click karein, aur phir "Profit and Loss Statement" pe jaayein. "Send Email" pe click karke isse apne device par save kar lein. Aap iss statement ko refer karke apne CA se tax filing ke liye sampark kar sakte hain.

[@Buddhadev1053]

Online and offline dono korna hoga.only offline korna hoga

[@coinswitch]

Aapke pass dono options hai, aap online ya offline kisi bhi mode se ITR file kar sakte hai.

[@Buddhadev1053]

@@coinswitch online ke baad offline korna hoga

[@coinswitch]

Aap kisi bhi ek option se ITR file kar sakte ho.

[@vishalabreo]

Why Crypto Currency platform like Wazirx is not giving proper Tax P&L with the Buy & Sell Date & Value of each trade?

[@abhishekvankar2396]

Half info , schedule Capital gains kese confirm kiya ?

[@coinswitch]

Hey Abhishek! Aap capital gains P&L statement ke through check kar sakte hai. Further, P&L statement CoinSwitch app me "Reports" section me available hai.

[@coinswitch]

We understand your concern here, Abhishek. Please know that you need to pay a 30% tax on crypto gains. Further, you can connect with your tax consultant for more information.

[@priyaranjandash4076]

Suppose a vda Purchased at rs1000(including platform fees) Sold at 1100 After platform fees the amt is 1088 1088-1%tds= 1077 received But in coinswitch it is showing consolidated amt=1088 and CG=88 It should be 1077 and 77. Why we will pay that 30% of tax on the TDS which govt allready taken while trading It is unfair

[@coinswitch]

We’re here to assist you, Priya. Please note that a 30% tax applies to capital gains. Additionally, any extra TDS deducted can be claimed as a refund in accordance with income tax rules.

[@priyaranjandash4076]

@coinswitch Ohh Thanks for the clarification.🤗

[@ajaykaushiksharma087]

You skipped one step did not tell what to do in schedule capital gains tab?

[@coinswitch]

Hi Ajay! You can view the capital gains in the P&L statement. The P&L statement is available in the "Reports" section of the CoinSwitch app.

[@mb-fd1kc]

Kya aap hamare itr file karke denge ...

[@coinswitch]

Hi there! Hum aapse request karte hain ki aap apne CA se madad lein ITR filing ke liye.

[@mb-fd1kc]

@@coinswitch unonhe galat kar diya

[@coinswitch]

Hum aapke concern ko samajte hai, lekin hum as an exchange aapko sirf profit and loss statement provide kar sakte hai, isliye alawa aapse anurodh hai ki aap aapne tax consultant se hi ITR me correction karwaye.

[@ankurraj1176]

Crypto buy aur sell karne par kitna Tax lagta hai kiya loss hone par bhi Tax lagta hai 😮😮😮

[@coinswitch]

Hi Ankur! 1% Tax Deducted at Source (TDS) digital assets (jaise cryptos) ke kisi bhi sale ya transfer par lagaya jayega. CoinSwitch aapke transactions se yeh tax automatically deduct kar lega aur relevant tax authorities ko pay karenge. Crypto ke gains par users ko 30% tax dena hoga. Agar aapke paas koi questions hain, toh form fill kijiye bit.ly/3uLiEnu aur hum aapki madad karenge.

[@user-gy5tg8fo4e]

Sir airdrops par tax payment par ak video bana eye

[@coinswitch]

Hi! Sure, humne aapka feedback note kar liya hai aur team ke saath share karenge. Video dekhne ke liye dhanyavaad! 😊

[@rahuldhanda2787]

I didn't sell anything but still my TDS got deducted and for just 5-6 rupees my ITR got defective, what is the solution of it even if i fill that using ITR 2 as no capital gains from the P&L report generated, highly disappointed with it

[@coinswitch]

We will certainly help you with your concerns. Please raise a support ticket here: bit.ly/3N87Aaj and we will connect with you.

[@rahuldhanda2787]

@@coinswitch i already raised the ticket, no satisfactory answer, very disappointed

[@coinswitch]

That's sad to hear, Rahul. Please allow us some time, we will look into the ticket and share an update with you via email.

[@rahuldhanda2787]

@@coinswitch ITR filing date is crossing, it's really sad with the delay with response as I'm still waiting only

[@coinswitch]

Hi Rahul! We have sent an email to you regarding your TDS concern. Kindly check and revert in case of further clarification.

[@anshujain20]

To get rebate under 87a he should have choosen old regime

[@ashishkumar-qs9td]

Jisne crypto kharid k becha he nahi hai

[@ashishkumar-qs9td]

Mujhe answer chahiye

[@techmaster2547]

No rebate 87a😢😢 for crypto

[@ManjuDevi-yb6ks]

to kya 12500 ki choot abki baar nahi milegi ?

[@keshavraj1586]

Student ITR file kaise kare. Sirf student ke liye ek video bnao

[@coinswitch]

Thank you for your suggestion, Keshavraj. We have made a note of it.

[@keshavraj1586]

@@coinswitch sir 1500 se 2000 rs tak ka profit Hua Hai.aur sir avi Portfolio 60℅ loss me chal rha hai to kya.sir ITR file karna jaruri hai?

[@coinswitch]

ITR file karna ek achi practice hoti hai, Keshavraj. Further, hum iss par koi comment nahi kar sakte. Kripya aapne tax consultant se discuss kare.

[@Punitsahu789]

2022-23 aur 2023-2024 ka kaise kre)

[@coinswitch]

Hi Nitin! PnL computations ready-to-copy hain aur tax returns file karte waqt reference ke liye use kiya ja sakta hai. Aap apne aap returns file kar sakte hain ya phir income tax advisor ya CA se professional guidance le sakte hain. Agar aapke kuch aur questions hain, toh form fill kijiye bit.ly/3uLiEnu aur hum aapse connect karenge.

[@AsgarAli-tj4co]

Coinswitch kuber se tax report kaise niklega

[@VishalKumar-rd5mh]

Tax report download karne ka opetion deta hai

[@amitkumar-we2vk]

Sir hum crypto loss me sell kiye or usko phir invest kar diye paisa withdraw nhi kiye hai khabhi account me tab itr bhar na hoga kya

[@ana8908]

Suno tax mat bharo Maine 2 saal ni bhara 18 lakh, 13 lakh tha . Kuch ni huwa badh me jaay y sab bakwas Tax bharoge tabhi dikkat hai

[@amitkumar-we2vk]

@@ana8908 😂😂😂😂

[@RohitKumar-um5vb]

Bhai jab bada amount withdrawal karte ho to bank se ya phir ITD se koi notice nahin aaya kya

[@amitkumar-we2vk]

Sir hum crypto loss me sell kiye or usko phir invest kar diye paisa withdraw nhi kiye hai khabhi account me tab itr bhar na hoga kya

[@coinswitch]

Namaste Amit! Haan, agar aapne apni crypto investments mein nuksan uthaya hai aur koi withdrawals nahi kiye hain, toh bhi Income Tax Return (ITR) file karna chahiye. Further, aap apne tax consultant ko samparak kare.

[@amitkumar-we2vk]

@@coinswitch sir Maine 2021 sa investment kar rha hoon lakin itr file nhi kiya hoon ab kya kare , itr ka date v khtm ho gya koie dikat to nhi hoga na agar hum next year itr file karege tab

[@coinswitch]

Hum aapse anurodh karte hai ki aap apne tax consultant ki sahayata le ITR filling se judi jaankari ke liye.

[@amitkumar-we2vk]

@@coinswitch thk hai sir

[@RohitKumar-um5vb]

​@@amitkumar-we2vkkya hua phir