RECEIPTS ON TRANSFER OF VIRTUAL DIGITAL ASSETS U/S 194S
This query is : Resolved
17 July 2024
DEAR SIR,
RECEIPTS FROM VIRTUAL DIGITAL ASSETS U/S 194S IS BUSINESS INCOME OR OTHER SOURCE OF INCOME BECAUSE MY CLIENT IS DOING CONTRACTOR ONLY RS 9478/- SHOWING IN 26AS AS WELL AS IN AIS REPORT WHEATHER IT SHOULD BE CONSIDER BUSINESS RECEIPT OR NOT NOW MY CLIENT IS STOP TO DOING THIS.
REGARDS
THANK YOU
RECEIPTS FROM VIRTUAL DIGITAL ASSETS U/S 194S IS BUSINESS INCOME OR OTHER SOURCE OF INCOME BECAUSE MY CLIENT IS DOING CONTRACTOR ONLY RS 9478/- SHOWING IN 26AS AS WELL AS IN AIS REPORT WHEATHER IT SHOULD BE CONSIDER BUSINESS RECEIPT OR NOT NOW MY CLIENT IS STOP TO DOING THIS.
REGARDS
THANK YOU
17 July 2024
Depending upon number of transactions it can be declared as business income or under Capital Gain head.
17 July 2024
THANK YOU SIR,
HOW TRANSACTION REQUIRED TO BE DECLARED UNDER BUSINESS INCOME
REGARDS
HOW TRANSACTION REQUIRED TO BE DECLARED UNDER BUSINESS INCOME
REGARDS
17 July 2024
Fill Schedule VDA of ITR 3.
https://www.livemint.com/money/personal-finance/itr-filing-how-to-report-crypto-income-in-income-tax-return-after-addition-of-new-vda-schedule-11698478191479.html
https://www.livemint.com/money/personal-finance/itr-filing-how-to-report-crypto-income-in-income-tax-return-after-addition-of-new-vda-schedule-11698478191479.html
17 July 2024
THANK YOU SIR,
MY CLIENT DID NOT PROVIDE FULL DETAILS OF TRANSACTIONS HE SAID THERE IS INFORMATION REGARDING BUY AND SELL ONLY INVESTMENTS. IN THE AIS REPORT ONLY SHOWING RECEPITS HEAD.
THANK YOU SIR
MY CLIENT DID NOT PROVIDE FULL DETAILS OF TRANSACTIONS HE SAID THERE IS INFORMATION REGARDING BUY AND SELL ONLY INVESTMENTS. IN THE AIS REPORT ONLY SHOWING RECEPITS HEAD.
THANK YOU SIR
17 July 2024
Get transaction statement of the broker.
17 July 2024
THANK YOU SIR,
WHILE COMPARE TO AIS REPORT AND COMPUTATION SHORT TERM CAPITAL GAIN SHOW DIFFRENCES MEANS AS PER AIS REPORT RS 39026/- STG BUT OUR COMPUTATION SHOWING RS 43854/- .
AFTER CROSS VERFYING BOTH 150 SHARES MADE IT BUY AND SELL THAT PARTICULAR ACCOUNT IS NOW INACTIVE IN THE AIS REPORT THAT TRANSACTION NOT TAKEN IN ACCOUNT SO SAME DIFFERENCE IS SHOWING WHILE COMPARE TO COMPUTATION AND AIS.
IS THERE ANY PROBLEM IF I REPORT AS PER COMPUTATION
WHILE COMPARE TO AIS REPORT AND COMPUTATION SHORT TERM CAPITAL GAIN SHOW DIFFRENCES MEANS AS PER AIS REPORT RS 39026/- STG BUT OUR COMPUTATION SHOWING RS 43854/- .
AFTER CROSS VERFYING BOTH 150 SHARES MADE IT BUY AND SELL THAT PARTICULAR ACCOUNT IS NOW INACTIVE IN THE AIS REPORT THAT TRANSACTION NOT TAKEN IN ACCOUNT SO SAME DIFFERENCE IS SHOWING WHILE COMPARE TO COMPUTATION AND AIS.
IS THERE ANY PROBLEM IF I REPORT AS PER COMPUTATION
17 July 2024
No problem if you report in ITR, any transaction in addition to that reported in AIS.
17 July 2024
THANK YOU SIR YOUR ALL QUICK REPLY
REGARDS
REGARDS
17 July 2024
You are welcome.
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