24 June 2023
Hi TDS deducted on VDA U/S 194S 568/ on transaction value Rs 56800/-.How to disclose payment of Rs 56800 on which tds deducted u/s 194s .Business income or capital gain? in itr 3 one schedule is VDA .IS IT SHOW IN VDA schedule ? or need to show in simple in business income .it is only payment received not any income .How need to disclose in itr ?
25 June 2023
As per the Income Tax Department of India, any income from the transfer of these Virtual Digital Assets is considered taxable. In ITR Form 3, taxpayers can report their VDA income under 'Schedule VDA'.
25 June 2023
ok One more question if we show under vda schedule then we also require to report under business income head schedule or not? Or reporting under vda schedule sufficient?
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