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Taxation of Virtual Digital Assets

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Hello,

There is a loss of 2000 rupees from sale of Virtual Digital Assets as sale value was 28000 and purchase value was 30000 and TDS deducted at 1 percentage on sale value was claimed in ITR...Is this correct treatment ?
Replies (3)

Yes, TDS can even be claim for loss transaction/s.

Ok...Income tax department sent defective notice as we deducted the cost of acquisition from sale value and disclosed only Net amount in ITR... Mentioned the discrepancy as sale amount is not matching with 26AS...How to deal with it ? please advice

You need to give full details in ITR 2/3 under schedule VDA.


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