PANDIAN BRIGHT (TAX CONSULTANT) (321 Points)
31 July 2024One of my clients filed income tax return under ITR-1. His only source is Salary. But recently he received a Notice for non disclosure of transferring Virtual Digital Assets. For Salaried indivual where to disclose the Value of VDA in ITR Form? Please clarify.
prasad Nilugal
( GST Practitioner & Accounts )
(14572 Points)
Replied 31 July 2024
You suppose to file ITR2 , if your client have an income by way transferring virtual Digital Asset in addition to the salary, report in ( Shedule VDA ) , ITR2 , please confirm. ( It's Capital Gains ) . Take more Opinion on this and reply accordingly .
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
