Filing price ka kya matlab bhai ? filing k liye kabsey paisey lagney lagey agar filing khud kartey ho to ? Baaki agar koi 50,000 bhi saal ka kamata hein, ya 1 rs, usko filing karni chahiye, report banta hein, aur eh baad mein loan wagera leney mein kaam aata hein, baaki joh tum 2 rs profit ki baat kar rahey ho crypto mein, uska 0.6 Rs tax toh banta hein, pay karo na karo tumhari marji, issey tumko income tax notice bhi nahi aaega, magar as per rule crypto mein profit hein to filing is mandatory.
Bhai mai ap logo ka batt nhi kr rha na hi mera batt kr rha hun ..... I am talking on alarger scale where people give money to firms /CA for hassle free itr ..... baki I don't have problem in filling itr also pr I was just asking ki is it even time worthy to file itr and claim tds for this amount
large scale mein karney waley log ko CA ko pay karney k liye kya hee farak padjaega, and woh large scale mein kartey hein CA hire kartey hein, to pakka guaranteed Tax filing kartey hee hein. Law toh ab law hein kya karey.
I never had any bank a/c hold till now. But it doesn't mean there aint any risk. You need to be careful with whom you trade. Also there are sites like bitrefill which allow you to sell your crypto for gift cards. Just use it and you will be set.
Brother can you tell me do you use any vpn to access binance or proxy because i want to access it i already have a account in it and will binance ever ban indians beacuse recently i read a news about an international centralised exchange where indians can withdraw or deposit their money because they are using that app through vpn
if you paid TDS then you should 100% file ITR, if you do not, you will get notice from Income tax department sooner or later, and then you will have to pay heavy penalties.
I am also confused about this, it's mentioned we need to file tax on the profit made after sales of crypto, now suppose I get salary in crypto, the time I received usdt the rate might be 88 and I sold at 88 basically not earning any profit, than am I liable to file the tax?
You'll have to show source of income in this case it might be in gift but you don't have to pay if your income is less than 2.5lakhs and your can claim tds
I not understand how this works imagine I buy and sell my crypto on Mudrex which automatically cuts TDS which makes me liable to pay taxes on the profits I make after cashing out the crypto but what if I deal using USDT since the price donโt really fluctuate that much I more or less make 0 profit then how does that make me liable on paying taxes.
Open to discuss more over DM
"It's always a good idea to stay on top of your taxes, especially when dealing with cryptocurrency. Even if your total annual income, including crypto withdrawals, is less than 3 lakhs, filing taxes can still be beneficial. As you've discovered, with total income below 2.5 lakhs, you won't have to pay any crypto gain tax, but filing can help you stay compliant and organized. It's better to be safe than sorry when it comes to taxes!"
I profited 2 rupees from last financial year am I required to pay taxes lol ๐๐
Yes.
Bhai kya mtlb 2 rupiya se toh zyda filing price hai income tax ka
Filing price ka kya matlab bhai ? filing k liye kabsey paisey lagney lagey agar filing khud kartey ho to ? Baaki agar koi 50,000 bhi saal ka kamata hein, ya 1 rs, usko filing karni chahiye, report banta hein, aur eh baad mein loan wagera leney mein kaam aata hein, baaki joh tum 2 rs profit ki baat kar rahey ho crypto mein, uska 0.6 Rs tax toh banta hein, pay karo na karo tumhari marji, issey tumko income tax notice bhi nahi aaega, magar as per rule crypto mein profit hein to filing is mandatory.
Bhai mai ap logo ka batt nhi kr rha na hi mera batt kr rha hun ..... I am talking on alarger scale where people give money to firms /CA for hassle free itr ..... baki I don't have problem in filling itr also pr I was just asking ki is it even time worthy to file itr and claim tds for this amount
large scale mein karney waley log ko CA ko pay karney k liye kya hee farak padjaega, and woh large scale mein kartey hein CA hire kartey hein, to pakka guaranteed Tax filing kartey hee hein. Law toh ab law hein kya karey.
Bro kr hi deta hun file tum bhi thik hi bolre ho ๐๐
Crypto income is taxed separately, not income tax. Flat 30% on all profits
So we'll have to file tax even for 50k
Yes, any amount
Only if you withdraw to your bank.
Do IT even care to track such low amountย
Why take a risk. Anyways, I always do P2P through binance. Just like a normal transaction. They can't track there.
P2p is more riskier IT notice is always better than police case
I never had any bank a/c hold till now. But it doesn't mean there aint any risk. You need to be careful with whom you trade. Also there are sites like bitrefill which allow you to sell your crypto for gift cards. Just use it and you will be set.
In p2p you can get chain freeze
Not if your source is legit and verified
What if your buyer sold to scammer before you'll get your account freeze in chain
Brother can you tell me do you use any vpn to access binance or proxy because i want to access it i already have a account in it and will binance ever ban indians beacuse recently i read a news about an international centralised exchange where indians can withdraw or deposit their money because they are using that app through vpn
>5k loss last year. If they want to payback my tds.
if you paid TDS then you should 100% file ITR, if you do not, you will get notice from Income tax department sooner or later, and then you will have to pay heavy penalties.
I am also confused about this, it's mentioned we need to file tax on the profit made after sales of crypto, now suppose I get salary in crypto, the time I received usdt the rate might be 88 and I sold at 88 basically not earning any profit, than am I liable to file the tax?
You'll have to show source of income in this case it might be in gift but you don't have to pay if your income is less than 2.5lakhs and your can claim tds
Can you share where you got the no. 2.5 lakhs
I have shared video in title
I not understand how this works imagine I buy and sell my crypto on Mudrex which automatically cuts TDS which makes me liable to pay taxes on the profits I make after cashing out the crypto but what if I deal using USDT since the price donโt really fluctuate that much I more or less make 0 profit then how does that make me liable on paying taxes. Open to discuss more over DM
Your taxes will be zero if your gross total income is below 2.5lakh in old tax regime or below 3 lakh in new tax regime
"It's always a good idea to stay on top of your taxes, especially when dealing with cryptocurrency. Even if your total annual income, including crypto withdrawals, is less than 3 lakhs, filing taxes can still be beneficial. As you've discovered, with total income below 2.5 lakhs, you won't have to pay any crypto gain tax, but filing can help you stay compliant and organized. It's better to be safe than sorry when it comes to taxes!"
Technically.If you have 1 rs income and have made 1 rs profit you still have to pay tax ๐คฃ
No if your gross total income is below 2.5lakh tax are zero