Cryptocurrency Tax Advisor | CA in Mumbai | Chartered Accountant

2024 (147)

<p>Chartered Accountants India | Cryptocurrency Taxation | NRI Taxation | USDT Arbitrage | UAE Company Incorporation | Outsource Accounting Services | 2024</p>

ITR Forms Have Separate Section For Crypto Income

The recently released 2023 ITR Forms have separate section for crypto income. This interesting change is seen in Income Tax Return Form 1 (ITR-1) and Income Tax Return Form 2 (ITR-2) so far. A separate schedule has been added for reporting income from crypto and…

How to reply to Income Tax Notice u/s 142 (1)

Crypto Income Tax Notice | Income Tax Notice u/s 142 (1)| Cryptocurrency CA | Income Tax Notice u/s 148A

Notices are issued by the income tax department under the various provisions of the Income Tax Act to the assesses with the purpose to assure greater tax compliances. You may benefit by reading this article on Types of Income Tax Notices a person may receive…

Crypto investors to face brunt of 20% TCS

USDT Arbitrage | P2P TDS | Crypto Tax Services India | Crypto Consulting

The Indian government used to collect a 5% tax collected at source (TCS) on LRS remittances above Rs 7 lakh until FY 2022-23. However, In the recently passed 2023 budget, this was raised dramatically to 20% and the entire 7 lakh threshold was removed. Investing…