{"id":30050,"date":"2025-09-27T22:12:15","date_gmt":"2025-09-27T16:42:15","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=30050"},"modified":"2025-10-24T16:02:38","modified_gmt":"2025-10-24T10:32:38","slug":"crypto-taxation-itr-reporting-guide-for-india","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/","title":{"rendered":"Crypto Taxation &#038; ITR Reporting Guide for India"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69db543eacaee\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69db543eacaee\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Crypto_Taxation_ITR_Reporting_Guide\" title=\"Crypto Taxation &amp; ITR Reporting Guide\">Crypto Taxation &amp; ITR Reporting Guide<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Tax_on_Profits_from_Crypto_Virtual_Digital_Assets-_Taxation_Us_115BBH\" title=\"Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U\/s 115BBH\">Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U\/s 115BBH<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Taxation_Rules_for_Crypto_%E2%80%93_Tax_on_Profits_%E2%80%93_Section_115BBH\" title=\"Taxation Rules for Crypto \u00a0&#8211; Tax on Profits \u2013 Section 115BBH : \">Taxation Rules for Crypto \u00a0&#8211; Tax on Profits \u2013 Section 115BBH : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#The_loss_is_ignored_cannot_be_adjusted_or_carried_forward\" title=\"The loss is ignored (cannot be adjusted or carried forward) : \">The loss is ignored (cannot be adjusted or carried forward) : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#TDS_%E2%80%93_Section_194S\" title=\"TDS \u2013 Section 194S\u00a0\">TDS \u2013 Section 194S\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Gift_of_Crypto_%E2%80%93_Section_562x\" title=\"Gift of Crypto \u2013 Section 56(2)(x)\u00a0\">Gift of Crypto \u2013 Section 56(2)(x)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#GST_Impact_for_BusinessesExchanges\" title=\"GST Impact (for Businesses\/Exchanges)\u00a0\">GST Impact (for Businesses\/Exchanges)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#ITR_Reporting_of_Crypto_Income\" title=\"ITR Reporting of Crypto Income\u00a0\">ITR Reporting of Crypto Income\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#How_different_types_of_crypto-related_incomes_are_taxed_and_reported_in_India\" title=\"How different types of crypto-related incomes are taxed and reported in India. \">How different types of crypto-related incomes are taxed and reported in India. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Important_Notes-_Crypto_Taxation_ITR_Reporting_Guide\" title=\"Important Notes- Crypto Taxation &amp; ITR Reporting Guide\">Important Notes- Crypto Taxation &amp; ITR Reporting Guide<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/crypto-taxation-itr-reporting-guide-for-india\/#Common_Mistakes_to_Avoid_When_Filing_ITRs\" title=\"Common Mistakes to Avoid When Filing ITRs\">Common Mistakes to Avoid When Filing ITRs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30053\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR.jpg\" alt=\"Crypto Taxation\" width=\"1280\" height=\"1280\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR.jpg 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/REPORTING-CRYPTO-IN-ITR-800x800.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Taxation_ITR_Reporting_Guide\"><\/span><span style=\"color: #000080;\"><strong>Crypto Taxation &amp; ITR Reporting Guide<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Tax_on_Profits_from_Crypto_Virtual_Digital_Assets-_Taxation_Us_115BBH\"><\/span><span style=\"color: #000080;\"><strong>Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U\/s 115BBH<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Applicability on Virtual Digital Assets<\/strong> : <\/span><\/p>\n<p>Legal Definition Virtual Digital Assets: Under Income Tax Act, cryptocurrencies, NFTs, and similar assets are classified as Virtual Digital Assets (Sec. 2(47A)). Special taxation rules apply from 1st April 2022 onwards. Effective from 1st April 2022 (AY 2023-24 onwards) &amp; Covers Virtual Digital Assets such as cryptocurrencies, NFTs, and similar digital assets. Flat 30% tax on income from transfer of VDAs. Plus 4% health &amp; education cess and surcharge (as applicable) &amp; No slab benefit \u2013 rate applies irrespective of income level.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Taxation_Rules_for_Crypto_%E2%80%93_Tax_on_Profits_%E2%80%93_Section_115BBH\"><\/span><span style=\"color: #000080;\"><strong>Taxation Rules for Crypto \u00a0&#8211; Tax on Profits \u2013 Section 115BBH : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Deductions Allowed \/ Not Allowed<\/strong><\/span><\/p>\n<ul>\n<li>Deductions Allowed: Only the cost of acquisition (purchase price) can be deducted.<\/li>\n<li>Deductions Not Allowed : Not Allowed: No deduction for expenses (like mining cost, transaction fee, electricity, consultancy), No deduction for cost of improvement &amp; No exemption for reinvestment (like 54F, 54EC in capital gains).<\/li>\n<li>Rules for Crypto Losses : Loss from crypto cannot be set off against any other income (salary, business, capital gains, etc.). Loss from one crypto cannot be set off against another crypto. No carry forward of crypto losses to future years.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Example<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Buy Bitcoin = \u20b93,00,000<\/li>\n<li>Sell Bitcoin = \u20b94,50,000<\/li>\n<li>Profit = \u20b91,50,000<\/li>\n<li>Tax = 30% of 1,50,000 = \u20b945,000<\/li>\n<li>Cess @ 4% = \u20b91,800<\/li>\n<li>Total Tax = \u20b946,800<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">If sold at a loss, say \u20b92,50,000 (loss of \u20b950,000),<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_loss_is_ignored_cannot_be_adjusted_or_carried_forward\"><\/span><strong><span style=\"color: #000080;\">The loss is ignored (cannot be adjusted or carried forward) : <\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Even occasional investors are covered; it applies to both individuals and businesses. Gains are separately taxed; cannot be clubbed under normal slabs. Reporting in Schedule VDA of ITR is mandatory.<\/p>\n<ul>\n<li>Flat 30% tax on profits from transfer of VDAs.<\/li>\n<li>No deduction allowed except cost of acquisition.<\/li>\n<li>No set-off of crypto loss against any other income.<\/li>\n<li>No carry forward of crypto losses.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Example:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Buy BTC @ \u20b91,00,000 \u2192 Sell @ \u20b91,50,000<\/li>\n<li>Profit = \u20b950,000<\/li>\n<li>Tax = \u20b915,000 (30% flat + surcharge + cess)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"TDS_%E2%80%93_Section_194S\"><\/span><span style=\"color: #000080;\"><strong>TDS \u2013 Section 194S\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1% TDS on transfer of VDAs if Aggregate transaction value &gt; \u20b910,000 in a year (\u20b950,000 for specified persons like individuals with income &lt; \u20b950 lakh &amp; no business income). Applies on payment made in cash, kind, or crypto-to-crypto trades. Exchanges generally deduct TDS on behalf of traders.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Gift_of_Crypto_%E2%80%93_Section_562x\"><\/span><span style=\"color: #000080;\">Gift of Crypto \u2013 Section 56(2)(x)\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you receive crypto as a gift, it is taxable as Income from Other Sources at market value (unless exempt under relatives\/marriage\/gift exemptions).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"GST_Impact_for_BusinessesExchanges\"><\/span><span style=\"color: #000080;\">GST Impact (for Businesses\/Exchanges)\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As per GST law, crypto exchanges must charge 18% GST on transaction fees\/commissions. GST is not levied on crypto transfer itself for investors, only on exchange services.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29556\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India.jpg\" alt=\"\ud83c\uddee\ud83c\uddf3 GST on Crypto in India\" width=\"872\" height=\"1280\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India.jpg 872w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India-204x300.jpg 204w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India-698x1024.jpg 698w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India-768x1127.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/\ud83c\uddee\ud83c\uddf3-GST-on-Crypto-in-India-800x1174.jpg 800w\" sizes=\"(max-width: 872px) 100vw, 872px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ITR_Reporting_of_Crypto_Income\"><\/span><span style=\"color: #000080;\"><strong>ITR Reporting of Crypto Income\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>For Individuals\/Investors\u00a0<\/strong><\/span><\/p>\n<p>Report crypto gains\/losses under Schedule VDA in ITR forms (ITR-2 or ITR-3). Pay 30% tax separately on profits (not merged with normal slab income). Details required:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Date of acquisition &amp; transfer<\/li>\n<li>Cost of acquisition<\/li>\n<li>Sale consideration<\/li>\n<li>Income (profit) calculated<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>For Traders\/Business Income <\/strong><\/span><\/p>\n<p>If frequent trading is your business activity, file under ITR-3 (PGBP). Still taxed u\/s 115BBH (30%).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-30006\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/Crypto-Reporting-in-ITR.-.jpg\" alt=\"Crypto Reporting in ITR\" width=\"971\" height=\"1007\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/Crypto-Reporting-in-ITR.-.jpg 831w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/Crypto-Reporting-in-ITR.--289x300.jpg 289w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/Crypto-Reporting-in-ITR.--768x797.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/Crypto-Reporting-in-ITR.--800x830.jpg 800w\" sizes=\"(max-width: 971px) 100vw, 971px\" \/><\/p>\n<p><span style=\"color: #000080;\"><strong>For NRIs <\/strong><\/span><\/p>\n<p>Same tax rules apply on VDAs purchased in India or through Indian exchanges. DTAA relief may not be available for VDA taxation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_different_types_of_crypto-related_incomes_are_taxed_and_reported_in_India\"><\/span><span style=\"color: #000080;\"><strong>How different types of crypto-related incomes are taxed and reported in India. <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<thead>\n<tr>\n<td><span style=\"color: #000080;\"><strong>Type of Crypto Income<\/strong><\/span><\/td>\n<td><span style=\"color: #000080;\"><strong>Tax Rate<\/strong><\/span><\/td>\n<td><span style=\"color: #000080;\"><strong>Where to Report in ITR<\/strong><\/span><\/td>\n<td><span style=\"color: #000080;\"><strong>Loss Offsetting<\/strong><\/span><\/td>\n<td><span style=\"color: #000080;\"><strong>TDS Deducted<\/strong><\/span><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Crypto Trading<\/td>\n<td>30%<\/td>\n<td>Schedule VDA<\/td>\n<td>\u00a0Not allowed<\/td>\n<td>\u00a0Yes<\/td>\n<\/tr>\n<tr>\n<td>Crypto Futures<\/td>\n<td>Slab Rate<\/td>\n<td>Business Income<\/td>\n<td>\u00a0Allowed<\/td>\n<td>\u00a0No<\/td>\n<\/tr>\n<tr>\n<td>INR-Margined Futures<\/td>\n<td>Slab Rate<\/td>\n<td>Business Income<\/td>\n<td>\u00a0Allowed<\/td>\n<td>\u00a0No<\/td>\n<\/tr>\n<tr>\n<td>USDT-Margined Futures<\/td>\n<td>30%<\/td>\n<td>Schedule VDA<\/td>\n<td>\u00a0Not allowed<\/td>\n<td>\u00a0Yes<\/td>\n<\/tr>\n<tr>\n<td>Gifts (Crypto\/Airdrops)<\/td>\n<td>Slab Rate <em>(if &gt; \u20b950,000\/year)<\/em><\/td>\n<td>Income from Other Sources<\/td>\n<td>\u00a0Allowed<\/td>\n<td>\u00a0No<\/td>\n<\/tr>\n<tr>\n<td>Airdrops<\/td>\n<td>Slab Rate<\/td>\n<td>Income from Other Sources<\/td>\n<td>\u00a0Allowed<\/td>\n<td>\u00a0No<\/td>\n<\/tr>\n<tr>\n<td>P2P Transactions<\/td>\n<td>30%<\/td>\n<td>Schedule VDA<\/td>\n<td>\u00a0Not allowed<\/td>\n<td>\u00a0Buyer deducts<\/td>\n<\/tr>\n<tr>\n<td>HODL (Holding Crypto)<\/td>\n<td>\u00a0Not taxable until sold<\/td>\n<td>\u00a0Not reported<\/td>\n<td>\u00a0Not applicable<\/td>\n<td>\u00a0No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Penalties for Non-Compliance : Non-disclosure of crypto assets = penalty &amp; prosecution under Black Money Act \/ Benami Law (if foreign or undisclosed). Wrong reporting may lead to scrutiny &amp; demand notices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Important_Notes-_Crypto_Taxation_ITR_Reporting_Guide\"><\/span><span style=\"color: #000080;\"><strong>Important Notes- Crypto Taxation &amp; ITR Reporting Guide<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Section 115BBH imposes a harsh flat tax regime on crypto profits 30% tax, No expense deduction (except purchase cost) &amp; No set-off \/ carry forward of losses. Crypto is taxed at a flat 30% with 1% TDS on transfers. Losses can\u2019t be adjusted. Proper disclosure in Schedule VDA of ITR is mandatory to avoid scrutiny.<\/p>\n<ul>\n<li>Gifts &amp; Airdrops: Taxed only if cumulative value &gt; \u20b950,000\/year.<\/li>\n<li>Future Sale of Gifts\/Airdrops: Gains taxed at 30%, and TDS will be deducted by the platform.<\/li>\n<li>Losses from crypto trading cannot be offset against other income.<\/li>\n<li>Schedule VDA is the dedicated section in ITR for reporting crypto assets.<\/li>\n<li><strong style=\"color: #000080;\">Compliance Checklist \u00a0&#8211; Tax on Profits from Crypto (Virtual Digital Assets)<\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Maintain records of all crypto trades, wallets, and exchange statements.<\/li>\n<li>Ensure TDS (1%) is correctly deducted and reflected in Form 26AS \/ AIS.<\/li>\n<li>Report all crypto income, even if held abroad (ROR status only).<\/li>\n<li>Disclose gifts\/airdrops\/mining rewards as taxable income.<\/li>\n<li>File ITR-2 \/ ITR-3 with Schedule VDA filled correctly.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Common_Mistakes_to_Avoid_When_Filing_ITRs\"><\/span><span style=\"color: #000080;\"><strong>Common Mistakes to Avoid When Filing ITRs<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Not E-Verifying the Return : Submitting the ITR is only half the process. If you don\u2019t e-verify it within 30 days, it\u2019s considered invalid.<\/li>\n<li>Ignoring AIS &amp; TIS Mismatch : Always cross-check your ITR with the Annual Information Statement &amp; Taxpayer Information Summary to avoid discrepancies and notices.<\/li>\n<li>Skipping Capital Gains Reporting : Gains from shares, mutual funds, crypto, or property must be reported\u2014even if reinvested or exempt.<\/li>\n<li>Not Filing When Mandatory : Even if your income is below the taxable limit, filing may be mandatory due to Foreign assets, TDS deductions, High-value transactions.<\/li>\n<li>Omitting Bank Account Details : All active bank accounts (except dormant ones) must be disclosed in the ITR.<\/li>\n<li>Not Comparing Old vs New Tax Regime : Use online calculators or consult a tax expert to determine which regime gives you better tax savings.<\/li>\n<li>Unvalidated Bank Account for Refund : If your bank account isn\u2019t validated on the income tax portal, your refund may be delayed or rejected<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Taxation &amp; ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U\/s 115BBH Applicability on Virtual Digital Assets : Legal Definition Virtual Digital Assets: Under Income Tax Act, cryptocurrencies, NFTs, and similar assets are classified as Virtual Digital Assets (Sec. 2(47A)). Special taxation rules apply from 1st April 2022 onwards. Effective &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9891],"tags":[10336],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30050"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=30050"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30050\/revisions"}],"predecessor-version":[{"id":30055,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30050\/revisions\/30055"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=30050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=30050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=30050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}