Stepwise ITR 3 Filing for AY 2023-24 with Virtual Digital Asset & Future and Option Loss | FinTaxPro
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- Опубліковано 26 лип 2024
- Welcome to another informative video of FinTaxPro, where we provide expert guidance on filing your ITR 3 for Assessment Year 2023-24. In this video, we will take you through the step-by-step process, focusing on the inclusion of virtual digital assets, such as cryptocurrency, and Future and Option Loss.
We will cover a wide range of topics in detail, ensuring that you have a comprehensive understanding of the filing process. Our discussion will include analyzing the case and understanding its intricacies. Additionally, we will explore the Coinswitch report, Coindcx report, and WazirX report, and how they can be utilized effectively for ITR filing.
To simplify the tax calculation process, we will showcase a demo of the Bincos Crypto Tax Calculator, a powerful tool that streamlines the computation of your crypto taxes. Furthermore, we will guide you on how to upload your reports to Binocs, a leading platform for managing your crypto tax obligations.
You can also expect to learn about the pricing of Binocs and how to generate the Binocs Crypto Tax Report, which provides a comprehensive overview of your tax liabilities related to virtual digital assets. We will also cover the necessary steps for preparing data for the Virtual Digital Asset (VDA) schedule.
Additionally, we will delve into the intricacies of Section 115BBH, which pertains to the taxation of income derived from cryptocurrencies. Understanding the computation of income and the set-off provisions of income tax will be crucial aspects of our discussion.
We will guide you on how to calculate tax on your total income and demonstrate the process of downloading prefilled data from the income tax portal, which simplifies the filing procedure. You will also witness a live demonstration of ITR 3 filing using the offline Excel utility and the subsequent generation and uploading of JSON on the income tax portal.
Join us in this comprehensive video as we equip you with the knowledge and tools to confidently navigate the ITR 3 filing process for AY 2023-24, specifically addressing virtual digital assets and Future and Option Loss.
Download Excel Sheet - bit.ly/3K1ACXE
Binocs Crypto Tax Calculator - binocs.co/in/
Apply Discount Code "CA50"
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Video Chapter
0:00 Intro to Topic
0:53 Analyzing the case
4:15 Coinswitch Report for ITR Filing
6:17 Coindcx Report for ITR Filing
7:32 WazirX Report for ITR Filing
8:46 Crpto Tax Calculation
9:27 Demo of Bincos Crypto Tax Calculator
10:20 Uploading report to Binocs
13:54 Pricing of Binocs
15:25 Binocs Crypto Tax Report
16:04 Preparing data for VDA schedule
16:43 Sec 115BBH Tax on income from Crypto
19:50 Computation of Income
21:18 Set off provisions of income tax
23:37 Calculation of Tax on total income
26:40 Download prefilled data from income tax portal
27:10 Live ITR 3 Filing in offline excel utility
47:25 Generate JSON
48:15 Uploading JSON on income tax portal
48:39 Outro
I actually thinking about filling my itr today and this video is suddenly come and fulfill my criteria what a co-incident. I need this type of video so much. Thank you
Very helpful sir
It's great to have people like you on youtube who are spreading this valuable information /knowledge free of cost.
Much appreciated sir. Thank you.
Thanks for the very good advice and helpful vedio ❤❤❤❤❤once again thanks sir❤❤❤
Sir ek aur vedio share mkt f&o pe bhi banaiyega pls...si very helpful and inspiring vedio for you sir,
Once again thanks sir
Thank you so much sir for such great session 😊
Thank you very much sir you are unique
Excellent video
thank you.
I didn't know that business income is settled with other sources of income including STCG / LTCG.
Excellent video sir thankyou so much 👍⚡⚡👌❤
Thanks a lot
Proper way.....thanks sir...🎉🎉🎉
Great
sir i trade forex maket but payout cryto mai milta hai aur usko wazirx sa withdraw karta hu bank mai.. toh muje kis basis per tax dena hoga
Dear Sir B2C ka sale agar nagative araha hai to kya usko b2b me se adjust kar skte hai
Sir F&O k case me,, audit ho ya na ho turnover report nhi krte kya?? Apne direct loss expenses me claim kiya hua h. Wese hi profit v claim kr skte h kya??
Hi sir good morning ...pls if I purchase property from DDA in 2010 n got allotment letter in sep 2010 and payment made every six months in installment how can I calculate cost of acquisition either I take cost of acquisition on payment basis or all payment on allotment date basis and what date I m showing in my income tax return either actual registry date or allotment date because if I take cost of indexation on payment basis how is showing in income tax return .
Dear sir , in schedule itr vda some transaction cost of acquisition is 0 in your eg .how can they get taxed? Please provide details
Why the loss should first be adjusted against normal income and not special income.Is there any provision regarding the same
Sir,
For example,
Agar 1lak buy hai our sell 2lak hai our 2k TDS jama hua hai. (1.98 lak wallet me hai)
To meri VDA me profit kitni hogi?
2-1 lak ya 1.98 - 1 lak
Sir agar mai GST k regular scheme le rakhi ho or mera turnover sirf 10 lakhs hai to mujhy ITR 4 fiel bharni chyea ya ITR 3 it's confusing for me please keep support.
🙏Sir
I am a salired person. My trade turnover is 14,67,335 and losses are 3,10,312. Is tax audit is applicable in my case. Plz guide me.
I have loss of 100 rs in FNO . So can I skip filling the ITR3 and fill the ITR2. Is it possible?
I have Car, mobile phone, laptop as asset. I have home electricity bills, internet bills, mobile recharges as expenses. How to claim such depreciations/ & expenses in F&O Business income?
Sir How is crypto derivatives and options taxed can i pay it as per my slab rate or Flat @30% is applicable in F&O?
Flat 30%
Winning from vda is taxable under which head of income like dream 11 winning.
what is criteria to called crypto investment or crypto trading.
Sir pls help, 3.0 release prime tally may ledger delete kaise kare
hello sir maine 2021 or 2022 me crypto liya aur 2023 me loss me sell kiya lekin is assessment year k transaction me wo capital gains me show karta hai capital gains me in entries ko kaise file kare. ca ypu please help.
Sir agar aapse ITR file krwani h to kaise krwa sakte h , aapka kya kaisa charges rahega....mera salary income hoti h aur own buisness income , plus stock market and mutual fund me invest Kia h and only 10000 ka IND money me us stock kharide h
Total income kuch 5.5 lacs k aas paas aati h
Jisme NPS lia hua h , and kuch ulip policy ka premium jaata h and intrest income h firm se jisme me partner hu
Sir koi salary nahi hai toh shedule s mein kya bhare, khali rakhne par error aa raha hai
Sir MCX COMMODITY (gold ,silver , crude oil , natural gas ,metals etc)NCDEX ke itr file karna bhi batia.
my bank account is freezed from 3 years due to some court case and i receive 80k interest in that saving account yearly and neither i can withdraw that money in present nor in future. How to deal with it in my itr? My income is in 30% bracket
Bro how did you lose so much weight in less than 6 months.. waiting for reply
Binocs is paid ,less than 500 txn also
Sir, crypto holding ko loans and advance mein kyu dikhaya jabki wo investment hai?
मेरी सैलरी 850000/-hai
Stock se short term capital gains 70,000/- है
Intraday me profit 1500/- है
Dividend se profit 5000/-
मेरे को konsa ITR form भरना hoga
sir Please Explain One Blance sheet and Profit and loss for Furtur, option, intraday short term and long term gain its very imp for us
Sir, please clarify on the tax audit rules for Salaried with F&O income.
In this video, you have mentioned it's not required. Can you please share the clause or annexure of the Income Tax Department which states the same.
I have made a separate video on that. Go watch that it is not possible to explain those complex provisions here in comment.
@@FinTaxPro Thank you Sir!
sir I have prepared online ITR-2 but Income summary is NOT showing income from House property and Capital gain, can you pls guide me reason and solution
In case , you had not selected & confirm schedule HP & CG , it will not be reflected in Income Summary.
Unable to signup binocs
Under which head I should show my tuition income in itr 3
PGBP
I have f&0 loss and intraday loss also... Then under which schedule and where I should report my private tutition income
@@FinTaxPro Sir, Please make a video on 44ADA Income + CG+INTRADAY+F& O. It is easy to Understand and learn From your videos.
Hallow sir
I have losses in short term ,long term ,
intraday and f&o so how to show it in itr3
Guide me
Show f&o loss as non Speculative business
sir DPM45 ka error aa raha hai
Sir same crypto currency mein toh hoga na set off
No
Cyrptop & future and intra day ki reporting batao
Batai h video m
Saari transaction ko filter mar ke fifo basis pe banando
Sir only crypto trading karte hai koi business ya salary nahi hai toh kaunsa itr file kare 2 or 3?
ITR 3 kar sakte ho
@@FinTaxPro ITR 2 nahi chalega?
Bhai is bar itr 3 fno ki return ki video nahi bnai apne
Course m h wo
ITR 4?
Sir I have salary income 4.28L approx. + dividend arround 1400 approx. + STCG 1200 approx + LTCG 15k approx. + Loss in F&O -27k approx ,Can u please fille my ITR ??🙏🙏
File ITR-3 in this case
I can file 💯
Sir my wife tuition income 2 lac + STCG 40000 can you please file my ITR RETURN ?
Ky fyda crypto ka FnO tooh dikhaya nhi ! 👽
Y kya hota h
@@FinTaxPro crypto currency me future and option trading krte h vo kese itr m file Krna h stock ke future jese hi pgbp me show Krna h ya schedule vda m as a business income????
Crypto trading business me v 10lacs Tak profit ka tax char dena chahiye government ko, please help to all crypto traders, shree nirmala sitaram ji and shaktikanto das ji, ap dono ko mere taraf se request hai, sare chote khato investor or traders ke liye.