AR

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[Online Support @onlinesupportrk]

🚨 CRYPTO TAX NOTICE – FULL CLARITY (READ ONCE CAREFULLY)

How to check your Virtual Digital Asset (Crypto) transactions online

Many people are receiving emails / notices from the Income Tax Department related to Virtual Digital Assets (Crypto).

Here’s the real explanation 👇

🔹 Income Tax Dept receives crypto data under Section 194S (1% TDS) from exchanges/platforms
🔹 This data appears in your AIS (Annual Information Statement)
🔹 AIS shows GROSS transaction value (total sell value) — NOT actual profit or loss

⚠️ This is where most people make mistakes.

Example:
• You sold crypto worth ₹3,40,614
• Your actual profit may be ₹40,000 or even zero
• AIS will still show ₹3,40,614 because TDS was deducted on that amount

👉 Income ≠ AIS amount
👉 Income = Profit after cost

📌 Where to check your crypto data:
Income Tax Portal
→ Link:- https://t.co/B0OnSmsfE3
→ Login with PAN
→ Click 3line & AIS
→ Again Click AIS
→ Select Financial Year
→ Scroll down
→ “Receipts from transfer of Virtual Digital Assets (u/s 194S)”
→ View

📌 Important legal point:
Even if TDS is already deducted, you must:
• Declare transactions in Schedule-VDA
• Calculate profit correctly
• Pay additional tax if applicable
(30% + cess)

This notice is not punishment.
It is an opportunity to explain or correct via updated ITR (u/s 139(8A)).

Crypto is taxable.
Crypto is trackable.
But crypto tax is manageable —
if done correctly.

#CryptoTax #VDA #IncomeTaxIndia #AIS #ITR #CryptoIndia #Web3India #TaxAwareness

[AR @ASHUTOS49972497]

Resee

[AR @ASHUTOS49972497]

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[UPSC NOTES @UPSC_Notes]

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[jesse.base.eth @jessepollak]

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Put down 👇 base address..
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[AR @ASHUTOS49972497]

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I’m giving away up to $100 to lucky winners! 💸🔥

To enter:
✅ Follow
👍 Like this post
🔁 Retweet
Put down 👇 base address..
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#being based
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That’s it! Winner will be announced soon — good luck! 🍀💰

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[AR @ASHUTOS49972497]

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I’m giving away up to $100 to lucky winners! 💸🔥

To enter:
✅ Follow
👍 Like this post
🔁 Retweet
Put down 👇 base address..
#jesse
#being based
I will select first 100 from comment section to Raffle
That’s it! Winner will be announced soon — good luck! 🍀💰

[AR @ASHUTOS49972497]

🎉 GIVEAWAY ALERT! 🎉
I’m giving away up to $100 to lucky winners! 💸🔥

To enter:
✅ Follow
👍 Like this post
🔁 Retweet
Put down 👇 base address..
#jesse
#being based
I will select first 100 from comment section to Raffle
That’s it! Winner will be announced soon — good luck! 🍀💰

[AR @ASHUTOS49972497]

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