Stepwise ITR 3 Filing for AY 2023-24 with Virtual Digital Asset & Future and Option Loss | FinTaxPro

Описание: 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 - https://bit.ly/3K1ACXE
Binocs Crypto Tax Calculator - https://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