Filing ITR with crypto investments: Common reporting mistakes that could trigger tax scrutiny
New Delhi, July 15 -- If you have invested in cryptocurrencies during FY 2025-26, filing your ITR requires more than just checking whether TDS has been deducted.
As the Income Tax Department tracks your transactions, even small reporting mistakes can result in mismatches, delayed refunds or even tax notices. Here are some common mistakes crypto investors should avoid while filing their income tax returns.
Many investors assume that once 1% TDS has been deducted on a crypto transaction, they have no further tax liability.
"TDS is only a tax collection mechanism that helps the Income Tax Department track transactions. Investors must still calculate their taxable gains, report them in the appropriate schedules and pay any additional tax l...
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