Schedule VDA

ExpressITR || Virtual Digital Assets Details (Schedule VDA)

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Entering Virtual Digital Asset (VDA) Details in ExpressITR
This article provides a detailed, step-by-step guide for entering Virtual Digital Asset (VDA) information in Schedule VDA within ExpressITR. Accurate entry of these details ensures proper tax reporting and compliance with Income Tax requirements.

Step 1: Open the Return Flow
  1. Access the relevant Client Profile in ExpressITR.
  2. Navigate to the ITR Summary section.
  3. Click on Return Flow to initiate the ITR filing process.
      

Step 2: Access Schedule VDA
  1. Go to the Capital Gains section.



  2. Select Schedule VDA to begin entering details related to Virtual Digital Assets.
      

Step 3: Enter VDA Details
In Schedule VDA, provide the following information:
  1. Date of Acquisition: Enter the date on which the Virtual Digital Asset was originally purchased.
  2. Date of Transfer: Specify the date on which the asset was sold, transferred, or otherwise disposed of.
  3. Income Head: Choose the applicable income head under which the VDA transaction should be taxed.
  4. Cost of Acquisition: Enter the original purchase cost of the VDA.
  5. Consideration Received: Provide the total amount received from the sale or transfer of the VDA.
      

By accurately completing the fields in Schedule VDA, users can ensure correct reporting of Virtual Digital Asset transactions in ExpressITR. This process supports compliance, enhances reporting accuracy, and simplifies the overall ITR filing workflow.

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