Schedule VDA

ExpressITR || Virtual Digital Assets Details (Schedule VDA)


How to Enter Virtual Digital Assets (VDA) Information in Express ITR (Schedule VDA)

To accurately record details for Virtual Digital Assets (VDA) in Express ITR, follow these streamlined steps:

Step 1: Navigate to the Return Flow
  1. Open the relevant client profile in Express ITR.
  2. In the ITR Summary section, select Return Flow to begin.
      

Step 2: Access Schedule VDA
  1. Under the Head of Income section, locate and open Schedule VDA.
      

Step 3: Enter VDA Details
In Schedule VDA, fill in the following information as required:

      
  1. Date of Acquisition: Enter the date when the VDA was initially acquired.
  2. Date of Transfer: Specify the date of sale or transfer of the VDA.
  3. Income Head: Choose the appropriate income head under which the VDA income is to be taxed.
  4. Cost of Acquisition: Record the original acquisition cost of the VDA.
  5. Consideration Received: Indicate the amount received from the transfer of the VDA.

By following these steps, you can effectively input all necessary VDA details in Express ITR, ensuring compliance with accurate and comprehensive data entry.

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