I’m an Indian resident and made around **10,000 trades on Binance Futures**. My overall P&L for the year is **-₹1.2 lakh (net loss)**.
Do I still need to pay tax on individual profitable trades, or is tax calculated based on my overall net P&L?
Also, is Binance Futures subject to the **30% VDA tax** or treated differently?
Would appreciate advice from anyone familiar with Indian crypto taxation.
I’m an Indian resident and I trade **crypto futures on Binance**.
I’m honestly getting a little worried and need some clarification from Indian traders/CA professionals.
My situation:
I buy **USDT through Binance P2P using INR**.
I use that USDT to trade **Binance Futures**.
I have made **4,000+ futures trades** during the year.
After adding all my winning and losing trades, my **overall/net gain is only around ₹20,000**.
My Binance account may show a very large total trading volume because I trade frequently, but my actual net profit is only around ₹20,000.
Now my friend told me:
“You have to pay tax for every trade you made.”
This has honestly scared me because I have made 4,000+ trades.
**Is that actually true?**
Does it mean I have to calculate tax separately on every single futures trade and potentially pay tax on the gross amount of each trade, even though my final net profit for the entire year is only ₹20,000?
Or is the taxable amount generally based on the **overall profit/loss**, depending on how Binance Futures is classified for Indian tax purposes?
I’m also confused about the following:
Are Binance Futures profits treated as **VDA income taxed at 30%**, or as **business/F&O income**?
Does the number of trades (4,000+) change the tax calculation?
If I have ₹20,000 net profit after thousands of winning and losing trades, is ₹20,000 the relevant profit figure?
Do I have to report every individual futures transaction in my ITR?
Does buying USDT through **P2P** create a separate taxable event?
Does **1% TDS under Section 194S** apply to my Binance Futures trades or P2P USDT purchases?
Can Binance trading fees and funding fees be considered when calculating the profit?
Which ITR should I file?
What records/reports should I download from Binance to give to a CA?
I’m **not trying to avoid paying tax**. I want to declare everything correctly and pay whatever tax is legally due.
I’m just worried because someone told me that since I made 4,000+ trades, I might have to pay tax on every individual trade even though my total net gain is only around ₹20,000.
**If anyone here actually trades Binance Futures from India and has filed their ITR, please explain how you handled this. CAs/tax professionals especially welcome.**
Do I need to pay tax first for 20000 gain?
I’m an Indian resident and I trade **crypto futures on Binance**.
I’m honestly getting a little worried and need some clarification from Indian traders/CA professionals.
My situation:
I buy **USDT through Binance P2P using INR**.
I use that USDT to trade **Binance Futures**.
I have made **4,000+ futures trades** during the year.
After adding all my winning and losing trades, my **overall/net gain is only around ₹20,000**.
My Binance account may show a very large total trading volume because I trade frequently, but my actual net profit is only around ₹20,000.
Now my friend told me:
“You have to pay tax for every trade you made.”
This has honestly scared me because I have made 4,000+ trades.
**Is that actually true?**
Does it mean I have to calculate tax separately on every single futures trade and potentially pay tax on the gross amount of each trade, even though my final net profit for the entire year is only ₹20,000?
Or is the taxable amount generally based on the **overall profit/loss**, depending on how Binance Futures is classified for Indian tax purposes?
I’m also confused about the following:
Are Binance Futures profits treated as **VDA income taxed at 30%**, or as **business/F&O income**?
Does the number of trades (4,000+) change the tax calculation?
If I have ₹20,000 net profit after thousands of winning and losing trades, is ₹20,000 the relevant profit figure?
Do I have to report every individual futures transaction in my ITR?
Does buying USDT through **P2P** create a separate taxable event?
Does **1% TDS under Section 194S** apply to my Binance Futures trades or P2P USDT purchases?
Can Binance trading fees and funding fees be considered when calculating the profit?
Which ITR should I file?
What records/reports should I download from Binance to give to a CA?
I’m **not trying to avoid paying tax**. I want to declare everything correctly and pay whatever tax is legally due.
I’m just worried because someone told me that since I made 4,000+ trades, I might have to pay tax on every individual trade even though my total net gain is only around ₹20,000.
**If anyone here actually trades Binance Futures from India and has filed their ITR, please explain how you handled this. CAs/tax professionals especially welcome.**
Do I need to pay tax first for 20000 gain?
I’m an Indian resident and I trade **crypto futures on Binance**.
I’m honestly getting a little worried and need some clarification from Indian traders/CA professionals.
My situation:
I buy **USDT through Binance P2P using INR**.
I use that USDT to trade **Binance Futures**.
I have made **4,000+ futures trades** during the year.
After adding all my winning and losing trades, my **overall/net gain is only around ₹20,000**.
My Binance account may show a very large total trading volume because I trade frequently, but my actual net profit is only around ₹20,000.
Now my friend told me:
“You have to pay tax for every trade you made.”
This has honestly scared me because I have made 4,000+ trades.
**Is that actually true?**
Does it mean I have to calculate tax separately on every single futures trade and potentially pay tax on the gross amount of each trade, even though my final net profit for the entire year is only ₹20,000?
Or is the taxable amount generally based on the **overall profit/loss**, depending on how Binance Futures is classified for Indian tax purposes?
I’m also confused about the following:
Are Binance Futures profits treated as **VDA income taxed at 30%**, or as **business/F&O income**?
Does the number of trades (4,000+) change the tax calculation?
If I have ₹20,000 net profit after thousands of winning and losing trades, is ₹20,000 the relevant profit figure?
Do I have to report every individual futures transaction in my ITR?
Does buying USDT through **P2P** create a separate taxable event?
Does **1% TDS under Section 194S** apply to my Binance Futures trades or P2P USDT purchases?
Can Binance trading fees and funding fees be considered when calculating the profit?
Which ITR should I file?
What records/reports should I download from Binance to give to a CA?
I’m **not trying to avoid paying tax**. I want to declare everything correctly and pay whatever tax is legally due.
I’m just worried because someone told me that since I made 4,000+ trades, I might have to pay tax on every individual trade even though my total net gain is only around ₹20,000.
**If anyone here actually trades Binance Futures from India and has filed their ITR, please explain how you handled this. CAs/tax professionals especially welcome.**
Do I need to pay tax first for 20000 gain?
Hi everyone,
I’m a TCS Digital fresher and was auto-allocated to my first project about a month ago. I was assigned a developer role, but the work is very different from my background and current skill set.
The biggest challenge is that I’ve been working from home from day one. As a fresher, I haven’t had the opportunity to sit with experienced teammates, learn by observing them, or receive proper hands-on guidance. I feel that starting my career completely from home has made the learning process much harder.
In this one month, I received only around 5 days of KT. After that, I was asked to complete a development task within a week because of project deadlines. Despite trying my best and reaching out to different team members for help, I still couldn’t complete it. Instead of receiving more guidance, I’m being scolded for not finishing the task, which has become very stressful.
To be honest, I’m under stress every single day. I wake up worrying about whether I’ll be able to complete my tasks. During work, I’m constantly anxious because I don’t fully understand what I’m doing. Even after logging off, I keep thinking about pending work and deadlines. Instead of gradually learning as a fresher, I feel like I’m expected to perform like an experienced developer, and it has started affecting me mentally.
Another issue is that I’m expected to stay online on Teams from 9 AM until around 10 PM, which has made the pressure even worse.
Because of this, I spoke with my manager and explained that the role feels beyond my current level and that I’m struggling. He asked whether I had received KT. I didn’t speak negatively about my team—I simply said that I had received some KT but was still finding it difficult. He asked me to discuss it with my lead.
When I spoke with my lead, he tried to convince me to stay in the project. Later, he told me that if I left the project, they would inform HR and my Digital package could be changed to Ninja, and asked me to continue in the team for a few more days.
Now I’m confused and don’t know what to believe.
My questions are:
Can TCS actually change my Digital role/package to Ninja just because I request to be released from a project?
Will requesting a release from my first project create problems for my career in TCS?
Who is the right person to contact if I genuinely want to be released from a project—my lead, manager, RMG, or HR?
Has anyone been in a similar situation? What did you do?
Any advice would really mean a lot. Thank you. #TCS #stress