r/IndiaTax

I was going through CoinDCX global futures equities investing. I want to know how are global futures in crypto taxed? In CoinDCX official help section it states that it is accounted in Other Incomes section and taxed at my income slab. But I did some research on my own and IT provisions are not clear for global futures in equities. Any CA to help me out before I invest lumpsum

1. How are the gains taxed (Say I invest 5 lakhs and make a profit of 1 Crore, how will that be taxed)
2. Is the USDC/USDT gains from intra-transactions comes under VDA section
3. Are the cost like fees,gst and funding tax deductable
4. Do I need to file ITR2 or ITR3
5. Can I still get IT notice even after compliance.

PS : I have salary income and CG income only

I recently landed a new job paying $9,800 USD/month. I'm planning to bring my two brothers in to help with the work, and we'd split the income equally (about $3,267 each per month).

What's the best structure for this: a private limited company, a partnership firm, an LLP, or something else? I'm mainly looking at:

Tax efficiency

Ease of setup and compliance

Receiving foreign payments in USD

Same as title.

To mods- not sure if this is the correct aub for this question if it breaks any rules please delete the post. Please don't ban me.

I'm an Indian freelancer working with 5 international clients, and I'm struggling to understand the EDF filing procedure.

How does it actually work for service exports? Do I need to file an EDF for every invoice, or does my bank handle it? What happens when multiple invoices are paid together or payments arrive in different months?

Could someone explain the process in simple terms and share how they handle it in practice? I'm completely confused about where to start.

An undisclosed foreign bank account remains within the Black Money Act even if it was opened before the Act or closed later. It is taxed in the year it comes to the Assessing Officer's notice when its source is not explained.

UAE records showed an Emirates NBD Bank, Dubai account with an AED 5,000 credit and a 10% shareholding in Santech International FZE with AED 3,000 share capital.

The Dubai bank account and UAE company interest were not disclosed in the Income Tax Returns, Schedule FA or under the Black Money Act disclosure provisions.

Section 3 taxes an undisclosed foreign asset in the year it comes to the AO's notice. The information reached the AO on 25.04.2019, so AY 2020-21 was correct. Section 72(c) also covers pre-Act assets where no declaration was made. The source of the AED 5,000 was not proved with evidence.

Ashok Shankar v ACIT before Delhi ITAT

I closed my GST registration in 2020. I missed the deadline for the final return, GSTR-10, but filed it in November 2024 and paid ₹20,000 in late fees.

Now I’ve received a notice proposing another ₹50,000 penalty. It says I have not filed GSTR-10, although I filed it almost two years ago. I have the filed return showing the filing date and payment.

Has anyone dealt with this? What should I write in my reply, and which documents should I attach? Do I need to attend a hearing? I want to respond properly before the deadline.

Hi,

I’m looking for someone experienced to handle my SEBI Research Analyst (RA) registration end-to-end through the BSE RAASB portal — documentation, filing, replies to queries, follow-ups — until I receive my SEBI RA registration number.

What I will pay you:

• ₹5,000 as your professional/consultancy fee.
• I will pay all official fees separately at actuals — BSE/SEBI fees, GST, NISM exam fee, FD/lien deposit, etc. Those are not included in the ₹5k.

Payment terms:

• No advance.
• ₹2,500 after BSE clears/forwards my application.
• ₹2,500 after SEBI clearance and I receive my SEBI RA registration number.

What I will handle myself:

• NISM Series XV certification.
• Providing all required documents.
• Paying all official government/portal fees directly.

What I need from you:

• Proper filing and follow-up on BSE RAASB.
• Handling clarifications/queries if the application gets sent back.
• Guidance on documents and format.

If you have done at least one SEBI RA registration before, DM me with:

• Your experience.
• Exactly what you will handle.
• Realistic timeline.
• Any extra costs I should know about.

If ₹5k is unrealistic for this scope, please comment what a realistic professional fee and payment structure looks like.

I’m not looking for shortcuts or guarantees — only proper filing and follow-up.

I’m an NRI selling a residential property in India and would appreciate advice from anyone familiar with NRI property TDS / Section 195 (and the corresponding provisions under the Income-tax Act, 2025).

My facts:

• Property purchased in June 2018 for ₹49.90 lakh
• Stamp duty and registration were paid separately
• Proposed sale in October 2026 for ₹70 lakh
• Property has therefore been held for more than 24 months and should be LTCG
• I’m an NRI
• Sale proceeds will be credited to my Indian bank account; I am not planning to remit the money abroad
• The buyer wants to deduct 13.5% TDS on the entire ₹70 lakh, i.e. ₹9.45 lakh

The Income Tax Department's NRI property FAQ appears to say that for an NRI selling long-term immovable property, “the tax shall be deducted from the gains”, with a 12.5% LTCG rate for transfers on/after 23 July 2024. https://www.incometaxindia.gov.in/w/what-is-the-applicable-tds-rate-when-a-non-resident-sells-immovable-property-in-india-?utm_source=chatgpt.com

My approximate capital gain before considering stamp duty/registration and other eligible costs is only around ₹20.1 lakh.

The buyer is willing to deduct TDS based on the actual taxable gain, but his CA says they need an lower-TDS determination before doing so. We only have about 10 days before the proposed sale, so obtaining an order may be difficult.

My questions:

1. If the buyer deducts TDS on the capital gain rather than the full ₹70 lakh without first obtaining the LDC, what is the actual legal risk/liability for the buyer?
2. Is the buyer legally required to deduct TDS on the entire ₹70 lakh simply because I am an NRI, or can TDS be based on the taxable capital gain?
3. If excess TDS is deducted on ₹70 lakh, I understand I can claim the excess back through my ITR, but that would unnecessarily block ~₹6–7 lakh. Is there a practical way to avoid this?
4. Has anyone actually gone through the Form 129 / AO determination process recently, and how long did it take?

I’m particularly interested in responses from Indian CAs, tax lawyers, or people who have actually handled an NRI property sale.

I got a mail for the fast DS and have few queries wrt it.

I joined a company in 2021 and got 3L per year worth of stocks. The first vesting happened in 2022 and post that quarterly it gets vested.

I filled my first ITR in 2022 -- this was all good as I haven't received any stocks so far.

However in 2023 and 2024 I received RSU worth around 7L and few 100s doller dividend on it. However, I didn't disclose this in FA and neither about the dividend.

However, in 2024 end, I changed my company and in 2025 ITR I did report all the RSUs that i was holding. Also, i haven't sold any of the RSUs so far.

Also, in the latest 2026 ITR too I have been disclosing the FA and dividends correctly.

Could you help on what is to be done in such cases?

Also, my new company is giving me RSUs too and the overall value this year has crossed 20L ( but I am reporting it correctly). The only time I missed it was for year 2023 and 2024.

As in title I have INDmoney account since 2021, I've done very minimal amount of transactions. Now I've received notification under Fast DS. When I checked AIS, I see 1$ or 83 rupees as interest. The account balance itself is zero for drive wealth/ INDmoney account. What should I do ? Should I submit clarification? Should I file the 2023-24 itr again ? I have nothing shown in AIS from 2024 onwards or before 2022 too.

My wife and I have been NRIs since 2021. Our AIS/REPORTS are showing Foreign bank accounts in CY 2022, 2023 and 2024. These accounts are in our joint names but total amounts are shown against each PAN (meaning the total amount shown is double of the actual). Should we provide feedback saying the amounts shown are of joint accounts? Or ignore as we are NRIs?

I hold US company RSUs vested from my previous organization which I left in 2021 Oct. RSUs vested was shown as Salary income in the year vested and I used to pay tax on them. I was not aware that we are also supposed to declare it as FA while submitting ITR.

Last year I got a notice to refile ITR with details of FA that are there in my name, so re-filed the ITR. This year also I filed the details of my US stocks holding. I do not have any other FA other than these stocks which vested.

Looks like even though there is no shares vested after I left the organization, every year around $40 dollars is added as dividend and after tax withhold of 30% by morganstanley rest were re-invested into the shares.

few days back I got a Advisory saying "Important Advisory: Opportunity for Voluntary Compliance regarding Foreign Assets (FAST-DS, 2026)" came from Income Tax dept.

I Looked in AIS and found that there is 40$ FA dividend being shown roughly around Rs3000. for the years 2022,23,&24.

I was reading lot of articles and they are saying that I need to file FAST-DS under category and pay a fees of Rs 1Lakh. I am confused what to do.

Please suggest.