Tax Filing For Gains From Cryptocurrency and Other Business Premium

Business income earned through crypto mining (proof of stake and proof of work) (Upto 500 Transaction)
₹ 11,999
₹ 19,999 (40.00% OFF)

About This PlanAbout This Plan

Business income earned through crypto mining (proof of stake and proof of work) (Upto 500 Transaction)

Services Covered

  • Business income earned through crypto mining (proof of stake and proof of work) (Upto 500 Transaction)
  • Expert Assisted Tax Filing
  • Business Hours Expert Support - Email and Phone
  • Excludes transactions in foreign exchanges
  • Excludes any kind of audit

Who Should Buy

  • Salaried Individuals
  • Freelancers
  • Traders
  • Business income earned through running nodes, masternodes etc
  • Other income earned through sale of NFTs
  • Other business income interest earned on lending crypto
  • Other crypto income earned through ICOs

How It's DoneHow It's Done

  • Purchase of plan
  • Upload documents
  • Financial Statements Preparation
  • Review computation sheet
  • Return filed & acknowledgement generated
10 days estimate

Information GuideInformation Guide

Documents To Be Submitted

  1. Bank statements for the financial year
  2. Income and Expense statements
  3. Auditor reports
  4. Trade Report
    Details of cryptocurrency bought and sold
  5. Bank statement if interest received is above Rs. 10,000/-

FAQsFAQs

  • What is the due date to file business returns?

    In case tax audit is applicable the due date is 30th September otherwise it is 31st July.

  • I am running a business. I wish to know what is advance tax and when do i need to pay it?

    The assessment of income of an year can be made only after year has passed, advance tax is pre payment of your tax liability in the year it is earned. If the tax liability is more than Rs 10,000 in a financial year then advance tax needs to be paid by assessee. The due dates are

    • 15th June(15%)
    • 15th September(45%)
    • 15th December (75%)
    • 15th March (100%)

    Under this plan ClearTax experts will help you access your advance tax liability and assist you in its timely payment.

  • Can I file a revised return to correct a mistake in original return filed?

    Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.

  • Am I required to keep a copy of the return filed as proof and for how long?

    Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to Expert'se) prior to the current financial year. However, in certain Expert'ses the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.

  • Are Audit and Financial statements preparation covered in the plan?

    Prior to return filing, a summary consolidating all financial transactions is prepared. Day to day bookkeeping and audit does not form part of the plan.

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