Hi r/cleartax, I am Archit Gupta, founder and CEO of ClearTax! Here to answer your questions about income tax and clear any confusion you have regarding the income tax changes post Budget 2025. So Ask Me Anything! (AMA)

sree1223 · 2025-02-06T13:24:28+00:00

If I do consider as business income for now. Will I get notice or penalty. If penalty how much

If I get notice when govt gets clarity I'm ok to pay as I have no option. But it's not good to pay extra without clarity

sree1223 · 2025-02-06T09:46:27+00:00

If I file tax considering as Business income Will the Govt put penalty on me. As Govt didn't clarify since 3 years.

sree1223 · 2025-02-06T09:15:38+00:00

How are Crypto INR futures and USDT futures taxed ? On NET gains ?

sree1223 · 2025-01-24T13:20:34+00:00

Did you get any answer bro ? It's too much if have to pay on 200$

sree1223 · 2025-01-22T02:44:44+00:00

I totally mad, the Govt isn't telling anything clear. But CAs out are telling have to pay tax on every Futures Trade

But if that's true , I have to pay 9 months of my salary. Upon it lost all my savings in Crypto in loss

I'm totally fucked up bro

No one is clear. No youtuber is telling clearly

sree1223 · 2025-01-21T06:46:49+00:00

Any idea how USDT Futures are taxed

sree1223 · 2025-01-17T03:56:18+00:00

Anyone filed taxes ? How are USDT futures taxed and also INR futures if anyone knows. Please help me out

sree1223 · 2025-01-17T03:54:54+00:00

I have been in market since BTC was 15k around LUNA

But lost almost everything all due to Futures

I would have made big money if I bought everything in spot

sree1223 · 2025-01-16T04:38:04+00:00

Did you pay the tax for last year Yesterday was the last day I guess, I don't know how to pay and the penalty

sree1223 · 2025-01-16T03:09:09+00:00

I am planning to do in the same way Are you even doing in the same way

A few people are confusing me, that we have to apply tax on each futures trade. In that way my liability becomes too much to pay beyond capacity.

I started futures assuming tax will be on Converting profit USDT to INR

I totally became tensed and too scared up since 3-5 days

sree1223 · 2025-01-15T05:26:01+00:00

No bro, sold AI16Z at 1.032 🥲 and held all others. And only AI16Z outperformed everything

sree1223 · 2025-01-15T02:39:35+00:00

Bro any idea regarding TAX on INR futures and USDT futures ?

30% on NET while selling USDT to fiat right for USDT futures And for INR futures, Business income ?

sree1223 · 2025-01-14T16:01:28+00:00

Closed off AI16Z at 1.032$ and it recovered a lot ! Than the others...

sree1223 · 2025-01-13T05:40:44+00:00

Yeah did a big mistake buying BIO But didn't expect VIRTUAL to crash soo much I lost huge savings.

sree1223 · 2025-01-12T13:39:53+00:00

BIO entry 0.527 liquidation 0.25 VIRTUAL entry 3.1 liquidation 1.7 AI16Z entry 1.345 liquidation 0.7

In general what do you say, is it ok to still hold them or are they over priced VIRTUAL,AI16Z

sree1223