Crypto Trade Bangla🇮🇳

How does the Modi Budget 2026 impact YOU!🤑 Everything you need to know. 1. Filing of Revised returns - Allowed up to March 31 with payment of a fee. 2. Returns of ITR 1 & 2 - 31 July; Others non-august returns (non-audit): 31 August 3. One-time Foreign Asset Disclosure Scheme with payment of 30% tax and 30% more as fee. Penalty immunity. If Income declared in ITR - penalty of INR 1 Lakh only. 4. Appeals - Pre-payment is reduced from 20% to 10% of core tax amount. 5. Updating of ITR (after re-assessment payment) with 10% extra tax. 6. Framework for Immunity from Penalty (misreporting) - Available by payment of 100% tax amount as Fee. 7. Retrospective immunity for non-disclosure of foreign assets (up to INR 20 lakhs) - Extended retrospectively for penalty immunity. 8. Tax year 2027-28 - ICDS will be done away with and will be integrated into IndAS. 9. BUYBACK - Tax being changed back to Capital Gains. Promoters to also pay a certain rate of tax to avoid tax arbitrage. 10. STT on Futures raised to 0.25% to 0.05%. Options raised to 0.15% from 0.1 & 0.125%. 🚨NO MENTION OF CRYPTO TAX Above details are based on what I have heard in the Budget Speech and may not be entirely accurate.