Trading In crypto

how to treat crypto currency transaction in itr.
Replies (5)
Quick Summary
This discussion clarifies how to declare cryptocurrency profits on your UK Income Tax Return (ITR). It explains that profits from selling crypto should be declared under the 'IFOS' (Income from Other Sources) section, specifically under 'Other' and labelled as 'Profits from Crypto'. The tax rate is a special flat rate of 30%, paid via self-assessment, and whether the gain is long-term or short-term does not affect this rate.

Declare profits from sell at 30% special rates under head IFOS...

Then is there any option to declare profit from crypto in ifos

Under 'Other'................ specify 'Profits from Crypto'

Then how to pay tax at special rate I.e 30% by self assessment. and weather to specify its long term or short term gain or it doesn't make any difference?

You have to tick the tab for income chargeable at special rate........

Long or short term will not make any difference..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details