Many taxpayers traded VDAs after the special regime began but never filed Schedule VDA. PJRJ rebuilds multi-year exchange and wallet history, computes special-rate gains under Section 115BBH of the Income-tax Act, 1961 (Section 194 (Table S. No. 4) of the Income-tax Act, 2025), and files belated or updated returns where the law still allows — with working papers ready for AIS or notice replies. We do not invent set-offs or erase history.
Who this engagement is for
- Individuals who traded crypto/NFTs but omitted Schedule VDA in past ITRs
- Taxpayers receiving AIS mismatches or notices on exchange or P2P activity
- Clients who filed ITR-1 incorrectly despite VDA transfers
- Founders and employees paid partly in tokens without prior disclosure
- Anyone who needs a clean trail before a loan, visa, or scrutiny
What we deliver
Multi-year gap analysis
Year-by-year map of what was filed vs what exchange/wallet data shows — including periods with incomplete CSVs.
Schedule VDA rebuild
Recompute taxable transfers and special-rate gains with supportable cost where records allow; document residual gaps.
Belated / updated return path
Advise whether a belated return or updated return under Section 263(6) of the Income-tax Act, 2025 (erstwhile updated-return rules) is available for each year — then prepare the filing pack.
Interest & fee estimate
Quantify exposure under Section 234A of the Income-tax Act, 1961 (Section 423 of the Income-tax Act, 2025), Section 234B of the Income-tax Act, 1961 (Section 424 of the Income-tax Act, 2025), Section 234C of the Income-tax Act, 1961 (Section 425 of the Income-tax Act, 2025), and late-fee provisions before you file.
AIS / notice reply pack
Same workings used for filing, ready to answer departmental queries without rewriting the story.
Going-forward hygiene
Checklist so the next year does not repeat the same disclosure failure — optional link to the ongoing Crypto / VDA Tax desk.
Scope boundary: Remediation is disclosure and computation under Indian tax law. We will not coach concealment, backdated invoices, or fabricated cost bases.
How an engagement runs
- 1Share prior ITRs, AIS/26AS, and all available exchange/wallet exports
- 2We produce a year-wise gap memo and recommended filing path
- 3Rebuild Schedule VDA workings and interest/fee estimate
- 4Partner review and e-filing of permitted belated/updated returns
- 5Handoff of working papers; optional notice support
Crypto ITR Remediation FAQs
Not always — limitation and updated-return windows matter. We tell you early which years remain open and which need a different strategy (e.g. notice response only).
Honest disclosure with workings is usually safer than silence after AIS already shows the activity. We cannot guarantee no inquiry — we can make the file defensible.
No. We file the correct subsequent position the law allows and keep a clear audit trail of what changed and why.
Discuss your crypto itr remediation requirements
Speak directly with a PJRJ income tax specialist — we respond within one business day.