AI Summary
- Provides a structured breakdown of tax-related crypto data used in your calculations
- The primary use case for this report is ClearTax import and detailed accountant review
- Includes Capital Gains Summary, Derivatives Income, Other Incomes, Other Expenses, Asset Wise P&L, and Data Sources
- Structured differently from the Income Summary Report: designed for section-wise data review rather than a user-friendly overview
- Available to all users regardless of country setting
How Is This Different from the Income Summary Report?
| Feature | Income Summary Report | Tax Filing Data Report |
|---|---|---|
| Purpose | User-friendly overview of financial activity | Structured data breakdown for accountants and filing tools |
| Layout | Consolidated summaries | Section-wise data breakdown |
| Primary use case | Personal review of gains and income | ClearTax import and detailed CA review |
| Best for | Understanding your tax picture | Accountants reviewing underlying data |
What Data Is Included?
Capital Gains Summary
- Spot trades: Buying or selling cryptocurrency directly at market price
- Crypto-to-crypto swaps: Exchanging one cryptocurrency for another
- Margin trades: Trading crypto using borrowed funds from an exchange
- P2P transactions: Buying or selling directly with another user
- Number of transfers
- Sale consideration
- Cost of acquisition
- Taxable capital gains
- Losses
- TDS-related details (if applicable)
Income from Crypto Derivatives
Summarises realised profit or loss from futures and options trading.
| Field | Description |
|---|---|
| Total Realised Futures Profit | Cumulative profits from futures trades |
| Total Realised Futures Losses | Cumulative losses from futures trades |
| Futures Turnover | Sum of profits and losses from futures |
| Brokerage Fees for Futures | Fees paid on futures trades |
| Funding Interest Received | Funding payments received from perpetual contracts |
| Funding Fees Paid | Funding payments made during trading |
| Net Gains from Futures | Profit after brokerage deduction |
| Total Realised Options Profit | Total profits from options trades |
| Total Realised Options Losses | Total losses from options trades |
| Options Turnover | Calculated turnover for options trading |
| Brokerage Fees for Options | Fees paid on options trades |
| Net Gains from Options | Final profit or loss after fees |
Other Incomes
Records crypto received as income rather than through trading.
| Income Type | Description |
|---|---|
| Airdrops | Tokens received through promotional or network distributions |
| Rewards | Crypto incentives received from platforms or protocols |
| Staking Income | Rewards earned for staking crypto to validate a blockchain |
| Salary Income | Cryptocurrency received as employment payment |
| Consultancy Income | Crypto received as payment for professional services |
| Mining Income | Cryptocurrency earned through mining operations |
Other Expenses
Lists expenses and payments associated with crypto activities.
| Expense Type | Description |
|---|---|
| Margin Interest Paid | Interest charged on borrowed funds for margin trading |
| Mining Expenses | Costs associated with mining equipment or infrastructure |
| Donation Made | Cryptocurrency transferred as a donation |
| Consultancy Expense | Payments made for professional services |
| Miscellaneous Expenses | Other recorded costs related to crypto activity |
| Brokerage Fees | Trading fees charged by exchanges |
Asset Wise P&L
A coin-wise breakdown of profit and loss generated during the financial year.
| Field | Description |
|---|---|
| Asset Name | The cryptocurrency involved |
| Gross Profit | Total profits from that asset |
| Gross Loss | Total losses incurred |
| Net Gains | Final profit or loss |
Data Sources
Lists the exchanges, wallets, or files used to generate the report, including source name, custom name, type, and address or identifier where applicable.
When Would You Use This Report?
- You are importing data into ClearTax for ITR filing
- Your accountant wants a detailed section-wise breakdown of gains and income categories
- You need to verify which assets generated gains or losses
- You want to confirm which exchanges or data sources were used
Frequently Asked Questions
Is this report used directly for tax filing?
Is this report used directly for tax filing?
It provides the data used in tax calculations and is specifically formatted for ClearTax import. The actual ITR filing is typically done using the Complete Tax Report or country-specific reports as the primary reference, with this report serving as the structured data input for tools like ClearTax.
Does this report include derivatives trading?
Does this report include derivatives trading?
Yes. The Income from Crypto Derivatives section provides a full breakdown of futures and options trading results, including turnover, brokerage fees, and funding payments.
Does this report show staking rewards or airdrops?
Does this report show staking rewards or airdrops?
Yes. These appear under the Other Incomes section, valued at the fair market value of the asset when received.
Can I see which assets generated profits?
Can I see which assets generated profits?
Yes. The Asset Wise P&L section provides a coin-wise breakdown of gross profit, gross loss, and net gains for each asset you traded during the year.
What is the difference between this and the Income Summary Report?
What is the difference between this and the Income Summary Report?
Both cover the same categories, but are structured differently. The Income Summary Report is designed for users who want a clear overview of their financial year. The Tax Filing Data Report is structured for accountants doing detailed review and for import into ClearTax.