Crypto Tax Filing

Overview

Crypto isn't a capital asset under Indian tax law — it's its own category

Under Section 115BBH, gains from Virtual Digital Assets — cryptocurrency, NFTs, and similar tokens — are taxed at a flat 30% (plus applicable surcharge and cess), regardless of how long you held them. Only the cost of acquisition can be deducted; no other expense is allowed. Losses from one VDA cannot be set off against gains from another VDA, or against any other income, and cannot be carried forward at all. On top of this, exchanges deduct 1% TDS under Section 194S on qualifying transfers, which must be reconciled at filing time.

Every transaction taxed at the right flat rate

Gains computed at 30% with only cost of acquisition deducted — no indexation, no other expense claims, applied consistently across every trade.

TDS reconciled across every exchange

1% TDS under Section 194S from each exchange and wallet is matched against your AIS/Form 26AS so no credit is missed.

P2P and wallet transfers accounted for

Not just exchange trades — peer-to-peer transfers, gifts, and wallet-to-wallet movements that count as taxable events are identified and included.

Try it now

See your estimated tax in seconds

A quick estimate to get you started — for a precise number tailored to your situation, book a consultation

Tax regime

Annual income (₹)

₹

₹0₹25L₹50L+

Estimated tax payable

₹ 97,500

Effective rate 6.5% · new regime on ₹15,00,000

Taxable income₹ 14,25,000

Tax as per slabs₹ 93,750

Health & education cess (4%)+₹ 3,750

The New Regime saves you ₹ 1,59,900 compared to the Old Regime.

Illustrative estimate for FY 2025-26 — assumes salaried income eligible for the standard deduction, and includes the Section 87A rebate and 4% cess. Surcharge is applied at a flat rate without its own marginal relief. Does not account for other deductions or individual circumstances. Book a consultation for an exact figure.

Simple, from start to finish

How it works

Book a consultation

Tell us which exchanges and wallets you've used, and roughly how many transactions are involved.

Share your transaction history

Export and share statements from every exchange and wallet, along with any TDS certificates received.

We compute gains per asset

Cost of acquisition and sale value are matched for each VDA, gains are taxed at the flat rate, and TDS credit is reconciled.

File & confirm

We file your return with the Schedule VDA correctly completed and send you the acknowledgement.

Typically 4–6 days depending on the number of exchanges and wallets involved

Questions

Frequently asked

01What's the actual tax rate on crypto gains?

A flat 30% under Section 115BBH, plus applicable surcharge and cess, on every gain — whether you held the asset for a day or three years. There's no long-term concessional rate for VDAs.

02Can I set off crypto losses against gains?

No. Losses from one VDA cannot be set off against gains from another VDA, and cannot be set off against any other income such as salary or capital gains. They also cannot be carried forward to future years — this is unique to Section 115BBH.

03What is the 1% TDS I keep seeing on crypto transactions?

Under Section 194S, exchanges (and in some cases the buyer) deduct 1% TDS on qualifying transfers of VDAs above the threshold. This TDS is credited against your final tax liability when you file, so it needs to be matched to your AIS.

04Are peer-to-peer transfers and NFTs taxed the same way?

Yes — the definition of Virtual Digital Assets under the Income Tax Act covers cryptocurrency, NFTs, and similar tokens, and P2P transfers, gifts above the specified threshold, and wallet movements can all be taxable events, not just exchange trades.

05Why book a consultation instead of filing this myself?

No loss set-off, mandatory flat-rate taxation on every transaction, and TDS scattered across multiple exchanges and wallets make crypto returns unusually easy to get wrong — and the absence of any loss relief means a missed computation directly costs you money, not just paperwork.

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