1What counts as a virtual digital asset?
Crypto reporting should be exchange-statement driven. Keep trade history, deposits/withdrawals, wallet transfers, TDS reports and valuation support, especially for foreign platforms.
30% tax, 1% TDS, losses, gifts, foreign exchanges and reporting virtual digital assets.
Last updated 2026-06-12 · Covers FY 2025-26 and FY 2026-27
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Crypto reporting should be exchange-statement driven. Keep trade history, deposits/withdrawals, wallet transfers, TDS reports and valuation support, especially for foreign platforms.
Crypto/VDA gains are generally taxed under the special VDA regime, not normal slab rates. The headline tax is 30% on gains, with limited deductions. Check the asset classification and transaction year.
Crypto/VDA gains are generally taxed under the special VDA regime, not normal slab rates. The headline tax is 30% on gains, with limited deductions. Check the asset classification and transaction year.
1% VDA TDS is a transaction-level compliance mechanism, not final tax. Indian exchanges may deduct/report it; foreign exchanges may not. Reconcile exchange statements with AIS/26AS and self-report missing taxable transactions.
1% VDA TDS is a transaction-level compliance mechanism, not final tax. Indian exchanges may deduct/report it; foreign exchanges may not. Reconcile exchange statements with AIS/26AS and self-report missing taxable transactions.
1% VDA TDS is a transaction-level compliance mechanism, not final tax. Indian exchanges may deduct/report it; foreign exchanges may not. Reconcile exchange statements with AIS/26AS and self-report missing taxable transactions.
VDA loss set-off is heavily restricted. Loss from one VDA transaction generally cannot be set off against other income, and deductions beyond cost of acquisition are limited. Carry-forward is also restricted.
1% VDA TDS is a transaction-level compliance mechanism, not final tax. Indian exchanges may deduct/report it; foreign exchanges may not. Reconcile exchange statements with AIS/26AS and self-report missing taxable transactions.
VDA loss set-off is heavily restricted. Loss from one VDA transaction generally cannot be set off against other income, and deductions beyond cost of acquisition are limited. Carry-forward is also restricted.
Gifted crypto can be taxable for the recipient unless an exemption applies. Relative, occasion and value rules need checking, and later sale needs cost/holding documentation.
Crypto reporting should be exchange-statement driven. Keep trade history, deposits/withdrawals, wallet transfers, TDS reports and valuation support, especially for foreign platforms.
1% VDA TDS is a transaction-level compliance mechanism, not final tax. Indian exchanges may deduct/report it; foreign exchanges may not. Reconcile exchange statements with AIS/26AS and self-report missing taxable transactions.
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