Services for clients across India. Applicable state, sector and professional requirements are assessed before an engagement.
Crypto is taxed strictly in India — we review the computation, reconcile exchange and wallet records, and assist with reporting to address notices.
Get crypto tax right, avoid the notice
Gains on crypto and other virtual digital assets are taxed at a flat 30% (plus cess), with only the cost of purchase allowed and no set-off of losses against anything. On top, a 1% TDS applies to transfers, usually collected by the exchange.
Most crypto notices happen because the exchange trail, bank trail and tax return do not match. We reconcile all three, compute the tax correctly and report it in the dedicated Schedule VDA of your return.
Who should choose this
✓ A good fit if
- You have traded or invested in crypto or NFTs
- TDS was cut and you want it reflected correctly
- Your exchange and bank records do not match
- You want to report crypto correctly and avoid notices
✕ Maybe not, if
- You have never bought, sold or received any crypto
Documents required
Keep clear, recent and readable copies ready — mismatched documents are the most common cause of delays.
From your exchanges
- Exchange transaction / tax reports for the year
- 1% TDS certificates or statements
- Details of any crypto received as a gift
- Wallet transaction history
To reconcile
- Bank statements showing deposits / withdrawals
- Records of crypto-to-crypto swaps
- Cost of acquisition for each holding
Timeline & time limits
Once your exchange and wallet data are available, the computation and reporting are usually done within a day or two.
Collect
We gather your exchange reports, wallet history and TDS statements.
Reconcile
The exchange, wallet and bank trails are matched.
Compute
The 30% tax and 1% TDS credit are computed correctly.
Report
It is reported in Schedule VDA and the return is filed.
| With ITR | Report crypto in Schedule VDA |
| On transfer | 1% TDS applies |
| No set-off | Losses cannot reduce other income |
| Keep | Exchange & wallet records |
Our simple 5-step process
Everything you need to be operational
Common mistakes we help you avoid
- Not reporting crypto because TDS was already cut
- Trying to set off crypto losses — which is not allowed
- Ignoring crypto-to-crypto swaps, which are also taxable
- Mismatched exchange, bank and return figures
Frequently asked questions
How is crypto taxed in India?
What is the 1% TDS?
Can I set off my crypto losses?
Is crypto-to-crypto trading taxable?
Where is crypto reported in the return?
Related services
Traded crypto and unsure how to report it?
Talk to CA Somesh Chandak & Associates — we reconcile, compute and report your crypto correctly.
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| Compliance | Due | Note |
|---|---|---|
| ITR (non-audit) | 31 July 2026 | Belated/revised until 31 Dec 2026 |
| Tax audit report | 30 September 2026 | Form 3CA/3CB-3CD |
| ITR (audit cases) | 31 October 2026 | TP cases: 30 November |
| Advance tax instalments | 15 Jun / 15 Sep / 15 Dec / 15 Mar | Interest u/s 234C for shortfall |
| TDS returns (24Q/26Q) | 31 Jul / 31 Oct / 31 Jan / 31 May | Late fee Rs 200/day u/s 234E |
Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.