Crypto Tax Advisory and Compliance

Specialized Services

Crypto is taxed strictly in India — we compute it correctly, reconcile your exchange and wallet records, and report it so you avoid notices.

In simple words: Crypto is taxed strictly in India — a flat 30% on gains, plus a 1% TDS, and you cannot set off losses. We help you work it out correctly, match it with your exchange and wallet records, and report it the right way so you avoid notices.

💰 Flat 30% tax🧾 1% TDS🚫 No loss set-off📄 Schedule VDA

Overview

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.

RateFlat 30% (Section 115BBH)

TDS1% (Section 194S)

LossesNo set-off, no carry-forward

DeductionOnly cost of purchase

Report inSchedule VDA

Best forCrypto investors & traders

Is this right for you?

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

Checklist

Documents required

Keep clear, recent and readable copies ready — mismatched documents are the most common cause of delays.

From your exchanges

Trading records

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

Money trail

Bank statements showing deposits / withdrawals
Records of crypto-to-crypto swaps
Cost of acquisition for each holding

The exchange trail, the bank trail and your tax return must match — reconciling them is the best protection against a notice.

How long it takes

Timeline & time limits

Once your exchange and wallet data are available, the computation and reporting are usually done within a day or two.

Step 1

Collect

We gather your exchange reports, wallet history and TDS statements.

Step 2

Reconcile

The exchange, wallet and bank trails are matched.

Step 3

Compute

The 30% tax and 1% TDS credit are computed correctly.

Step 4

Report

It is reported in Schedule VDA and the return is filed.

Key dates to remember

With ITR	Report crypto in Schedule VDA
On transfer	1% TDS applies
No set-off	Losses cannot reduce other income
Keep	Exchange & wallet records

How we work

Our simple 5-step process

Collect

Reconcile

Compute

Report

File

What's included

Everything you need to be operational

Crypto gain computation (30%)

1% TDS reconciliation

Exchange & wallet matching

Schedule VDA reporting

Gift & swap treatment

Notice support for mismatches

Avoid these

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

FAQ

Frequently asked questions

How is crypto taxed in India?

Gains are taxed at a flat 30% plus cess, with only the cost of purchase deductible and no set-off of losses.

What is the 1% TDS?

A 1% tax is deducted on transfers of crypto above set limits, usually by the Indian exchange, and is credited against your final tax.

Can I set off my crypto losses?

No. A loss on one coin cannot offset a gain on another or any other income, and it cannot be carried forward.

Is crypto-to-crypto trading taxable?

Yes. Swapping one crypto for another is a transfer and is taxed on the gain at the time of the swap.

Where is crypto reported in the return?

In the dedicated Schedule VDA, transaction by transaction, reconciled with your exchange and wallet records.

Related services

Income Tax Filing Income Tax Notice Management Form 15CA / 15CB

Traded crypto and unsure how to report it?

Talk to CA Somesh Chandak & Associates — we reconcile, compute and report your crypto correctly.

WhatsApp Schedule a call LinkedIn

Disclaimer: This page is for general guidance only and is not a substitute for advice on your specific facts and the latest law. Government timelines and fees vary. Please consult before acting.

Filing season — AY 2026-27ITR filing for FY 2025-26 is on: non-audit due 31 July 2026, audit cases 31 October 2026. Reconcile AIS/26AS before you file.How to choose the right ITR form →

Key due dates at a glance — FY 2026-27

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.

Related insights from our blog

Crypto Tax in India AY 2026-27: 30% Rate, 1% TDS, New Rules

What's Included

VDA tax computation
P2P transaction review
AIS/TDS reconciliation
Notice response
Documentation file
Process-oriented advisory and documentation support

Our Process

Transaction data collection

We collect exchange, wallet, bank and tax records.

Reconciliation

We map deposits, withdrawals, trades, P2P receipts and TDS records.

Tax computation

We compute VDA income as per applicable provisions and available documents.

ITR or notice support

We assist with return disclosure, mismatch explanation or notice response.

Documentation file

We prepare a record pack for future tax, bank or compliance queries.

Get Started

Have questions about this service? Contact us for a free consultation.

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