Crypto Tax in India: How to File VDA Income in Your ITR

Crypto profits are taxed at a flat 30% under Section 115BBH — slab rates and most deductions do not apply.

Crypto losses cannot be set off against any income or carried forward, and cannot offset gains from other coins.

The only deduction allowed is your cost of acquisition; gas fees and platform charges are not deductible.

Exchanges deduct 1% TDS under Section 194S — claim it back in Schedule VDA using your AIS and Form 26AS.

For P2P and foreign-platform trades, the buyer is responsible for deducting and depositing the 1% TDS.