Crypto Tax Filing in India 2025 | FileBob.in



Crypto Tax Filing in India – Complete Guide 2025

India has brought cryptocurrency and virtual digital assets (VDA) under its tax net. If you’ve bought, sold, gifted, or earned income through crypto in FY 2024-25, this guide helps you file taxes correctly and stay compliant under Indian tax laws.

🔢 Crypto Tax Rate in India

Under Section 115BBH, a flat 30% tax applies on gains from transfer of virtual digital assets (VDAs) including Bitcoin, Ethereum, NFTs, etc. This is separate from your regular slab rate.

📉 TDS (Tax Deducted at Source) on Crypto

Section 194S mandates 1% TDS on all crypto transactions above ₹50,000 (₹10,000 for some users). The TDS applies to the buyer at the time of payment. Exchanges deduct this automatically in most cases.

📄 Reporting Crypto Income in ITR

You must report crypto gains/losses in 'Schedule VDA' of ITR-2 or ITR-3. Even airdrops, mining, staking rewards should be declared under income from other sources.

🚫 Can Crypto Losses be Adjusted?

No. Losses from VDAs cannot be set-off against any income (including crypto), and cannot be carried forward to future years. This is unlike capital gains from shares or mutual funds.

❓ Frequently Asked Questions

What is the tax rate on cryptocurrency gains in India?

30% flat on profits under Section 115BBH.

Is there a TDS on crypto trades?

Yes, 1% TDS on trades above ₹50,000 in a year.

Where do I report crypto income in ITR?

In the 'Schedule VDA' section of ITR-2 or ITR-3.

Can I claim crypto losses?

No, crypto losses cannot be set off or carried forward.