India Crypto Tax: Super Short Guide
India treats crypto as Virtual Digital Assets (VDAs) and taxes them hard:
30% tax on profits from selling, swapping, or spending crypto.
Only the buy price is deductible — no other expenses.
Losses don’t help: you can’t offset crypto losses against other crypto gains or income, and you can’t carry them forward.
1% TDS on each trade (on the total sale value). You can claim it back as credit in your ITR, but it still hits your cashflow.
Crypto-to-crypto trades are taxed the same as selling for cash.
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