File ITR for Cryptocurrency 30% tax, zero compliance gaps.
Complete income tax return filing for crypto investors and traders — Schedule VDA computation, multi-exchange transaction consolidation, AIS reconciliation, 1% TDS credit matching, advance tax review, and e-verification — for Bitcoin, Ethereum, altcoin, NFT, DeFi, and all VDA income under Section 115BBH, by qualified Chartered Accountants in Mumbai.
The 1% TDS deducted by your Indian crypto exchange every time you sell is just the beginning of your tax obligation — not the end of it. The actual tax on every rupee of cryptocurrency gain in India is 30% under Section 115BBH. The 1% TDS is a withholding mechanism that the government uses to track crypto transactions — the remaining 29% must be paid as advance tax through the year, and the complete gain must be disclosed transaction-by-transaction in Schedule VDA of your income tax return. The exchange having deducted 1% TDS does not mean your crypto tax compliance is complete.
The income tax department's visibility into crypto activity has grown significantly. Indian exchanges now submit SFT (Statement of Financial Transactions) data to the income tax department — which is then reflected in the taxpayer's AIS. Every sale on CoinDCX, every trade on CoinSwitch, every swap executed on the platform appears in the AIS. The department's automated systems compare this data against the Schedule VDA disclosure in the filed ITR. A mismatch — even a small one — generates a notice. And given that the no-set-off rule means even a net-loss crypto investor may owe 30% tax on their profitable trades, there is no safe harbor in "I didn't make money overall."
Our crypto ITR filing service is built around accuracy — not speed. We collect transaction-level data from every exchange and wallet, correctly classify each event (sale, swap, staking reward, airdrop, NFT sale, DeFi yield), compute the gain for each transaction, reconcile the total against AIS, match all TDS credits, compute the correct advance tax liability, and file the ITR with a fully populated Schedule VDA. We also handle foreign exchange crypto, Schedule FA disclosures, and past-year crypto ITR remediation for clients who have not previously filed VDA income.
Who Files Crypto ITRs Through NDS Advisors
Salaried Crypto Investors
Salaried employees with a crypto portfolio — ITR-2 with Schedule VDA covering Bitcoin, altcoin, and mutual fund crypto holdings alongside salary income and old vs new regime comparison.
Active Crypto Traders
High-frequency exchange traders with hundreds of transactions across multiple platforms — complete transaction-level Schedule VDA computation with every gain correctly identified and the no-set-off rule applied.
DeFi & Staking Income Recipients
DeFi yield farmers, liquidity pool participants, and staking reward recipients — each income event correctly classified, cost-of-acquisition determined, and Schedule VDA populated accurately.
NFT Creators & Collectors
NFT mint income, primary and secondary sale gains, and royalty income from NFT platforms — all classified under VDA and Schedule VDA populated with the correct cost, consideration, and gain.
Foreign Exchange Crypto Holders
Binance, Coinbase, Kraken, and other foreign platform users — Schedule VDA for gains, Schedule FA for foreign crypto assets above ₹20 lakh, and Schedule FSI for foreign-source VDA income.
Past-Year Crypto ITR Remediation
Clients who did not report VDA income in earlier years — updated return under Section 139(8A), notice response, or voluntary disclosure — with minimum penalty exposure and complete compliance restoration.
Our Crypto ITR Filing Process
Transaction Data Compilation
Exchange reports, wallet histories, DeFi records, and NFT transaction data collected from all platforms and converted to INR at transaction-date market rates.
Event Classification
Each transaction correctly classified — exchange sale, crypto-to-crypto swap, staking reward receipt, airdrop, NFT sale — with the applicable tax treatment and cost-of-acquisition applied.
Schedule VDA Computation
Gain computed for every taxable event — consideration received minus cost of acquisition — with the 30% liability and no-set-off rule correctly applied across the full portfolio.
AIS & TDS Reconciliation
AIS crypto SFT data and 1% TDS from Form 26AS matched — advance tax review completed — total tax payable after credits computed before ITR is assembled.
ITR Filing & e-Verification
Complete ITR filed — Schedule VDA, Schedule FA, Schedule FSI where applicable — e-verified within 24 hours and acknowledgement immediately shared with the client.
Why Crypto Investors Trust NDS Advisors for Their ITR
Frequently Asked Questions
Yes. Any person with VDA income must file an ITR — regardless of the gain amount. VDA income is taxable at 30% under Section 115BBH and must be reported in Schedule VDA. Once total income (including VDA gains) exceeds the basic exemption limit, the filing obligation is triggered — there is no minimum threshold exemption for VDA reporting.
Crypto gains are taxed at a flat 30% under Section 115BBH plus surcharge (10%–37% depending on income) and 4% health and education cess. The effective rate for most individuals is 31.2%. No deduction except cost of acquisition is permitted, and no loss set-off is allowed.
Yes. The 1% TDS is a withholding mechanism — not the final tax. The actual tax is 30%. The TDS is credited against your 30% liability, with the remaining 29% payable as advance tax or self-assessment tax. The ITR must still be filed disclosing VDA income in Schedule VDA regardless of TDS deduction.
Required: complete transaction history from all exchanges (date, VDA, quantity, purchase price, sale price); wallet transfer records; fair market value of mining rewards, staking rewards, and airdrops at receipt; exchange TDS reports and Form 26AS; advance tax payment records; and for foreign exchange holdings, proof of year-end value for Schedule FA.
All major Indian exchanges — CoinDCX, CoinSwitch, WazirX, Zebpay, and others — deduct 1% TDS under Section 194S and reflect it in the seller's Form 26AS. For international exchanges (Binance, Coinbase, Kraken), no Indian TDS is deducted — the full tax obligation must be discharged through advance tax and ITR filing by the Indian resident taxpayer.
31 July for non-audit individuals; 31 October for those requiring audit. Advance tax must be paid in four instalments — 15 June (15%), 15 September (45%), 15 December (75%), 15 March (100%). Belated crypto ITRs can be filed up to 31 December with late fee under Section 234F.
Yes. If 1% TDS deducted by exchanges exceeds your actual 30% VDA tax liability — for example, if gains were small or total income is below the exemption limit — the excess TDS can be claimed as a refund by filing the ITR. We calculate exact TDS credit and tax liability before filing to ensure the correct refund claim.
The AIS now has visibility into exchange transactions from AY 2023-24 onwards. Unfiled or incorrectly filed ITRs can be addressed through belated or revised returns for open years, or updated returns under Section 139(8A). For closed years with undisclosed VDA income above ₹50 lakh, the AO may issue reassessment notices under Section 148. We advise on the best remediation approach for every client's specific situation.
Your Crypto ITR Filed, Every VDA Transaction Accounted For
30% tax computed, Schedule VDA populated transaction-by-transaction, AIS reconciled, and TDS credits matched — our CA team files your crypto ITR accurately, ensuring zero compliance gaps and full notice protection.
File My Crypto ITR or call +91 9819 000 511