Best crypto tax software in India.

Under Section 115BBH (introduced in Finance Act 2022), all crypto gains are taxed at a flat 30% with no loss offset and no deductions besides cost of acquisition. A 1% TDS (Tax Deducted at Source) applies under Section 194S on transfers above ₹10,000 per transaction. Losses cannot be carried forward or netted against other gains.

Crypto income goes on ITR-2 (or ITR-3 if you have business income) under Schedule VDA (Virtual Digital Assets). The Section 115BBH 30% flat rate applies regardless of holding period. Koinly and Crypto Tax Calculator support India; CoinDCX and WazirX provide their own tax exports.

ITR for individuals is due 31 July following the end of the financial year (31 March). Late filing carries penalties; if total income exceeds ₹5 lakh, late penalty rises to ₹5,000.

No — Section 115BBH explicitly disallows loss offset across crypto transactions. Each profitable transaction is taxed at 30%; losses on other transactions cannot reduce that tax. This makes India's crypto tax effectively a "gross gains" tax rather than a "net gains" tax — uniquely punitive globally.

Koinly and Crypto Tax Calculator both support India natively, including Section 115BBH calculation and TDS tracking. WazirX and CoinDCX, India's largest exchanges, provide their own tax reports — typically accurate for activity on those exchanges only.