đ Indian crypto tax
Many people in India trade crypto without knowing these 4 rules:
1ïžâŁ Profits are taxed at a flat 30% (plus 4% cess). It makes no difference whether you hold for a day or a year.
2ïžâŁ You can only deduct the cost of buying. Fees, internet and other expenses don't count.
3ïžâŁ Losses can't be set off against other income, and they can't be carried forward.
4ïžâŁ There is a 1% TDS on sales. It's not an extra tax. It's an advance that appears in your tax records.
Report everything under Schedule VDA in your ITR, even if you made a loss.
Do you track your trades, or do you plan to figure it out at filing time? đ
$BTC $ETH #CryptoTax #India #Binance #LearnWithBinance
Not financial or tax advice. Check with a CA for your case.
Losses on VDA transactions can't be set off against other income or carried forward, and Schedule VDA reporting is mandatory from FY 2025-26. The 30% tax and 1% TDS were still in effect as of the latest 2026 guide I found. Tax rules can change, so skim the Binance Square terms and any new CBDT notifications before posting.
Many people in India trade crypto without knowing these 4 rules:
1ïžâŁ Profits are taxed at a flat 30% (plus 4% cess). It makes no difference whether you hold for a day or a year.
2ïžâŁ You can only deduct the cost of buying. Fees, internet and other expenses don't count.
3ïžâŁ Losses can't be set off against other income, and they can't be carried forward.
4ïžâŁ There is a 1% TDS on sales. It's not an extra tax. It's an advance that appears in your tax records.
Report everything under Schedule VDA in your ITR, even if you made a loss.
Do you track your trades, or do you plan to figure it out at filing time? đ
$BTC $ETH #CryptoTax #India #Binance #LearnWithBinance
Not financial or tax advice. Check with a CA for your case.
Losses on VDA transactions can't be set off against other income or carried forward, and Schedule VDA reporting is mandatory from FY 2025-26. The 30% tax and 1% TDS were still in effect as of the latest 2026 guide I found. Tax rules can change, so skim the Binance Square terms and any new CBDT notifications before posting.
