Important Tax Information for Indian Traders
- •30% Tax: All income from transfer of Virtual Digital Assets (VDAs) is taxed at a flat 30% under Section 115BBH
- •1% TDS: Tax Deduction at Source applies to transactions exceeding ₹10,000 (aggregate per financial year)
- •No Loss Offset: Crypto losses CANNOT be set off against any other income or carried forward
- •Reporting: You must report all crypto transactions in your Income Tax Return (Schedule VDA)
TDS Calculator
1% TDS for transactions > ₹10,000
How to File ITR for Crypto
Step-by-step guide for Indian taxpayers
📝 Required Documents:
- Transaction history from MitraGlobal
- Bank statements showing crypto purchases
- TDS deduction receipts (if applicable)
- PAN card and Aadhaar details
🎯 Filing Steps:
- Login to Income Tax e-Filing portal
- Select appropriate ITR form (ITR-2 or ITR-3)
- Navigate to Schedule VDA (Virtual Digital Assets)
- Enter your crypto transactions details
- Report capital gains/losses
- Include TDS details in Schedule TDS
- Verify and submit your return
Important: MitraGlobal provides downloadable transaction reports. Go to your Dashboard > Reports to export your trading history for tax filing.
Income Tax Portal
File your ITR online
Download Reports
Export transaction history
Tax FAQs
Common tax questions
⚠️ Disclaimer
The information provided on this page is for educational purposes only and should not be considered as tax, legal, or financial advice. Tax laws are subject to change, and individual circumstances vary. We strongly recommend consulting with a qualified Chartered Accountant (CA) or tax professional for personalized advice. MitraGlobal is not responsible for any tax liabilities, penalties, or legal consequences arising from non-compliance with Indian tax laws. Users are solely responsible for meeting their tax obligations.