Cómo declarar criptomonedas en India
India applies one of the toughest regimes in the world: a flat 30% on crypto gains, with no possibility of offsetting losses, and a 1% TDS on every sale above the threshold.
Quick Tax Summary
- Tax type
- Special tax on virtual digital assets (Section 115BBH)
- Tipo aplicable
- 30% flat + 4% cess; 1% tax deducted at source (TDS) on each sale
- Tax-exempt minimum
- No exempt minimum or deductions, except for the cost of acquisition
- Crypto-to-crypto
- Yes, taxed at 30%
- Staking y recompensas
- Taxed as income according to the general tax bracket; subsequent sale at 30%
- Losses
- Cannot be offset or carried forward to future years
- Filing deadline
- July 31 of the following year (fiscal year April-March)
- Formularios
- ITR-2 or ITR-3, VDA annex
- Sanciones
- Up to 200% of the evaded tax
- Autoridad fiscal
- Income Tax Department (CBDT)
The 30% and the 1% TDS
Only the cost of acquisition can be deducted; commissions or other expenses are not allowed. The 1% TDS withheld by the exchange is credited to your return. As of 2025, digital assets are included in block inspection rules, and exchanges must report to the tax authorities.
Regional context
Asia has very different regimes: from countries with no capital gains tax (Singapore, Hong Kong) to flat rates of 30% (India). Several countries are reforming their rules, so it is advisable to review the current regulations each year.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Asia
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.