Report your crypto and Virtual Digital Asset income correctly and pay only the tax you owe. AVS & Associates handles 30% VDA tax, 1% TDS and Schedule VDA reporting in your ITR.
Crypto tax in India is governed by a dedicated regime introduced from FY 2022-23. Income from the transfer of Virtual Digital Assets (VDAs) — cryptocurrencies, NFTs and similar tokens — is taxed at a flat 30% under Section 115BBH, plus applicable surcharge and 4% cess. Unlike other heads of income, no deduction is allowed except the cost of acquisition, and losses from one VDA cannot be set off against gains from another or carried forward.
In addition, a 1% TDS applies under Section 194S on the transfer of VDAs above the prescribed threshold, deducted by the buyer or the exchange at the time of payment. For active traders and investors, this creates a real reconciliation burden between exchange statements, wallet records and the TDS reflected in Form 26AS and the AIS.
We help individuals, traders and businesses correctly classify and report every taxable event — sale to INR, crypto-to-crypto swaps, NFT sales, airdrops, staking and mining rewards, and payments received in crypto. Each has distinct timing and valuation implications that are easy to miss when relying on raw exchange exports.
The tax department now receives transaction data directly from exchanges, and mismatches between your return and the AIS frequently trigger notices. Correctly reporting crypto income protects you from scrutiny, ensures TDS credits are claimed in full, and gives you a clean record for future loans, visas or fundraising. We bring the discipline of a chartered accountancy practice to a fast-moving asset class, so your filing stands up to review.
Our crypto tax engagements span retail investors with a handful of trades, active intraday and derivatives traders on Indian and offshore exchanges, founders paid in tokens, and businesses accepting crypto as payment. Each profile faces a different mix of issues — high-frequency reconciliation for traders, perquisite and FEMA questions for token-paid employees, and revenue recognition for businesses — and we tailor the approach accordingly.
We also support taxpayers who have under-reported VDA income in earlier years and want to regularise their position before a notice arrives. Coming forward proactively, with a clean working backed by exchange and wallet data, is almost always cheaper and safer than waiting for the department to act on the data it already holds.
We start by ingesting your complete trade and wallet history, then build a transaction-level gain/loss working, reconcile every 1% TDS entry against your Form 26AS and AIS, and prepare a return that matches the data the department already holds. You receive a clear computation you can understand and defend, not a black-box number.
Crypto rarely sits in isolation on a tax return — many clients also need help with NRI & resident income tax filing in India, foreign asset reporting and foreign income taxation, alongside day-to-day accounting & bookkeeping services, all handled in-house.
Our Strength Lies in Providing Real-World Practical Solutions
We compute and file your crypto income within your ITR deadline, reconciling exchange and wallet data well before the due date so you never file late or in a rush.
Transparent, fair fees for accurate VDA reporting — and by claiming every rupee of 1% TDS already deducted, we often recover more than the cost of the engagement.
From transaction consolidation and gain/loss working to TDS credit and Schedule VDA filing, your entire crypto tax position is handled in one place.
AVS & Associates is a peer-reviewed CA firm founded by CA Vishnu Agrawal, with 25+ years of experience and five partners. We uphold the highest ethical and professional standards on every engagement, with complete client confidentiality.
Gains from transfer of Virtual Digital Assets are taxed at a flat 30% under Section 115BBH, plus surcharge and 4% cess. Only the cost of acquisition is deductible.
Yes. A 1% TDS under Section 194S applies on the transfer of VDAs above the prescribed threshold, generally deducted by the exchange or buyer. This credit can be claimed against your final tax liability.
No. Under the current VDA regime, losses from one VDA cannot be set off against gains from another, and such losses cannot be carried forward to future years.
If you are a resident and ordinarily resident, holdings on foreign platforms may attract foreign asset reporting obligations. We assess this as part of your return.
Yes. Airdrops, staking and mining rewards are generally taxable on receipt at fair value, and any subsequent sale is taxed again as a VDA transfer. We compute both stages correctly.