Indian residents who hold or trade crypto on foreign exchanges, or through foreign wallets, have additional compliance obligations beyond the 30% VDA tax. Gains remain taxable in India under Section 115BBH, and where the crypto or the account is held abroad, it may also need to be disclosed in the Schedule FA of the return.
Residents who are ‘ordinarily resident’ must report foreign-held assets, and non-disclosure can attract heavy penalties under the Black Money (Undisclosed Foreign Income and Assets) Act, 2015. For NRIs and returning Indians, the position depends on residential status under Section 6, which must be determined carefully.
We determine your residential status, classify income from foreign exchanges correctly, compute the 30% VDA tax, report foreign holdings in Schedule FA where required, and apply DTAA relief and Foreign Tax Credit where foreign tax has been paid.
Whether you trade on overseas platforms, hold crypto in foreign wallets, or are moving between countries, we make sure your global crypto position is reported accurately under Indian law.
Our Strength Lies in Providing Real-World Practical Solutions
We plan every statutory audit around your AGM and ROC deadlines, so Form AOC-4 and MGT-7 are always filed on time. Our team works to a clear schedule and keeps you updated at each stage, so you never miss a statutory due date.
You get a thorough, Standards-compliant audit at transparent, competitive fees with no surprises. Because we deliver statutory audit, tax audit and ROC filing together, you save on duplicated effort and overall cost.
Our experienced team of Chartered Accountants, Company Secretaries and consultants handles the full compliance chain under one roof — statutory audit, tax audit, GST audit, internal financial controls and annual ROC filings — so everything stays coordinated and consistent.
AVS & Associates is a peer-reviewed CA firm founded by CA Vishnu Agrawal, with 25+ years of experience and five partners. We maintain the highest ethical and professional standards on every engagement, with complete client confidentiality.