Crypto earned through staking, mining, airdrops and hard forks is taxable in India. These rewards are generally taxable when received, and any subsequent sale of the tokens is taxed again as a Virtual Digital Asset (VDA) transfer at a flat 30% under Section 115BBH, plus surcharge and cess.
Correct classification matters: the value of tokens received as staking, mining or airdrop rewards is brought to tax, and the value recorded then becomes the cost of acquisition for the later sale. A 1% TDS under Section 194S also applies on transfers, and VDA losses cannot be set off against other income or carried forward.
We help validators, miners, DeFi users and airdrop recipients value rewards correctly at the time of receipt, track cost basis across wallets, account for TDS, and report everything in the Schedule VDA. We handle complex on-chain activity across multiple protocols and wallets.
Whether you earn through proof-of-stake validation, mining or DeFi incentives, we make sure your rewards and disposals are reported accurately and you stay fully compliant.
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.