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type,asset,quantity,price_per_unit,date,fees,traded_asset,traded_value,received_quantity buy,BTC,0.2,2500000,2023-04-15,100,,, buy,ETH,1.5,150000,2023-05-20,50,,, sell,BTC,0.1,2800000,2023-06-10,150,,, sell,ETH,0.5,180000,2023-08-25,75,,, trade,SOL,10,3500,2023-09-12,25,USDT,35000,10 mining,BTC,0.005,0,2023-10-05,0,,, staking,ETH,0.2,0,2023-11-18,0,,, gift,MATIC,500,60,2023-12-25,0,,, buy,BNB,0.5,25000,2024-04-10,30,,, buy,ADA,1000,40,2024-05-15,20,,, sell,BNB,0.3,22000,2024-06-20,40,,, sell,ADA,500,60,2024-07-05,25,,, sell,BTC,0.05,3200000,2024-08-10,100,,, sell,ETH,0.3,120000,2024-09-15,60,,, trade,XRP,500,45,2024-10-20,15,USDC,22500,500 mining,ETH,0.01,0,2024-11-05,0,,, staking,SOL,5,0,2024-12-10,0,,, gift,AVAX,10,3500,2025-01-15,0,,,

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India Crypto Tax Rules - Complete Information (Updated 2025)

1. Current Law (as of 2025)

1.1 Tax on Crypto Gains

Income from transfer of Virtual Digital Assets (VDAs) is taxed at 30% (Section 115BBH).
No deductions allowed except cost of acquisition.
No set-off of crypto losses against other income.
Health & Education Cess of 4% is applied.
Effective tax = 31.2%.

1.2 TDS on Crypto Transfers (Section 194S)

1% TDS on crypto transfers.
Thresholds: ₹50,000/year (individuals), ₹10,000/year (others).

1.3 Mining, Staking, and Gifts

Mining rewards: taxed as ordinary income.
Staking rewards: taxed as ordinary income.
Gifts: taxable if total value > ₹50,000 from non-relatives.

1.4 Definition of VDAs

Expanded in 2025 to cover all digital assets built on distributed ledger technology (DLT).

2. Timeline of Crypto Tax Updates in India

Year	Update
2022	Finance Act introduced 30% tax and 1% TDS rules.
2023	CBDT clarified TDS procedures for exchanges and P2P.
2024	No TDS relief despite industry requests.
2025	VDA definition expanded, tax rates unchanged.

3. Key Points for Users

30% + 4% cess tax on crypto gains.
FIFO method for cost basis.
TDS applies on annual transaction value, not per trade.
Mining, staking, gifts taxed separately.
Data updated as of April 2025.

4. Fees and Deductions

As per Section 115BBH of the Income Tax Act, when calculating taxes on Virtual Digital Assets (VDAs) like cryptocurrencies, only the cost of acquisition (purchase price) can be deducted. Transaction fees, gas fees, brokerage charges, and other expenses are not allowed to be deducted from gains.

4. Disclaimer

This document is for informational purposes only. Please consult a qualified tax advisor for your specific situation.