Crypto Tax India: What You Need to Know About Reporting Crypto in India

When you buy, sell, or trade crypto tax India, the legal requirement to report cryptocurrency profits and losses to Indian tax authorities. Also known as cryptocurrency taxation in India, it applies to everyone who holds or trades digital assets—even if you didn’t cash out. Since 2022, India has treated crypto as a taxable asset class, not currency. That means every trade, swap, or sale could trigger a tax bill.

There are two main types of crypto taxes in India: crypto income tax India, a flat 30% tax on profits from selling or trading crypto, and crypto capital gains India, the tax you pay when you sell crypto for more than you bought it. No deductions are allowed—not even for losses. So if you bought Bitcoin at $30,000 and sold it at $25,000, you can’t use that $5,000 loss to reduce your tax on other crypto gains. It’s a one-way street: gains are taxed, losses are ignored.

Even airdrops, staking rewards, and mining income count as taxable income. If you got 10 SOL from a staking reward, the rupee value at the time you received it is your taxable income. Same goes for free tokens from a promo or airdrop. The government doesn’t care if you didn’t sell them—you still owe tax on their value when they landed in your wallet.

And here’s the catch: you must report every transaction, no matter how small. Selling 0.001 ETH for 500 rupees? That’s taxable. Swapping USDT for SHIB? That’s a taxable event. Most people think only big sales matter, but the tax rules don’t care about scale. If it’s a trade, it’s reportable.

Many users get tripped up by exchange data. If you used Binance, CoinDCX, or WazirX, those platforms don’t automatically send your tax reports to the Indian tax department. That’s your job. You need to track buys, sells, swaps, and fees yourself. Tools like Koinly or CoinTracker help, but they’re not magic—you still have to verify the data matches your wallet history.

Penalties for missing crypto tax filings can be steep: up to 200% of the unpaid tax, plus interest and possible legal action. The government is already cross-referencing bank data, exchange records, and blockchain analytics. If you’re holding crypto and didn’t file, you’re not invisible—you’re just behind.

The crypto reporting India, the process of documenting and submitting crypto transactions to the Income Tax Department using ITR-2 or ITR-3 forms is now mandatory. You can’t skip it. Even if your total profit was only ₹10,000, you still need to declare it. Filing isn’t optional—it’s a legal requirement.

Below, you’ll find real reviews and breakdowns of platforms, scams, and tax-related crypto projects that show exactly how people are getting caught—or avoiding trouble. Some posts expose fake airdrops that trick users into sharing private keys. Others warn about exchanges that don’t report to the government, leaving you exposed. Every article here is about what actually happened, not theory. You’ll see what works, what doesn’t, and what the Indian tax authorities are watching for right now.