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Crypto tax in India, simplified: for people who just want out of FOMO

Virtual digital asset tax basics — 30% on gains, 1% TDS, loss set-off limits, and how to report old trades without hype or denial.

8 min read · Updated 3 July 2026

You bought because of FOMO. Now you want to exit or clean up taxes. No charts, no coin tips — just the compliance reality so this chapter can close.

The blunt rules (verify current law before filing)

  • Gains on virtual digital assets are taxed at a special high rate (commonly discussed as 30% plus cess — confirm latest).
  • Losses generally cannot be set off against other income the way equity losses can.
  • 1% TDS may apply on transfers above thresholds.
  • Keep exchange reports; AIS may show transactions.

The takeaway

If amounts are material or history is messy, pay a CA once. DIY denial is more expensive than a filing fee.

Common questions

How is crypto taxed in India?
Virtual digital assets face a special tax regime with a high rate on gains and limits on loss set-off. Verify current rates and report trades; AIS may already show activity.

Try it yourself

🧾 Income tax calculator

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General education, not personalised financial advice. Rules and rates change — verify the current position before you act.