Archive · 18 Jul 2026
Experts Advise on Crypto Tax Filing
Experts say it's important to report all crypto transactions accurately when filing taxes in India.
They advise using the right ITR form, keeping records of all transactions, and reconciling tax deductions.
Mistakes like focusing only on profitable trades or using the wrong form can lead to problems.
Investors should treat tax filing as a detailed reconciliation process to avoid errors and queries from tax authorities.
Keeping records of all transactions, including those in different wallets or exchanges, is crucial for accurate reporting.
There's also a way to correct past mistakes through ITR-U, but it's better to get it right the first time.
Crypto gains attract a 30% tax and require specific reporting.
Investors should reconcile all transactions, not just profitable ones.
Maintain records across exchanges and wallets for accurate reporting.
Use ITR-2 or ITR-3 for crypto income, not ITR-1 or ITR-4.
Reconcile TDS with Form 26AS and AIS to avoid defective return notices.
- Who
- Crypto investors in India
- What
- Tax filing for crypto investments
- When
- During the financial year
- Where
- India
- Why
- To avoid notices and ensure smooth tax filing
- Tax Rate
- 30%
- ITR Forms
- ITR-2, ITR-3
- Schedule VDA
- Transaction-wise reporting
- TDS Reconciliation
- Form 26AS and AIS
- ITR-U
- Correct past mistakes