Stay Compliant. Avoid Penalties. Handle Crypto the Right Way.
Cryptocurrency taxation in India is strict and evolving. Incorrect reporting can lead to penalties and notices.
Many investors overlook TDS, fail to track transactions, or misreport gains.
At N D Savla & Associates, we help you understand crypto taxation, ensure proper compliance, and optimize your reporting.
Crypto Taxation in India
Cryptocurrency is classified as Virtual Digital Asset (VDA) and taxed under specific provisions.
Transactions are subject to flat tax rates and reporting requirements.
- 30% tax on crypto gains
- 1% TDS on transactions
- No set-off of losses
- Mandatory disclosure in ITR
Our Crypto Consulting Services
- Crypto transaction review and reconciliation
- Tax computation on gains
- TDS compliance check
- ITR filing with crypto reporting
- Advisory on tax planning and compliance
Who Needs Crypto Consulting?
- Crypto traders and investors
- Individuals with multiple exchanges/wallets
- High-volume traders
- NRIs dealing in crypto
Documents Required
- Exchange transaction reports
- Wallet transaction history
- Investment records
- Bank statements
Risks of Non-Compliance
- Penalty and notices
- Incorrect tax reporting
- Mismatch in transaction data
- Regulatory scrutiny
Process
- Data collection from exchanges
- Transaction reconciliation
- Tax computation
- Compliance review
- ITR filing and reporting
Why Choose N D Savla & Associates?
Crypto Expertise
Understanding evolving crypto tax laws.
Accurate Computation
Precise calculation of gains and taxes.
Compliance Focus
Ensuring proper reporting and filing.
Frequently Asked Questions
How is crypto taxed?
30% tax with 1% TDS on transactions.
Do I need to report crypto?
Yes, mandatory in ITR.
Can losses be adjusted?
No, losses cannot be set off.
What documents are required?
Transaction history and exchange records.
Which firm is best for crypto tax?
N D Savla & Associates provides expert services.