Indian Crypto Tax

When navigating Indian crypto tax, the set of tax rules that apply to cryptocurrency transactions for individuals and businesses in India. Also known as crypto tax India, it decides how profits, losses, and GST are reported to the Income Tax Department.

One major component is crypto capital gains tax, the tax on profit earned from selling or swapping digital assets. This tax can be short‑term (held less than 36 months) or long‑term (held longer), with rates ranging from 15% to 30% depending on your income slab. Another piece of the puzzle is GST on crypto, the Goods and Services Tax applied to certain crypto services like exchange fees and mining rewards. Together, these rules form a chain: Indian crypto tax encompasses capital gains tax, which requires accurate record‑keeping, and GST, which influences transaction costs. Understanding how these parts fit helps you avoid surprises when filing.

Filing your crypto taxes means keeping a ledger of every buy, sell, swap, and receipt of interest or rewards. Most Indian exchanges now provide downloadable CSV statements, making it easier to calculate net gains. You’ll need to reconcile these figures with your bank statements, then report the net profit under the “Capital Gains” section of your ITR. If you’ve earned GST‑taxable services, you must file GST returns accordingly. Many investors use spreadsheet templates or specialised crypto tax software to automate this process and reduce errors.

Regulators are constantly updating guidance, so staying current is crucial. Recent proposals suggest a flat 30% tax on all crypto profits, but the final rule may still include deductions for losses. Until the rules settle, focus on three actions: 1) maintain a detailed transaction log, 2) reconcile exchange reports with your personal records, and 3) consult a tax professional familiar with digital assets. Below you’ll find a curated list of articles that break down each aspect— from exchange reviews to step‑by‑step filing guides—so you can confidently manage your Indian crypto tax obligations.