Question 1

How is crypto taxed in India?

Accepted Answer

Virtual Digital Assets (VDA) are taxed at a flat 30% under Section 115BBH on gains, plus 4% cess. Additionally, 1% TDS applies on the sale/transfer value under Section 194S.

Question 2

Can I offset crypto losses against other income?

Accepted Answer

No. Under current Indian tax law, losses from crypto cannot be set off against any other income, including gains from other crypto. Only the cost of acquisition is allowed as a deduction.

Question 3

What is TDS on crypto in India?

Accepted Answer

1% TDS is deducted on the sale or transfer value of crypto (VDA) at the time of transaction. This TDS can be claimed as credit while filing your income tax return.

Question 4

Is this Crypto Tax Calculator India accurate?

Accepted Answer

This calculator uses the flat 30% + 4% cess + 1% TDS rules as per current Indian tax law. Consult a CA for your specific situation.