Traded crypto or other virtual digital assets? We report it correctly — 30% tax, 1% TDS reconciliation and clean ITR disclosure so you stay notice-proof.
Income from Virtual Digital Assets (VDAs) — crypto, NFTs and the like — is taxed at a flat 30% under Section 115BBH, with no deduction except cost of acquisition and no set-off of losses. A 1% TDS under Section 194S also applies to transfers, which must be reconciled and claimed.
The reporting is unforgiving and the department has transaction data. GovYapar computes your VDA income correctly, reconciles the 1% TDS, and discloses it in the Schedule VDA of your ITR — keeping you clean.
A real Chartered Accountant handles the filing end-to-end.
Exchange & wallet statements collected.
30% VDA income worked out per rules.
1% 194S TDS matched and claimed.
Schedule VDA disclosed in your ITR.
Gains on VDAs are taxed at a flat 30% under 115BBH, with only cost of acquisition allowed and no loss set-off. A 1% TDS under 194S also applies.
No — losses from one VDA can’t be set off against gains from another, or against other income. We report each correctly.
Increasingly yes — through TDS and exchange reporting. Accurate disclosure now avoids notices later.