ITR for Crypto Traders - Guide for FY 2025-26
📌 TL;DR - Crypto ITR Services at a Glance
30% flat tax on all VDA income under Section 115BBH + 4% cess = 31.2% minimum. 1% TDS under Section 194S (Rs 50,000 threshold). No loss set-off or carry-forward. Schedule VDA requires transaction-by-transaction entry. ITR-2 (investors) or ITR-3 (traders). Due: 31 July 2026. Budget 2026-27 confirmed no rate change. 44,000+ notices issued. CARF by April 2027.
Every Indian resident who bought, sold, swapped, or earned cryptocurrency during FY 2025-26 must report under Schedule VDA. India's VDA tax framework (Finance Act 2022) imposes 30% flat tax with no deductions beyond cost of acquisition. Budget 2026-27 confirmed no change but introduced stricter penalties. The ITD has already detected Rs 888.82 crore in undisclosed VDAs and issued 44,000+ notices. Accurate, transaction-level filing is essential.
| Parameter | Details |
|---|---|
| Tax Rate (Section 115BBH) | 30% flat + 4% cess = 31.2% minimum; surcharge above Rs 50 lakh |
| TDS (Section 194S) | 1% on sale consideration; Rs 50,000/year threshold (specified); Rs 10,000 (others) |
| Loss Set-Off | NOT permitted - VDA losses cannot offset any income or be carried forward |
| ITR Form | ITR-2 (investors); ITR-3 (traders with business income); ITR-1/4 not allowed |
| Reporting | Schedule VDA - mandatory per-transaction entry; aggregated entries rejected |
| Due Date AY 2026-27 | 31 July 2026 for non-audit individuals and HUF |
| Patron Fee | Starting from Rs 1,499 |
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