Crypto gains are taxed at 30% with 1% TDS; losses can’t be set off; disclose all crypto holdings in your ITR.
This infographic explains how cryptocurrency is taxed in India. Virtual Digital Assets (VDAs) like crypto and NFTs are taxed at 30% on gains with no deductions except acquisition cost. A 1% TDS applies to transfers above the threshold. Losses from crypto can’t offset other income. All crypto holdings and gains must be reported in your ITR; non-disclosure can lead to penalties and scrutiny.