Crypto & VDA Advisory · Panaji, Goa
Practical crypto consulting in Goa for investors, traders and businesses dealing in Virtual Digital Assets — clear advice on the 30% VDA tax, 1% TDS, Schedule VDA reporting, record-keeping and compliance, so you stay on the right side of a strict and evolving regime.
Overview
India taxes Virtual Digital Assets (VDAs) — cryptocurrencies, NFTs and similar tokens — under a strict, dedicated regime. Gains are taxed at a flat 30% with no deduction other than the cost of acquisition, losses cannot be set off or carried forward, and a 1% TDS applies to transfers.
As CAs advising on VDAs, we help you understand how the rules apply to your activity, organise transaction data across exchanges and wallets, plan around the no-set-off rule, and meet TDS and reporting obligations. We then tie this into your crypto tax filing and ITR with Schedule VDA.
What's covered
End-to-end advisory for anyone dealing in digital assets.
Get a fixed-fee quote →A clear walk-through of how Section 115BBH, the 30% rate and the no-set-off rule affect you.
How the 1% TDS under Section 194S works on exchange and peer-to-peer trades.
Structuring your transaction, wallet and cost-of-acquisition records for clean reporting.
Assessing trading, staking, mining, airdrops and gifts and their tax treatment.
Schedule VDA, Form 26AS reconciliation and disclosure in your return.
Understanding penalties and the stronger reporting and tracking now in place.
Our process
We review your crypto activity, holdings and exchanges.
We explain your VDA tax, TDS and reporting exposure.
We help structure your data for accurate compliance.
You get a clear plan to stay compliant and reduce risk.
Frequently asked questions
Cryptocurrencies and other Virtual Digital Assets are taxed under a dedicated regime. Gains on transfer are taxed at a flat 30% (plus cess and any surcharge) under Section 115BBH, with no deduction allowed other than the cost of acquisition, and a 1% TDS applies to transfers under Section 194S. The rules are deliberately strict, and we help you apply them correctly.
No. Losses from one VDA cannot be set off against gains from another VDA or against any other income such as salary or business profit, and they cannot be carried forward to future years. Each gain is taxed on its own at 30%. We plan your transactions with this limitation in mind.
Only the cost of acquisition — broadly the purchase price — is deductible. Other costs such as exchange fees, gas fees, brokerage and advisory charges are not allowed as deductions when computing VDA income. We compute your taxable gain accordingly.
Yes. NFTs are treated as VDAs and taxed at the same 30% rate on transfer, and rewards such as staking, mining and airdrops are generally taxable, often valued in rupees when received. Receiving crypto as a gift can also be taxable for the receiver. We assess each activity in your portfolio.
Yes, and it matters a great deal. You should retain transaction history from every exchange, wallet logs, peer-to-peer records with counterparties and TDS details, and cost-of-acquisition proofs. Good records make accurate filing possible and protect you in any scrutiny. We help you set this up.
The core 30% tax and 1% TDS continue under the new Income-tax Act, 2025, with the VDA definition expanded to explicitly include crypto-assets and a stronger reporting and penalty framework introduced. We keep your compliance aligned with the latest provisions as they are notified.
Failing to report crypto income can attract penalties for under-reporting or misreporting, alongside interest, and the authorities now receive extensive exchange and transaction data. Accurate, timely reporting is by far the safest course, which is exactly what we help you achieve.
Book a free consultation and share an overview of your crypto activity. We explain how the rules apply to you, organise your records, plan around the strict provisions, and set you up for accurate filing — on a transparent fee.
Related filings
Book a free consultation with a qualified Chartered Accountant in Goa. We'll explain your VDA tax position and keep you compliant — no obligation.