How is crypto taxed in India?

Gains on virtual digital assets are taxed at a flat 30% (plus surcharge and cess). Only the cost of acquisition is deductible — no other expenses — and losses cannot be set off against other income or carried forward. A 1% TDS also applies on transfers above the threshold, and holdings/gains must be disclosed in the VDA schedule of your return. Because exchange data is now widely reported, reconcile every trade before filing.