ITR

Crypto gains and the ITR form

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Crypto gains are reported in Schedule VDA. Investors use ITR-2; those treating it as business use ITR-3. ITR-1 and ITR-4 cannot be used.

Provisions

Sec 115BBH, Income-tax Act 1961 (now Sec 194, Income-tax Act 2025); Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026)

Analysis

Report each transfer with cost and sale value. Losses cannot be set off against other income. Claim 1% TDS. Choose ITR-2 or ITR-3 based on your activity.

Close

  1. Get exchange reports.
  2. Compute gains per transfer.
  3. Choose ITR-2 or ITR-3.
  4. Fill Schedule VDA.

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