Smart Crypto Tools

VDA Tax Calculator

Manual trade consolidation with real-time green/red profit-loss logic.

Asset (Ticker) Units Buy Date Sell Date Rates (Buy / Sell) per unit Profit/Loss Audit
/ 0 Pending
/ 0 Pending

VDA Liability (30%)

0

Education Cess (4%)

0

Net Payable

0

Total TDS (1%)

0

How to Use the Crypto Tax Auditor

This tool calculates your tax liability based on individual trade data for the financial year. Follow these steps for accurate results:

  1. Asset Selection: Type the ticker (e.g., BTC, SOL) or select from the top 100 list.
  2. Units Entry: Enter the exact quantity you sold. Even micro-trades (like 0.0001) are fully supported and visible.
  3. Dates: Select your purchase and sale dates. The width is optimized to ensure they don't push other columns out of view.
  4. The "Single Unit" Rule: Enter the Buy/Sell Rate per 1 coin. For example, if you sold 0.5 ETH at a market price of ₹3,00,000, enter "300000" in the sell field. The tool automatically calculates the total ₹1.5L value.
  5. Audit Logic: Profits appear in Green (Profit) and losses in Red (Loss). Note that 30% tax applies to individual profits.

VDA Tax Master: 8 Critical FAQs

1. Is the 30% tax applicable only on profits? Yes. Taxation under Section 115BBH is specifically on the income from the transfer of Virtual Digital Assets.
2. Can I set off a loss in Solana against a profit in Bitcoin? No. Loss from one VDA cannot be used to reduce the taxable profit from another VDA trade.
3. What happens if I received crypto as a gift? Receiving VDA worth more than ₹50,000 from a non-relative is taxed as income from other sources for the recipient.
4. Is the 1% TDS refundable? Yes. If your total annual income (including crypto gains) is below the taxable threshold, you can claim a refund via ITR.
5. Are trading fees or exchange brokerage deductible? No. The Income Tax Act allows only the actual cost of acquisition (purchase price) as a deduction.
6. How are airdrops taxed? Airdrops are taxed at your standard slab rate upon receipt, and then at 30% if you sell them at a later profit.
7. Does the holding period change the tax rate? No. Crypto assets do not have "long-term" or "short-term" classifications; all gains are taxed at 30%.
8. What is the penalty for not reporting crypto trades? Under-reporting can lead to penalties up to 200% of the tax due and interest for delayed payments.
Disclaimer: This tool is for estimation only. VDA taxation is governed by Sections 115BBH & 194S of the IT Act. Losses cannot be offset or carried forward.