Calculate crypto tax on Ethereum & other coins

Budget 2022 introduced Section 115BBH specifically to tax Virtual Digital Assets. Flat 30% rate (vs. slab) was set to discourage speculation. Effective from FY 2022-23 onwards.

Yes. Rewards received are taxable at fair market value on the day received (under "income from other sources"). When later sold, the gain (sale − value at receipt) is taxed at 30%.

Each VDA is treated separately. ETH gains cannot offset BTC losses, even though both are crypto. This makes diversification tax-inefficient under current rules.

Yes. Each conversion (e.g., ETH → BTC) is a separate sale + purchase. The deemed sale value (FMV at swap) creates a taxable event with capital gain or loss.

Section 194S TDS applies to Indian exchanges and recognised Indian platforms. Foreign exchanges typically don't deduct TDS — but you still owe full tax. Buyer's responsibility on P2P deals.

Pre-FY-2022-23 gains: tax under regular capital gains rules (LTCG/STCG). Post 1-Apr-2022: 30% flat tax. Cost basis is original purchase price; tax accrues only at sale.

No. Section 115BBH explicitly bars any deduction except cost of acquisition. No 80C, no expenses, no Section 80 deductions of any kind against VDA gains.

Self-transfers between your own wallets are NOT taxable (no change in ownership). But you must maintain transaction records to prove this if Income Tax queries arise.