Tax season is here: Let's make crypto filing simple 📊

Hola folks!

As the time for filing tax returns approaches, it's important to report your earnings for the year accurately. For those with crypto investments, the process can seem more complex, given its relatively new status as an asset class. While tax filing may not be the most anticipated task, it’s essential to understand the specifics of how taxation applies to buying, trading, or earning in crypto. However, there’s no need to worry. We’ve outlined the key aspects of crypto taxation and provided a step-by-step approach to filing your income tax return (ITR).

Why File Your Crypto Taxes?

First things first: crypto gains are taxable in India. Whether you've made profits from trading or any other crypto activity, the tax department expects you to report it. Getting this right keeps you on the safe side and helps you avoid any future complications.

We've Got Your Back

Our team has been working hard to make crypto tax filing easier for you. Here's what we've prepared:

Essential Reading:

• How Crypto Taxation Works: An explainer on crypto taxation in India

• Taxation Slabs Guide: Understand which tax bracket you fall into and how much you owe

• Income Tax Filing Guide: A Step-by-step guide to filing your income tax returns correctly

Reporting Crypto Earnings: A guide to Section 115BBH  on the taxation framework for Virtual Digital Assets (VDAs)

Crypto Tax Filing 2025, Explained

Watch the video to learn everything you need to know before filing ITR.

Quick Tips to Get Started

Gather your records: Download your TDS certificates and P&L report from your CoinSwitch account

2. Read our guides: Check out our blog posts linked above for detailed steps

3. File on time: Don't wait until the last minute

Need More Help?

If you're still feeling overwhelmed, remember that filing crypto taxes is becoming more common each year. Thousands of Indians are doing it successfully, and you can too.

Disclaimer: This information is for educational purposes only. Please consult a tax professional for advice specific to your situation.

In the altcoins sector, HYPE surged to a new all-time high of $42.85, while UNI and AAVE followed with significant weekly gains.

Weekly price movement: 

• BTC $107,136 ⏫ 1.15% (7d)

• ETH $2,625 ⏫ 5.36% (7d)

• HYPE $44.28 ⏫ 25.29% (7d)

• UNI $7.62 ⏫ 21.07% (7d)

• AAVE $287 ⏫ 13.58% (7d)

(All data here as of 2:44 p.m., 16 June 2025)

Before we conclude, here’s a quick look at some important news from around the crypto world.

• Bitcoin exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict. According to data from Farside Investors, the streak began on June 9, with inflows of over $386 million and continued through June 13, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days, according to Cointelegraph.

• Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the government’s push to raise revenue through financial market transactions. Until now, Brazilian residents who sold up to $6,300 in crypto assets per month were exempt from income tax, according to Cointelegraph.

That’s it for now. Thanks for sticking around.

See you later, folks! 👋

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