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Need help understanding my crypto tax liability in India.

I mainly did spot trading and scalping during FY 2025-26.

- Started with around ₹2,000 capital.

- Trade report shows:

- Net Buy Value: ~₹22 lakh

- Net Sell Value: ~₹23 lakh

- My calculated net spot profit is around ₹1.35 lakh.

- TDS already deducted: ~₹25,000.

Towards the end of the year, I also:

- Lost around ₹70k–₹80k in futures due to liquidations (I was new to futures).

- Lost another ~₹20k because of a token delisting.

Currently, I don't really have any profits left because most of it was wiped out by these losses.

My confusion is regarding crypto taxation.

If my taxable spot profit is ₹1.35 lakh, then 30% tax would be about ₹40,500 (or around ₹37k–₹40k depending on the calculation). Since ₹25k TDS has already been deducted, I would only have around ₹11k–₹15k left to pay.

However, some crypto tax platforms are showing a tax liability of around ₹81k. I read that under Indian crypto tax rules, losses from one crypto trade cannot offset gains from another trade and only profitable trades are considered taxable.

Is that actually true?

For example, if I make:

- ₹10,000 profit on one trade

- ₹9,000 loss on another trade

Would I still be taxed on the entire ₹10,000 profit while the ₹9,000 loss is ignored?

Has anyone here with high-volume spot scalping faced a similar issue? How did you calculate your actual taxable income? Is the correct tax closer to ₹11k after TDS, or can it really become ₹81k despite having only ₹1.35 lakh net spot profit?

Would appreciate any guidance from people who have already filed crypto taxes in India.

Hey guys,

I’m an Indian freelancer doing international gig work (tech/creative dev stuff). A few of my offshore clients want to settle payments exclusively in crypto (USDT/USDC).

As we all know, holding crypto in a personal wallet (like MetaMask) and then liquidating it triggers the absolute nightmare of a flat 30% VDA tax, 1% TDS, and zero expense offsets under Section 115BBH. P2P/F2F is risky and want to avoid it.

I am looking at using a non-custodial gateway solution, specifically Onramp.money’s invoice/checkout tools (or similar platforms).

The flow would be:

1. I generate an INR invoice/payment link on the platform.
2. The client pays the invoice using crypto from their wallet.
3. The gateway processes it on the backend and sends an immediate corporate IMPS/NEFT transfer in INR straight to my bank account.

Technically, the crypto never touches my personal wallet address—the transaction goes straight from the client to the gateway's pool, and I only ever receive local fiat.

My questions for the people here:

• Since I never held legal custody or ownership of the VDA, does this transaction completely stay out of the 30% VDA tax framework (Section 115BBH)?
• Can I legally declare this incoming INR purely as Foreign Service Export / Freelance Revenue under Section 44ADA (Presumptive Taxation), writing off 50% as expenses and paying normal slab rates on the rest?
• Has anyone been using this invoice-to-INR setup successfully? Any operational compliance issues or banking flags I should watch out for?

Two years in this market. I've touched almost everything — meme coins, altcoins, whatever was pumping that week. I was the guy who would jump from one coin to another chasing the next big move.

And I kept losing.

But somewhere in the middle of all that chaos, something shifted. In September and October 2025, I stayed disciplined and traded Bitcoin exclusively — short-term trades, in and out. Both months were profitable.

I know two months isn't a sample size worth bragging about. But those two months felt different from everything before. Not because I suddenly got smarter — but because I had actually watched Bitcoin long enough to feel familiar with how it moves. I wasn't guessing. I was reading something I had spent real time observing.

Those two months were the closest thing to clarity I've felt in two years of mostly losing.

So when I came back for my 5th attempt — with ₹4,000 and an AI-assisted execution system — the decision was already made.

Bitcoin only. I don't even look at other coins anymore.

Not because Bitcoin is "safer" or because I read some thread about it. But because familiarity with one asset's price behavior is genuinely underrated.

When you've watched the same chart long enough, patterns stop being patterns on a screen — they start feeling like a language you're slowly learning to read.

Altcoins never gave me that. Every time I switched coins, I was starting from zero again — new behavior, new liquidity, new manipulation patterns. I was always a stranger to whatever I was trading.

Here's the uncomfortable thing nobody says out loud:

Most retail traders lose not because they lack strategy — but because they're constantly diluting their focus across 15 different assets. You can't master what you keep abandoning.

If you're in the losing majority right now, ask yourself honestly — how many different coins have you traded in the last 3 months? How well do you actually know any single one of them?

Pick one. Watch it obsessively. Trade only that.

I'm not saying this will guarantee profits. I'm saying this is the only thing that ever came close to working for me — and I blew up four accounts before I figured it out.

— Bhavesh | 5th attempt, ₹4,000 capital, Bitcoin only | Posts written in Hinglish, translated with AI. The obsession with BTC charts, however, is entirely my own.

Hello,

Can you guide me about the best crypto exchanges in India that also allow the asset to be withdrawn to a private wallet ?

I don't want an exchange that keeps the assets on their wallet and does not allow any withdrawals.

Please guide me.

Long story short, was in need to make payment in USDT so though to do so via purchase in trust wallet with card.

Now no card payments are working for usdt purchase as much as i found which worked few months back.

UPI is an option but i think limit is 50k with all sorts of verification and all in terms of p2p. On bitgit upi showing pricing of 115 inr for 1 usdt. Binance showing 105 to 108 as pricing but is time consuming process of verification via UPI and not sure how secure it is.

So confusing state it is 🥹

You've probably heard of Anish Singh Thakur — founder of Booming Bulls Academy. Built a massive following teaching trading, made enough money to move to Dubai, and now trades Forex, Crypto, and Indian markets from what looks like a professional trading floor.

There was a time I genuinely considered him my mentor. I've watched close to 300 of his early YouTube videos. Not skimmed — watched. I was that serious about learning from him.

So let me tell you something that took me two years and four blown trading accounts to finally understand.

The Comment That Should Have Been a Red Flag

A few years ago — When Anish had a 4 monitor trading setup — he shared a Nifty 50 trading strategy in one of his videos. Someone in the comments asked a genuinely smart question:

"If everyone applies the same strategy in Nifty 50, won't the accuracy of that strategy drop?"

Anish addressed this in his next video. His answer? "If a large number of traders use the same strategy, more volume flows into Nifty 50 at that level — and that volume will pump the price."

At the time, I nodded along. Made sense, right?

It doesn't.

Nifty 50 is an index. Its value is derived entirely from the price movement of 50 underlying stocks. It has no independent value of its own. Retail traders piling into Nifty 50 futures using the same strategy cannot "pump" the index — because the index doesn't work that way. The 50 stocks drive it, not futures volume from retail participants.

I don't know if he genuinely believed what he said, or if he just gave a confident-sounding answer to avoid the uncomfortable truth. Either way — I believed him. That's on me.

What He Actually Mastered — And It Wasn't Trading

Here's what I think Anish Singh Thakur genuinely mastered: trader psychology. Not the market's psychology — ours. The psychology of people who desperately want to believe that a course, a mentor, a strategy can make them consistently profitable.

Booming Bulls has trained thousands of students. I'll make a bold claim: 90% of them have failed as traders.

And that's not entirely his fault. But here's the business reality — selling courses is one of the smartest ways to rapidly build capital from trading. You don't need the market to cooperate. You just need students. Today, even if he doesn't trade a single rupee, he's earning referral income from brokers. He built a real business. Can't take that away from him.

The Uncomfortable Truth Nobody Wants to Say

Trading for retail participants is structurally closer to a casino than a business — we just give it a professional-sounding name to feel better about it.

The people for whom trading is a genuine business are operating with crores of rupees. At that scale, even a 0.5% move is meaningful income. For us? We celebrate making a few thousand rupees and call it "running a business."

I'm not saying this to be cynical. I'm saying it because I am one of those retail traders — 4 blown accounts, ₹4,000 capital, starting again for the 5th time.

But I learned one thing from watching Anish build what he built:

You don't need to know everything. You just need to speak confidently about what little you know — or what you've heard from someone else.

That's not a skill I want to copy. But it is a pattern worth recognizing — especially before you hand over ₹XX,XXX for someone's course.

As always — this post was written by me first in Hinglish, then translated with AI help. My English is weak. My opinions, however, are entirely my own.

— Bhavesh, still in the game

Hey everyone. My name is Bhavesh Choudhary, and I'm probably the last person who should be posting about crypto trading.

But here I am. Again.

Two years ago, I got into crypto the way most of us do — I was watching Indian stock market trading influencers on social media, and slowly I noticed all of them were shifting toward crypto. I thought, let me just test the waters. That first capital? Gone. Second attempt? Gone. Third. Fourth. All wiped.

Four blowups in two years. I'm not proud of it, but I'm not hiding it either.

So why am I back for a 5th time?

Honestly? One reason: AI.

I know how that sounds. Another guy who thinks AI is going to save him from the market. But hear me out — it's not that I think AI will predict the market. I've been in this long enough to understand that trading is fundamentally a 50/50 probability game. Most people refuse to accept that. They think there's some secret edge hidden in indicators or influencer calls. I wasted two years chasing that idea.

What I'm trying now is different. I've built a prompt around my own strategy and I'm using AI purely for trade execution discipline — not predictions, just execution. No emotional decisions. No revenge trades. Just follow the prompt.

Where I'm at right now:

- Capital: ₹4,000 (yes, that's it — but I can add monthly)

- Asset: Bitcoin only. I don't touch altcoins. Probability starts making sense when you concentrate on one asset.

- Platform: CoinDCX

- Journal: Google Sheets (every trade logged)

- Notes: Google Docs

As of today, June 6, 2026, I've taken 4 trades on Bitcoin since starting this test:

- Trade 1: SL hit ❌

- Trade 2: SL hit ❌

- Trade 3: SL hit ❌

- Trade 4: Currently in profit ✅

I take one trade per day, maximum. That's it.

One more thing I want to be upfront about:

My English is not great. This post was originally written by me in Hinglish, and then I used AI to translate it into English before posting. I'm not ashamed of that. Just like I use AI for trade execution, I use it for language too. The market doesn't care about your English — it cares about your decisions.

I'm going to share my monthly P&L here publicly. No cherry-picking. No hiding losses. If this works, great. If I blow up a 5th time — well, at least you'll have a useful case study.

Let's see if a well-built prompt can put me in the top 10% of traders.

— Bhavesh, a very stubborn work-in-progress

There are a lot of people in CT posting about the polymarket right now, so I am asking all of you is there any way to make some predictions which are easily resolved ?

https://preview.redd.it/gpz3r79bj95h1.png?width=883&format=png&auto=webp&s=11c9dca7d38d93df177935842ee29b00601dfabe

Just saw the news this week that Coinbase is in India and will roll out multiple stuff for Indian crypto system. What impact will be seen across Indian exchanges and p2p dealers?

Will you guys be comfortable paying 30% tax on the services provided by coinbase or rely on p2p folks. Let me know your thoughts.

I was one of the people who held some money in WazirX when they got hacked.

Since I had some of the coins which were hacked they were transferring some other crypto to us so I received some ETH, BTC, etc. I sold them as soon as the platform opened, now the challenge is how do I file my ITR since I don't have the Buy/Acquisition value of those.

Are there any professional CA's who has experience with this and guide?

Hi. I mainly trade in INR futures on coindcx. Most people even people working at coindcx are saying that it should fall under business income but only one famous CA is saying it should come under VDA. Has anyone filed it under speculated business income and not recieved a notice? Please help.

I tried direct bank transfer bcz the clients are usually from grey niches like igaming bank are holding . They want to use crypto but india has taxes and lot of issues. I am begineer in crypto how can i receive payment and movie it to bank or cash.

BTC is down nearly 11% in June? If i'm remembering it correctly. ETH hovering just above $1,900. Geopolitical stuff with Iran, ETF outflows of like $3B+ in three weeks. Everyone in my circle is panicking and saying even if the market is down you can still make money by shorting btc on futures, but that feels... wrong?

Like I get the logic, prices are lower, leverage means bigger upside if it reverses. But isn't that also the exact mindset that gets people rekt? I'm a spot holder mostly, not a futures person.

But genuinely asking, is there a case for futures in a down market or should I just keep sitting on my hands? tbh I don't want to touch leverage and lose my shirt but I also feel like I'm missing something.

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This is a question for those who earned more than 500k through crypto.

How do you live life, do you still work or just simply retired what's your thought like earning more than you have right now ?

What's your day to day routine if you just retired in early age