India's crypto tax rules explained for P2P traders: the 30% VDA tax, 1% TDS, Form 26QE, Schedule VDA and what records to keep.
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P2P is legal in India in all its common forms - crypto trading, lending and UPI transfers - but each is regulated differently. What is actually allowed, what is taxed, and what gets people into trouble.
Read more →How India taxes crypto - the flat 30% on gains, 4% cess, 1% TDS, what you can and cannot deduct, and how P2P traders should keep records and file.
Read more →Section 194S in practice - who deducts on a P2P trade, the ₹50,000 and ₹10,000 thresholds, how Form 26QE works, and what happens if you ignore it.
Read more →What Form 26QE is, who has to file it, the information you need before you start, the deadline, and the consequences of filing late.
Read more →What Schedule VDA asks for, how to report P2P trades transfer by transfer, where TDS credit goes, and the errors that trigger a notice.
Read more →The no-set-off, no-carry-forward rule for virtual digital assets, worked through with numbers, and what it means for how you size trades.
Read more →Which TDS threshold applies to you under Section 194S, how the cumulative annual limit works, and the mistake of treating it as a per-trade limit.
Read more →The six fields that make a trade defensible to both the tax department and a bank investigation, and a simple system for keeping them.
Read more →Crypto's actual legal status in India - legal to hold and trade, heavily taxed, and treated with suspicion by banks. What each of those means in practice.
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