21-July-2026
Taxation
 
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report them
20-Jul-2026

India’s cryptocurrency or virtual digital assets (VDAs) taxation rules have been around for four years, but they remain among the toughest in the world. Investors pay a flat 30% tax on gains and 1% tax deducted at source (TDS) on all transactions. Even so, many questions remain unanswered: from the tax treatment of airdrops and worthless tokens to reporting crypto held in overseas wallets.

News Source:- https://economictimes.indiatimes.com/wealth/tax/itr-filing-how-bitcoin-nfts-airdrops-gifted-crypto-and-overseas-wallets-are-taxed-in-india-and-how-to-report-them/articleshow/132466756.cms