The simplest and most reliable way to handle crypto taxes in India is to work with a crypto-friendly Chartered Accountant (CA) who understands the evolving tax framework.
Offramp
If you receive payments from outside India (for example, as salary, consulting income, or freelancing fees), they are treated as foreign inward remittances.
You may request a Foreign Inward Remittance Certificate (FIRC) from your bank to validate these transactions.
Keep invoices and transaction receipts from Copperx or your exchange.
A CA will classify whether this income should be reported as salary, business income, or capital gains and ensure correct filing under ITR-2 or ITR-3.
Why Use a CA?
Crypto taxation is still a developing area under Indian law.
Misclassification (e.g., showing business income as capital gains) may attract penalties.
A CA ensures that your filings comply with Section 115BBH (30% tax on crypto gains) and other applicable provisions like TDS under Section 194S.
⚠️ Disclaimer: This article is for general informational purposes only and does not constitute legal or tax advice. Tax treatment of cryptocurrencies (Virtual Digital Assets) depends on your individual circumstances. Please consult a qualified Chartered Accountant (CA) for proper guidance before filing your return.