Bought on Binance. Sold on Zebpay. Now the tax man wants receipts for everything.
This is literally every Indian degen during tax season. Cross-exchange trades = accounting nightmare.
The ITR doesn't care that you were just chasing arbitrage or better liquidity. They want:
- Every buy
- Every sell
- Every transfer between exchanges
- Cost basis for each position
And if your exchange history doesn't match? Good luck explaining that.
Pro tip: Start tracking NOW. Use Koinly, CoinTracker, or even a spreadsheet. Don't wait until March when you're scrambling through 100+ transactions across 3 exchanges.
Crypto gains are taxed at 30% in India + no loss offset. The math hurts enough without adding compliance stress on top.
This is literally every Indian degen during tax season. Cross-exchange trades = accounting nightmare.
The ITR doesn't care that you were just chasing arbitrage or better liquidity. They want:
- Every buy
- Every sell
- Every transfer between exchanges
- Cost basis for each position
And if your exchange history doesn't match? Good luck explaining that.
Pro tip: Start tracking NOW. Use Koinly, CoinTracker, or even a spreadsheet. Don't wait until March when you're scrambling through 100+ transactions across 3 exchanges.
Crypto gains are taxed at 30% in India + no loss offset. The math hurts enough without adding compliance stress on top.
