Indian Compliance & Tax

How is crypto-to-crypto trading taxed in India?

In India, swapping one crypto for another is a taxable event, treated as if you sold the first asset and bought the second. Any gain on the disposed asset is taxed at the flat 30 percent rate under Schedule VDA, measured against its cost of acquisition. For example, trading Ethereum worth 1,00,000 rupees for another token means the gain on that Ethereum is taxable, even though you never received rupees. Each swap is reported separately, and losses from one swap cannot offset gains from another, so per-trade record-keeping is essential.

This is general information, not tax advice. Tax rules change and depend on your individual circumstances — verify the current rules or consult a qualified tax professional before acting.