Indian Compliance & Tax

What happens if I don't report crypto income in my ITR?

Failing to report crypto income in your Income Tax Return can expose you to interest, penalties, and scrutiny from the Income Tax Department. Because exchanges deduct TDS and transactions surface in Form 26AS and the Annual Information Statement, undeclared gains are increasingly visible, and a mismatch between reported and known activity can trigger a notice. For example, if TDS appears against your PAN but your return shows no crypto gain, that gap is detectable. Reporting accurately and reconciling against your statements is the cleaner path.

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.