> ## Documentation Index
> Fetch the complete documentation index at: https://guides.koinx.com/llms.txt
> Use this file to discover all available pages before exploring further.
# India - Complete Tax Report
> Understand how the India Complete Tax Report structures your crypto tax data, including gains, income, TDS and balances, so you can file accurate, audit-ready returns.
* The Complete Tax Report is the most detailed report for Indian crypto taxpayers
* Structured to match Indian tax rules including Schedule VDA under the Income Tax Act, 1961
* Includes capital gains, derivatives income, other crypto income, TDS summary, and asset balances
* Contains transaction-level audit data your CA needs for ITR filing
* Uses your selected cost accounting method (FIFO, LIFO, HIFO or Average Cost)
* If you share just one report with your CA, this is usually the one
This is the most comprehensive report available for Indian users on KoinX. It compiles all your crypto tax information into a single document formatted for Indian tax regulations under the Income Tax Act, 1961. The report includes capital gains from crypto trades, derivatives income, other crypto income, TDS summary, and asset balances, along with detailed transaction records your CA can use while filing your ITR.
***
## Report Sections Overview
| Section | Purpose |
| ----------------------------------------- | --------------------------------------- |
| Cover Page | Report metadata and user information |
| Tax Settings and Customisations | Settings used to generate the report |
| Summary of Capital Gains | Total gains from crypto disposals |
| Summary of Income from Crypto Derivatives | Futures and options trading income |
| Summary of Other Incomes / Other Expenses | Airdrops, rewards, staking, etc. |
| Summary of Asset Wise P\&L | Profit/loss broken down by each coin |
| Schedule VDA Transactions | Transaction-level data for Schedule VDA |
| Detailed Beginning of Year Balance | Holdings at start of financial year |
| Detailed End of Year Balance | Holdings at end of financial year |
| Capital Gains Transactions | Detailed trade-level records |
| Crypto Derivatives Transactions | Futures and options trade details |
| Other Transactions | Income events like staking or airdrops |
| Data Sources | Exchanges, wallets, and files used |
***
## 1. Cover Page
Provides the basic metadata of the report:
* User name
* Country (India)
* Reporting currency (INR)
* Report generation date
* Financial year covered
* Cost accounting method used
* List of sections in the report
* Disclaimer
***
## 2. Tax Settings and Customisations
Shows exactly how the report calculations were performed, based on the settings you selected in Tax Settings and Transaction Preferences.
[Change these settings in Customising Your Reports](/guides/tax-reports/india-vda-income-classification)
| Setting | Example | Impact |
| ---------------------------------------- | -------- | ----------------------------------------------------------------------------------------- |
| Country | India | Determines tax report structure |
| Reporting Currency | INR | All values converted to INR |
| Cost Method | FIFO | Determines cost basis calculation |
| Treat Airdrops as Income | Enabled | Airdrops treated as income at receipt |
| Treat Rewards as Income | Enabled | Staking rewards treated as income at receipt |
| Treat Crypto-to-Crypto Trades as Taxable | Enabled | Swaps treated as taxable disposals |
| Offset Brokerage Fees | Disabled | Fees excluded from cost basis |
| Treat Interest as Income | Enabled | Staking Interest will be treated as income upon receipt. |
| Treat Lost as Sale | Disabled | lost assets will be treated as Other Expense. |
| Treat External Deposit as Income | Disabled | If this setting is turned on, external deposits will be treated as income upon receipt |
| Treat External Withdrawal as Sale | Disabled | If this setting is turned on, external withdrawals will be treated as sale upon disposal. |
| Treat Loan Repayment as Sale | Disabled | If this setting is turned on, loan repayments will be treated as sale. |
This section is useful when your CA wants to verify the calculation logic behind the report.
***
## 3. Summary of Capital Gains
Summarises all taxable crypto disposals during the financial year.
| Field | Example | What it Means |
| --------------------- | ------------------ | ----------------------------------------- |
| Number of Transfers | 10,483 | Total taxable disposals |
| Sale Consideration | Rs. 1,92,83,435.93 | Total amount received from all sales |
| Cost of Acquisition | Rs. 1,88,75,869.32 | What you originally paid for those assets |
| Taxable Capital Gains | Rs. 5,39,173.78 | Gross Gains |
| Losses | Rs. 1,31,607.16 | Losses on individual transactions |
**Example trades:**
| Trades | Bought For | Sold For | Gains |
| ----------------------------------- | ------------- | ---------------- | ------------- |
| BTC | ₹82,50,000 | ₹84,90,000 | +₹2,40,000 |
| ETH | ₹54,20,000 | ₹55,35,000 | +₹1,15,000 |
| SOL | ₹27,10,000 | ₹27,75,000 | +₹65,000 |
| Other altcoin trades | ₹24,95,869.32 | ₹24,83,435.93 | -₹12,433.39 |
| Loss-making trades (various tokens) | ₹1,00,000 | ₹(loss realised) | -₹1,19,173.77 |
## Tax Calculation (India)
Under Indian crypto taxation rules:
* **Tax Rate:** 30% on gains
* **Tax on Gains:**\
₹4,20,000 × 30% = **₹1,26,000**\
**Health & Education Cess (4%)**\
₹₹5,040
### **Total Tax Payable**
\*\*₹\*\*1,31,040
***
Under Section 115BBH, crypto losses cannot be offset against gains or any other income. Loss trades still appear in the report but Income from VDA is shown as Rs. 0.
***
## 4. Summary of Income from Crypto Derivatives
Summarises profits and losses from crypto futures and options trading. Derivatives are reported separately from spot trades because they involve different calculations such as funding fees, brokerage charges, and trading turnover.
| Field | Example |
| ------------------------------- | ----------------- |
| Total Realised Futures Profit | Rs. 25,11,621.67 |
| Total Realised Futures Losses | Rs. 46,29,045.70 |
| Total Futures Turnover | Rs. 71,40,667.37 |
| Total Brokerage Fee for Futures | Rs. 4,21,329.44 |
| Funding Interest Received | Rs. 15,952.32 |
| Funding Fees Paid | Rs. 64,705.20 |
| Gross Gains from Futures | -Rs. 21,66,176.90 |
| Net Gains from Futures | -Rs. 25,87,506.35 |
| Total Realised Options Profit | Rs. 12,000 |
| Total Realised Options Losses | Rs. 10,000 |
| Total Options Turnover | Rs. 22,000 |
| Total Brokerage Fee for Options | Rs. 500 |
| Net Gains from Options | Rs. 1,500 |
**Real Example:**
You traded BTC perpetual futures on an exchange:
| Position | Entry | Exit | P\&L |
| :------------ | :--------- | :--------- | :------- |
| Long 0.1 BTC | ₹52,00,000 | ₹54,50,000 | +₹25,000 |
| Short 0.1 BTC | ₹55,00,000 | ₹53,00,000 | +₹20,000 |
| Long 0.05 BTC | ₹54,00,000 | ₹51,00,000 | -₹15,000 |
**Net Derivatives Income: ₹30,000**
> 💡 **Note:** If your derivatives turnover exceeds ₹1 crore, you may need a tax audit. Consult your CA.
**Key terms:**
**Futures Turnover** is calculated as the sum of realised profits and realised losses from futures trading.
**Funding Interest** applies to perpetual futures contracts, where traders either pay or receive funding fees depending on market conditions. Funding Interest Received is income; Funding Fees Paid are expenses.
**Gross vs Net Gains** is the profit before and after deducting brokerage fees respectively.
Derivatives income may be treated as business income depending on the nature and frequency of your trading activity. Consult your CA for the correct tax treatment in your situation.
***
## 5. Summary of Other Incomes / Other Expenses
Captures crypto received as income rather than through trading. Common examples:
| Category | Example Amount |
| ---------------- | --------------- |
| Airdrops | Rs. 4,272.54 |
| Rewards received | Rs. 2,814.35 |
| Staking Rewards | Rs. 3,09,355.01 |
| Profit on Borrow | Rs. 76.62 |
**Real Example:**
You staked 10 SOL for the year and received 0.8 SOL as rewards (worth ₹14,000 at time of receipt). You also received a random airdrop of 500 XYZ tokens (worth ₹2,500 at receipt).
| Event | Value at Receipt |
| :--------------------- | :--------------- |
| Staking: 0.8 SOL | ₹14,000 |
| Airdrop: 500 XYZ | ₹2,500 |
| **Total Other Income** | **₹16,500** |
This ₹16,500 is taxable as income. When you eventually sell those SOL rewards or XYZ tokens, you'll also pay capital gains tax on any *additional* appreciation.
⚠️ **Double taxation alert:** You're taxed once when you receive rewards (as income) and again when you sell (as capital gains on appreciation beyond the receipt value).
Expenses such as margin interest or operational costs also appear in this section.
***
## 6. Summary of Asset Wise P\&L
Shows profit and loss per cryptocurrency asset.
| Asset | Gross Profit | Gross Loss | Net Gains |
| ----- | --------------- | ------------- | --------------- |
| ETH | Rs. 2,10,372.88 | Rs. 78,010.93 | Rs. 1,32,361.95 |
| ZK | Rs. 509.66 | Rs. 0 | Rs. 509.66 |
**What this tells you:**
* ETH was your biggest winner (+1,32,361.95)
* USDT was your biggest loser (-6,92,719.08)
💡 **Tax planning insight:** If you're holding unrealized losses, consider tax-loss harvesting before March 31. But remember — in India, crypto losses can't offset gains, so this is mainly for record-keeping.
This helps identify which assets contributed to gains or losses during the year.
***
## 7. Schedule VDA Transactions
Transaction-level reporting required for Schedule VDA in your ITR.
| Column | Description |
| ---------------------- | -------------------------------- |
| S.No | Serial number |
| Particulars | Name of crypto asset |
| Date of Acquisition | When the asset was purchased |
| Date of Transfer | When the asset was sold |
| Head of Income | Capital Gains or Business Income |
| Cost of Acquisition | Purchase value |
| Consideration Received | Sale value |
| Income from VDA | Profit reported for tax purposes |
### Why Income from VDA Shows Rs. 0 for Loss Trades
Under Section 115BBH, crypto losses cannot be set off against gains or any other income. Loss trades are still recorded in Schedule VDA, but Income from VDA is shown as Rs. 0.
**Example:**
* Cost of Acquisition: Rs. 50,000
* Sale Value: Rs. 32,000
* Actual Loss: Rs. 18,000
* Income from VDA reported: **Rs. 0**
***
## 8. Detailed Beginning of Year Balance
Shows your portfolio position at the start of the financial year, with quantity, cost in INR, value in INR, and average price per coin.
**Why this matters:**
* Shows your starting position for the year
* Helps verify that cost basis carry-forward is correct
* Useful for audit trail and reconciliation
***
## 9. Detailed End of Year Balance
Shows your portfolio position on the last day of the financial year, with the same columns as the opening balance. Your CA may request both reports for reconciliation.
**What this tells you:**
* Shows your position at the end of year.
* Help you keep a record for tax purposes.
***
## 10. Capital Gains Transactions
Detailed record of each disposal, including date purchased, date sold, asset, quantity, purchase value, sale value, gains or losses, source, and any remarks.
***
## 11. Crypto Derivatives Transactions
Individual futures and options trade records, including date, asset, quantity, net gain, type (Futures or Options), and remarks.
***
## 12. Other Transactions
Lists all income events such as airdrops, staking interest, and rewards, with date, asset, quantity, description, value, and remarks.
***
## 13. Data Sources
Lists all exchanges and wallets used to generate the report, including name, custom name, type, address (for wallets), and first and last transaction dates.
💡 **Missing data?** If an exchange isn't listed here, those transactions aren't in your report. Go to Integrations and add it before regenerating.
[How to add a missing integration](/guides/integrations/getting-started-with-integrations)
***
## Understanding the Tax Calculation
### Capital Gains (Section 115BBH)
| Rule | Detail |
| ------------------ | ------------------------------- |
| Tax Rate | 30% + 4% cess (31.2% effective) |
| Loss Set-off | Not allowed |
| Loss Carry Forward | Not allowed |
### TDS (Section 194S)
| Rule | Detail |
| ----------- | ---------------------------------------------------- |
| Rate | 1% |
| Deducted by | Indian exchanges at point of sale |
| Credit | Claimed via Form 26AS reconciliation when filing ITR |
***
## Frequently Asked Questions
No. The Complete Tax Report provides full context and detail, while the Schedule VDA Report is formatted specifically for entry into the ITR filing portal. Your CA will typically use both. The Complete Tax Report is for understanding and verification; Schedule VDA is for the actual filing fields.
Loss trades show Rs. 0 income because under Section 115BBH, crypto losses cannot offset gains or other income. The trades are still recorded in the report for audit purposes, but the Income from VDA column shows Rs. 0 for any transaction where the sale value was lower than the cost of acquisition.
Yes. Once you purchase a plan for a financial year, you can regenerate reports unlimited times at no additional cost. Edit your transactions or change a setting, then regenerate.
It means one or more Tax Settings were modified from the default configuration. This is not an error. It simply informs your CA that custom settings were applied when generating the report.
Both are taxed at 30% under current Indian VDA rules. The difference is how it appears in your ITR: Capital Gains goes under Schedule VDA, while Business Income can be entered under ITR 3. This is a classification decision based on your trading activity and how you intend to file. Consult your CA before changing this setting.
***
[See all available reports including universal reports](/guides/tax-reports/understanding-tax-reports)