Schedule VDA Derivatives Report

When you generate a Schedule VDA Derivatives Report on KoinX, you receive a detailed summary of all your crypto futures and options transactions for the selected financial year. This report is designed to give you (and your tax professional) a clear, audit-ready overview of your derivatives activity to ensure compliance with local tax regulations.

Note: The structure and disclaimers in the report may vary depending on your selected Tax Country. KoinX automatically adjusts them based on local jurisdiction.

Sample Report: Schedule VDA Derivatives.pdf (opens in a new tab)

What the Report Includes

At the beginning, the report highlights key details such as:

• User name
• Country → India
• Currency → INR
• Accounting method → FIFO (First-In First-Out)
• Financial year covered
• Report generation date and time

Why This Report is Useful

• Derivatives-specific compliance – captures all futures and options trades under Schedule VDA for tax filing
• Audit-ready format – structured presentation for regulators and tax professionals
• Accurate P&L reporting – shows cost of acquisition, consideration received, and taxable P&L
• Transparency for users – simplifies complex derivatives data into a clear, standardized format

Key Terms in the Report

• Date of acquisition → When the derivative contract was entered
• Date of transfer → When the position was closed / Realized PNL was booked
• Asset → Underlying cryptocurrency in the contract (e.g., USDT)
• Exchange → Platform where the trade occurred
• Quantity → Number of units/contracts involved
• Cost of acquisition → Entry value (excludes brokerage and fees)
• Consideration received → Value on transfer/closure of the contract
• Taxable PnL → Profits/losses realized and relevant for tax calculation

Example Transactions

Example 1: Same-Day Futures Trade

Here, 100 USDT worth of contracts were acquired and squared off the same day, resulting in a realized taxable gain of ₹100.

Example 2: Futures Position Carried Forward

In this case, the derivative was acquired on 21st Jan and closed on 2nd Feb with no consideration received, resulting in no taxable gain.

Where Can You Use This Report?

• Filing crypto derivative income in your ITR (Schedule VDA section)
• Sharing with your CA or tax advisor for accurate reporting
• Submitting during a tax audit or compliance check
• Keeping precise personal records of futures and options trades

The Schedule VDA Derivatives Report provides a transparent and well-structured view of your crypto futures and options activity. Whether you are entering short-term trades or carrying positions forward, this report ensures every transaction is documented for compliance and clarity.