Schedule VDA Derivatives Report - India

If you trade crypto futures, options, or perpetual contracts on exchanges like Binance, Bybit, or Delta Exchange, those transactions need to be reviewed separately when preparing your tax reports. The Schedule VDA Derivatives Report captures all realised derivatives trades during the selected financial year and presents them in a structured format so your CA or tax professional can review the realised P&L from derivatives trading. This report is separate from the standard Schedule VDA Report, which covers spot crypto trades.

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What Counts as a Derivative Transaction?

For the purpose of this report, derivatives include leveraged or contract-based crypto trading instruments. Spot trades are reported in the Schedule VDA Report, not here.

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Why Are Derivatives Reported Separately?

Derivatives trades behave differently from spot trades because they involve contract settlement rather than direct asset transfer. Key differences include: P&L depends on contract settlement, positions may involve leverage, settlement may occur without owning the underlying asset, and entry and exit values determine realised P&L. Because of these differences, KoinX separates derivatives transactions to ensure clear reporting for tax review.

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How KoinX Identifies Derivative Trades

KoinX automatically categorises derivatives trades based on exchange data. The system looks at exchange API labels, futures account transaction types, and perpetual contract naming formats. Example: If you trade BTCUSDT perpetual futures on Binance, those transactions are imported from the Binance Futures account and automatically classified as derivatives.

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Report Overview

The Schedule VDA Derivatives Report contains three sections.

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1. Report Header

The report header displays basic report details.

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2. Schedule VDA Derivatives Transactions

This is the main section of the report, listing all realised derivatives trades during the financial year. Each row represents a settled derivatives position.

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Columns in the Report

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Example Transactions

Each row represents a realised derivatives trade during the financial year.

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Understanding Taxable PNL

Taxable PNL represents the realised profit or loss from a derivatives position when it is closed. This value represents the net profit or loss generated when the position was settled.

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Important Notes in the Report

Cost of acquisition excludes brokerage: The Cost of Acquisition column does not include brokerage or exchange trading fees. These fees are excluded from the calculation unless your tax settings offset brokerage in trades. Date of transfer represents realised PNL: The Date of Transfer column represents the date when the derivatives position was closed and the profit or loss was realised. This date is used for reporting purposes. Derivatives reporting may require professional advice: Crypto derivatives transactions may be declared under Schedule VDA only after consultation with a CA or tax professional. Depending on your activity level, derivatives income may also be treated as business income.

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Do You Need Both VDA Reports?

If you trade both spot and derivatives: The Complete Tax Report for India consolidates all activity, but these reports help your CA review the data separately.

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Why Some Trades Appear in the Derivatives Report

KoinX categorises transactions based on exchange account data. Included in the Derivatives Report: futures account trades, perpetual contract settlements, and leveraged positions. Included in the Standard VDA Report: spot account trades, direct crypto purchases or sales, and DEX swaps. If a trade appears in the wrong report, check the exchange integration source. Classification comes directly from exchange APIs.

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Frequently Asked Questions

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