> ## 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.
# Schedule VDA Derivatives Report - India
> Understand how the Schedule VDA Derivatives Report summarises crypto futures and options P&L for India so your derivatives activity is reflected correctly in crypto tax filings.
* Covers all crypto derivatives trading activity including futures, options, and perpetual contracts
* Shows entry value, exit value, and realised P\&L for each settled position
* Reporting date is based on the position close date (realised PNL date), not the open date
* Cost of acquisition excludes brokerage and trading fees
* Used alongside the standard Schedule VDA Report, which covers spot trades
* Consult a CA before declaring derivatives income under Schedule VDA
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.
***
## What Counts as a Derivative Transaction?
For the purpose of this report, derivatives include leveraged or contract-based crypto trading instruments.
| Instrument | Example | Included |
| ------------------- | ----------------------------- | -------- |
| Futures | BTC-USDT Perpetual on Binance | Yes |
| Options | ETH call or put options | Yes |
| Perpetual contracts | BTCUSDT Perp on Bybit | Yes |
| Leveraged trades | Margin trading with leverage | Yes |
| Spot trades | Direct buy/sell crypto | No |
Spot trades are reported in the Schedule VDA Report, not here.
***
## 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.
***
## 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.
***
## Report Overview
The Schedule VDA Derivatives Report contains three sections.
| Section | Purpose |
| ------------------------------------- | ------------------------------------ |
| Report Header | Displays user and report metadata |
| Schedule VDA Derivatives Transactions | List of realised derivatives trades |
| Notes | Important calculation clarifications |
***
## 1. Report Header
The report header displays basic report details.
| Field | Description |
| ------------------- | ----------------------------------- |
| Name | Name of the KoinX account holder |
| Report Generated On | Timestamp when report was generated |
| Period | Financial year covered |
| Accounting Method | Cost accounting method used |
| Currency | Reporting currency (INR) |
| Country | Tax jurisdiction |
***
## 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.
### Columns in the Report
| Field | Meaning |
| ---------------------- | ----------------------------------------------------- |
| Date of acquisition | Date when the derivatives position was opened |
| Date of transfer | Date when the position was closed (realised PNL date) |
| Asset | Asset used in the derivatives trade |
| Exchange | Exchange where the trade occurred |
| Quantity | Quantity involved in the trade |
| Cost of acquisition | Entry value of the position |
| Consideration received | Exit value received |
| Taxable PNL | Profit or loss from the position |
***
## Example Transactions
| Date of acquisition | Date of transfer | Asset | Exchange | Quantity | Cost of acquisition | Consideration received | Taxable PNL |
| ------------------- | ---------------- | ----- | -------- | -------- | ------------------- | ---------------------- | ----------- |
| 17-07-2024 | 25-07-2024 | USDC | binance | 0.96912 | 87 | 0 | 0 |
| 26-10-2024 | 26-10-2024 | APT | binance | 0.149361 | 0 | 118 | 118 |
| 07-07-2024 | 04-11-2024 | ETH | binance | 0.006205 | 1701 | 0 | 0 |
| 30-11-2024 | 30-11-2024 | ETH | binance | 0.004692 | 0 | 1494 | 1494 |
Each row represents a realised derivatives trade during the financial year.
***
## Understanding Taxable PNL
Taxable PNL represents the realised profit or loss from a derivatives position when it is closed.
| Entry Value | Exit Value | Taxable PNL |
| ----------- | ---------- | ----------- |
| ₹10 | ₹25 | ₹15 profit |
| ₹20 | ₹10 | -₹10 loss |
This value represents the net profit or loss generated when the position was settled.
***
## 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.
***
## Do You Need Both VDA Reports?
If you trade both spot and derivatives:
| Activity | Reports Needed |
| ------------------------- | ------------------------------- |
| Only spot trading | Schedule VDA Report |
| Only derivatives trading | Schedule VDA Derivatives Report |
| Both spot and derivatives | Both reports |
The Complete Tax Report for India consolidates all activity, but these reports help your CA review the data separately.
***
## 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.
***
## Frequently Asked Questions
No. Spot trades are captured in the Schedule VDA Report.
KoinX classifies transactions based on exchange account types. Futures account trades appear in the derivatives report, while spot account trades appear in the standard report.
No. Brokerage and trading fees are not included in the cost value in this report.
It represents the realised profit or loss when the derivatives position was closed.
This happens because crypto derivatives trades are settlement-based contracts, not direct asset purchases like spot trades. Exchanges report derivatives settlements differently: for a profitable trade, the realised profit is recorded as consideration received with cost shown as ₹0. For a loss trade, the realised loss is recorded in the cost column with no consideration received. This reflects the contract-based nature of derivatives rather than a traditional buy-sell structure.
***