Tax P&L Report

Tax P&L report helps you understand your taxes applicable on Capital Gains and Business and Profession income generated through trading of Cryptocurrency and NFTs.

Overview

This API generates Tax P&L Report for crypto trading by taking in the trade book data.

Problem

  • Brokers/Exchanges have to provide accurate Realized & Unrealized P&L.
  • Brokers/Exchanges must apply Virtual Digital Asset tax rules to calculate Pre-Tax & Post-Tax returns accurately.
  • The tax landscape is ever-changing with announcements from regulators, tax departments & finance ministry, especially in the case of crypto.
  • Investors & Traders have to furnish accurate P&L & Holdings in their tax returns as per the tax law.
  • Brokers/Exchanges are unable to provide accurate tax computations.
  • Brokers have to provide a report to their users that can help them calculate and report their crypto income.

Solution

  • API generates Tax P&L report which can directly be used to report income from crypto trading in your ITR
  • API to calculate Tax P&L in real-time.
  • API covers tax calculation for different transactions like Trade, Mining, Staking, Gift, NFTs, DeFi, etc.
  • Allows Brokers to visualize Tax P&L for their users.
  • Tax P&L reports can be generated using the trade-wise method as prescribed by the Income tax department.

Endpoint

HTTP MethodEndpoint
POST/it-calculator/crypto/report/tax-pnl

API Endpoint  Contact Us  Free Trial

Request

Query Parameters

ParamTypeDescriptionExample
reportstringPossible values: Tradewise, Scripwisetradewise
fromnumberFrom Date in Epoch milliseconds1667241000000
tonumberTo Date, in Epoch milliseconds1669746600000

Body

Follow the below guidelines to pass the crypto tradebook in raw_body in the form of a sheet structure.

Crypto Currency Tradebook

ParamTypeRequiredDescription
idStringNoTransaction ID of the particular trade
dateNumberYesTrade Timestamp in epoch milliseconds
transaction_typeStringYesIndicates whether the order is :
buy, sell, trade, send, receive
labelStringNoIndicates the category of transaction type.
Possible values:- interest, staking, staking_reward, lost, mining_reward, airdrop, donation, fork, gift, payment, other_income
received_currencyStringYesSymbol of the cryptocurrency received
(If transaction_type = send/sellpass null)
received_quantityNumberYesQuantity received by executing the transaction.
(Required when received_currencynull)
priceNumberYesPrice at which unit is traded.
(If transaction_type = send/receivepass null)
price_currencyNumberYesCurrency in which price is considered.
Possible values: INR, USD, BTC etc.
(Required when pricenull)
price_in_inrNumberYesPer unit value of the crypto in INR
(Required when price_currencyINR or = null)
sent_currencyStringYesSymbol/Name of the crypto sent
(If transaction_type =recieve/buy pass null).
sent_quantityNumberYesQuantity sent by executing the transaction
(Required if sent_currencynull).
fee_currencyStringNoCurrency in which transaction fees or any other expense was made while executing the transaction
fee_amountNumberNoAmount/quantity spent as fees or other expenses while executing transactions
fee_in_inrNumberNoINR value of the fee paid for the transaction.
(Required if fee_currencyINR)

Note - Whenever a field is blank pass null

🚧

All the Transactions should be passed in the request since inception of the account.

Last Traded Price

ParamTypeDescription
Cryptocurrency namestringName of crypto currency, the name should match the name passed in tradebook.
Last traded pricenumberLast traded price of the currency

🚧

Last traded prices are to be passed only for the crypto currencies that are traded by the user and should be passed in List format.

Sample CURL Request

curl--request POST \
--url 'https://api.sandbox.co.in/it-calculator/crypto/report/tax-pnl?report=tradewise&from=1667241000000&to=1669746600000' \
--header 'Authorization: xxxxxxxxxxxxxx' \
--header 'accept: application/json' \
--header 'content-type: application/json' \
--header 'x-api-key: xxxxxxxxxxxxxx' \
--header 'x-api-version: 1.0' \
--data '
{
    "@entity": "workbook",
    "name": "tradebook_workbook",
    "sheets": [
        {
            "name": "crypto_currency_tradebook_sheet",
            "metadata": {},
            "blocks": [
                {
                    "name": "crypto_currency_tradebook_table",
                    "@entity": "table",
                    "header": [
                        "id",
                        "date",
                        "transaction_type",
                        "label",
                        "received_currency",
                        "received_quantity",
                        "price",
                        "price_currency",
                        "price_in_inr",
                        "sent_currency",
                        "sent_quantity",
                        "fees_currency",
                        "fees_amount",
                        "fee_in_inr"
                    ],
                    "rows": [
                        [
                            "32",
                            1677683000000,
                            "buy",
                            null,
                            "CELR",
                            123394.795000000000,
                            227570.920000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "34",
                            1677683460000,
                            "sell",
                            null,
                            null,
                            null,
                            234616.000000000000,
                            "INR",
                            null,
                            "BTC",
                            0.093949513402,
                            null,
                            null,
                            null
                        ],
                        [
                            "35",
                            1677683460000,
                            "buy",
                            null,
                            "BTC",
                            0.093949513402,
                            232269.840000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "36",
                            1677683460000,
                            "sell",
                            null,
                            null,
                            null,
                            227827.570000000000,
                            "INR",
                            null,
                            "CELR",
                            119327.159700000000,
                            null,
                            null,
                            null
                        ],
                        [
                            "37",
                            1677683460000,
                            "buy",
                            null,
                            "USDT",
                            2840.909090909091,
                            250000.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "38",
                            1677683460000,
                            "sell",
                            null,
                            null,
                            null,
                            250000.000000000000,
                            "INR",
                            null,
                            "USDT",
                            2840.909090909091,
                            null,
                            null,
                            null
                        ],
                        [
                            "39",
                            1677683460000,
                            "buy",
                            null,
                            "LTC",
                            32.573217000000,
                            250000.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "40",
                            1677689340000,
                            "buy",
                            null,
                            "BTC",
                            0.167500000000,
                            236282.310000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "41",
                            1677689340000,
                            "sell",
                            null,
                            null,
                            null,
                            238669.000000000000,
                            "INR",
                            null,
                            "BTC",
                            0.167500000000,
                            null,
                            null,
                            null
                        ],
                        [
                            "42",
                            1677689340000,
                            "buy",
                            null,
                            "ZIL",
                            109438.812500000000,
                            250000.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "43",
                            1677683460000,
                            "buy",
                            null,
                            "ICP",
                            513.867215000000,
                            250000.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "44",
                            1677683460000,
                            "sell",
                            null,
                            null,
                            null,
                            174738.000000000000,
                            "INR",
                            null,
                            "USDT",
                            2051.299170616114,
                            null,
                            null,
                            null
                        ],
                        [
                            "45",
                            1677683460000,
                            "buy",
                            null,
                            "USDT",
                            2051.299170616114,
                            172990.620000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "46",
                            1677683460000,
                            "sell",
                            null,
                            null,
                            null,
                            173129.650000000000,
                            "INR",
                            null,
                            "ZIL",
                            74553.897500000000,
                            null,
                            null,
                            null
                        ],
                        [
                            "48",
                            1677683460000,
                            "buy",
                            null,
                            "LUNA2",
                            2202.990000000000,
                            264808.209960000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "50",
                            1677628800000,
                            "receive",
                            "other_income",
                            "BTC",
                            0.000020180000,
                            2300000.84,
                            "INR",
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "51",
                            1677628800000,
                            "receive",
                            null,
                            "BTC",
                            0.000001640000,
                            4.016442000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "52",
                            1677628800000,
                            "receive",
                            "gift",
                            "BTC",
                            0.000152260000,
                            2500000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "53",
                            1677628800000,
                            "receive",
                            "airdrop",
                            "LUNA2",
                            0.000069648000,
                            0.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "54",
                            1677628800000,
                            "receive",
                            "staking_reward",
                            "ADA",
                            0.013368138318,
                            0.000000000000,
                            "INR",
                            null,
                            null,
                            null,
                            null,
                            null
                        ],
                        [
                            "54",
                            1677628800000,
                            "send",
                            "staking",
                            null,
                            null,
                            0.000000000000,
                            "INR",
                            null,
                            "ADA",
                            0.013368138318,
                            null,
                            null
                        ]
                    ]
                },
                {
                    "name": "crypto_currency_last_traded_price_list",
                    "@entity": "list",
                    "items": [
                        [
                            "BTC",
                            1250888
                        ],
                        [
                            "LUNA2",
                            500
                        ],
                        [
                            "CELR",
                            89
                        ],
                        [
                            "ICP",
                            111
                        ],
                        [
                            "LTC",
                            11000
                        ],
                        [
                            "ZIL",
                            98
                        ]
                    ]
                }
            ]
        }
    ]
}'

Response

Tax Pnl Summary

Tax P/L Summary

This table gives a summary of your crypto trades grouped by income_head, income_sub_head, and holding_period.

ParamTypeDescription
income_headstringThe income head of ITR under which the income is to be reported
income_sub_headstringThe income subhead of ITR under which the income is to be reported
holding_periodstringThe holding period of the crypto.
realized_pnlnumberTotal realized profit or loss on the trades without considering expenses
transfer_expensesnumberTotal expenses that occurred during the transafer of crypto, could be network fees, brokerage, or any other transaction fee.
net_realized_pnlnumberTotal realized profit or loss on the trades after considering expenses
taxable_pnlstringTotal taxable amount of all trades
tax_ratestringThe applicable tax rate for all trades.

Transaction Summary

This table gives a summary of your crypto trades grouped by the nature_of_transaction.

ParamTypeDescription
nature_of_transactionstringNature of crypto transaction. possible values:
total_transaction_valuenumberThe total value of crypto transactions that happened for a given nature of transaction.
realized_pnlnumberTotal realized profit or loss on the trades without considering expenses
transfer_expensesnumberTotal expenses that occurred during the transafer of crypto, could be network fees, brokerage, or any other transaction fee.
net_realized_pnlnumberTotal realized profit or loss on the trades after considering expenses

Crypto Currency

Tradewise Capital Gains & Losses

ParamTypeDescription
symbolstringSymbol or description of crypto
quantitynumberTrading quantity
buy_trade_idstringTransaction ID of the buy transaction
buy_datenumberThe date on which the crypto was bought
buy_pricenumberPrice at which a unit was bought
sell_trade_idstringTransaction ID of the sell transaction
sell_datenumberThe date on which the crypto was sold
sell_pricenumberPrice at which a unit was sold
holding_periodstringThe holding period of the crypto could be either long_term or short_term
realized_pnlnumberThe realized profit or loss on the trade without considering transfer expenses
transfer_expensesnumberThe expenses that occurred during the transafer of crypto, could be network fees, brokerage, or any other transaction fee.
net_realized_pnlnumberThe realized profit or loss on the trade after considering transfer expenses
nature_of_transactionstringThe nature of the crypto transaction could be either trading or payment_send
taxable_pnlstringThe taxable amount of the trade
income_headstringThe income head of ITR under which the income of a specific trade is to be reported
income_sub_headstringThe income subhead of ITR under which the income of a specific trade is to be reported
tax_ratestringThe applicable tax rate for the trade.

Tradewise Other Tax PnL

ParamTypeDescription
symbolstringSymbol or description of crypto
quantitynumberTrading quantity
buy_trade_idstringTransaction ID of the buy transaction
date_of_aquisationnumberThe date on which the crypto was bought
cost_of_aquisationnumberTotal cost of acquisition of the crypto
sell_trade_idstringTransaction ID of the sell transaction
date_of_transfernumberThe date on which the crypto was transferred out of the wallet
consideration_receivednumberThe fiat value of the consideration received on the transfer of the crypto.
realized_pnlnumberThe realized profit or loss on the trade without considering expenses
expensesnumberThe expenses that occurred during the transafer of crypto, could be network fees, brokerage, or any other transaction fee.
net_realized_pnlnumberThe realized profit or loss on the trade after considering expenses
nature_of_transactionstringThe nature of the crypto transaction.
taxable_pnlstringThe taxable amount of the trade
turnoverstringTurnover of the transaction.
income_headstringThe income head of ITR under which the income of a specific trade is to be reported
income_sub_headstringThe income subhead of ITR under which the income of a specific trade is to be reported
tax_ratestringThe applicable tax rate for the trade.

Holdings

Cryptocurrency Holdings

ParamTypeDescription
symbolnumberSymbol or description of crypto
quantitynumberTrading quantity
buy_datestringThe date on which the crypto was bought
buy_pricenumberPrice at which a unit was bought
last_trading_pricenumberThe last traded price of the unit

Schedule VDA

Income from VDA Summary

ParamTypeDescription
total_sum_of_all_positive_incomes_of_capital_gain_incomenumbertotal of all gains from Capital gain (exclude losses)
total_sum_of_all_positive_incomes_of_business_incomenumbertotal of all gains from Business Income (exclude losses)

Income from Transfer of VDA

ParamTypeDescription
sr_nonumberserial number
date_of_acquisitionstringThe date on which crypto was acquired
date_of_transferstringThe date on which unit was transferred
income_headstringIncome head under which income from crypto is mapped. Enums: Business and Profession, Capital Gains
cost_of_acquisitionnumberThe cost at which unit was acquired
consideration_receivednumberThe amount received as compensation for transferring units
realized_pnlnumberRealized Profit and loss on transfer of crypto

Sample Response

You can refer to the sample response in workbook format

View Workbook

The API responds back in a sheet structure. An example response is shown below.

{
    "transaction_id": "e63194ef-c595-4e6a-9538-ea61953a490b",
  	"timestamp": 1683302003000,
    "code": 200,
    "data": {
        "name": "tradewise_tax_pnl_workbook",
        "@entity": "workbook",
        "sheets": [
            {
                "name": "crypto_currency_tradewise_tax_pnl_sheet",
                "@entity": "sheet",
                "blocks": [
                    {
                        "name": "crypto_currency_tradewise_capital_gains_and_losses_table",
                        "@entity": "table",
                        "header": [
                            "symbol",
                            "quantity",
                            "buy_trade_id",
                            "buy_date",
                            "buy_price",
                            "sell_trade_id",
                            "sell_date",
                            "sell_price",
                            "holding_period",
                            "realized_pnl",
                            "transfer_expenses",
                            "net_realized_pnl",
                            "nature_of_transaction",
                            "taxable_pnl",
                            "income_head",
                            "income_sub_head",
                            "tax_rate"
                        ],
                        "rows": [
                            [
                                "BTC",
                                0.00002018,
                                "50",
                                1677628800000,
                                2300000.84,
                                "34",
                                1677683460000,
                                234616,
                                "short_term",
                                -41.6795,
                                0,
                                -41.6795,
                                "trading",
                                0,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.00000164,
                                "51",
                                1677628800000,
                                4.0164,
                                "34",
                                1677683460000,
                                234616,
                                "short_term",
                                0.3848,
                                0,
                                0.3848,
                                "trading",
                                0.3848,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.00015226,
                                "52",
                                1677628800000,
                                2500000,
                                "34",
                                1677683460000,
                                234616,
                                "short_term",
                                -344.9274,
                                0,
                                -344.9274,
                                "trading",
                                0,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.093775433402,
                                "35",
                                1677683460000,
                                232269.84,
                                "34",
                                1677683460000,
                                234616,
                                "short_term",
                                220.0122,
                                0,
                                220.0122,
                                "trading",
                                220.0122,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.00017408,
                                "35",
                                1677683460000,
                                232269.84,
                                "41",
                                1677689340000,
                                238669,
                                "short_term",
                                1.114,
                                0,
                                1.114,
                                "trading",
                                1.114,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.16732592,
                                "40",
                                1677689340000,
                                236282.31,
                                "41",
                                1677689340000,
                                238669,
                                "short_term",
                                399.3551,
                                0,
                                399.3551,
                                "trading",
                                399.3551,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "CELR",
                                119327.1597,
                                "32",
                                1677683000000,
                                227570.92,
                                "36",
                                1677683460000,
                                227827.57,
                                "short_term",
                                30625315.537,
                                0,
                                30625315.537,
                                "trading",
                                30625315.537,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "USDT",
                                2840.909090909091,
                                "37",
                                1677683460000,
                                250000,
                                "38",
                                1677683460000,
                                250000,
                                "short_term",
                                0,
                                0,
                                0,
                                "trading",
                                0,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "USDT",
                                2051.299170616114,
                                "45",
                                1677683460000,
                                172990.62,
                                "44",
                                1677683460000,
                                174738,
                                "short_term",
                                3584399.1448,
                                0,
                                3584399.1448,
                                "trading",
                                3584399.1448,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "ZIL",
                                74553.8975,
                                "42",
                                1677689340000,
                                250000,
                                "46",
                                1677683460000,
                                173129.65,
                                "short_term",
                                -5730984194.6891,
                                0,
                                -5730984194.6891,
                                "trading",
                                0,
                                "capital_gains",
                                "virtual_digital_asset",
                                "30"
                            ]
                        ]
                    },
                    {
                        "name": "crypto_currency_tradewise_other_tax_pnl_table",
                        "@entity": "table",
                        "header": [
                            "symbol",
                            "quantity",
                            "buy_trade_id",
                            "date_of_aquisation",
                            "cost_of_aquisation",
                            "sell_trade_id",
                            "date_of_transfer",
                            "consideration_received",
                            "realized_pnl",
                            "expenses",
                            "net_realized_pnl",
                            "nature_of_transaction",
                            "taxable_pnl",
                            "turnover",
                            "income_head",
                            "income_sub_head",
                            "tax_rate"
                        ],
                        "rows": [
                            [
                                "BTC",
                                0.00002018,
                                "50",
                                1677628800000,
                                0,
                                null,
                                null,
                                46.4140,
                                46.414,
                                0,
                                46.414,
                                "other_income",
                                46.414,
                                "46.4140",
                                "business_and_profession",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "BTC",
                                0.00015226,
                                "52",
                                1677628800000,
                                null,
                                null,
                                null,
                                380.6500,
                                380.65,
                                0,
                                380.65,
                                "gift_receive",
                                380.65,
                                "380.6500",
                                "other",
                                "gift",
                                "slab_rate"
                            ],
                            [
                                "LUNA2",
                                0.000069648,
                                "53",
                                1677628800000,
                                0,
                                null,
                                null,
                                0.0000,
                                0,
                                0,
                                0,
                                "airdrop",
                                0,
                                "0.0000",
                                "business_and_profession",
                                "virtual_digital_asset",
                                "30"
                            ],
                            [
                                "ADA",
                                0.013368138318,
                                "54",
                                1677628800000,
                                0,
                                null,
                                null,
                                0.0000,
                                0,
                                0,
                                0,
                                "staking_reward",
                                0,
                                "0.0000",
                                "business_and_profession",
                                "virtual_digital_asset",
                                "30"
                            ]
                        ]
                    }
                ]
            },
            {
                "name": "tax_pnl_summary_sheet",
                "@entity": "sheet",
                "blocks": [
                    {
                        "name": "tax_pnl_summary_table",
                        "@entity": "table",
                        "header": [
                            "income_head",
                            "income_sub_head",
                            "holding_period",
                            "realized_pnl",
                            "transafer_expense",
                            "net_realized_pnl",
                            "taxable_pnl",
                            "tax_rate"
                        ],
                        "rows": [
                            [
                                "capital_gains",
                                "virtual_digital_asset",
                                "short_term",
                                -5696774245.7481,
                                0,
                                -5696774245.7481,
                                34210335.5479,
                                "30"
                            ],
                            [
                                "capital_gains",
                                "virtual_digital_asset",
                                "long_term",
                                0,
                                0,
                                0,
                                0,
                                "30"
                            ],
                            [
                                "business_and_profession",
                                "virtual_digital_asset",
                                "NA",
                                46.414,
                                0,
                                46.414,
                                46.414,
                                "30"
                            ],
                            [
                                "other",
                                "gift",
                                "NA",
                                380.65,
                                0,
                                380.65,
                                380.65,
                                "slab_rate"
                            ]
                        ]
                    },
                    {
                        "name": "transaction_summary_table",
                        "@entity": "table",
                        "header": [
                            "nature_of_transaction",
                            "total_transaction_value",
                            "realised_pnl",
                            "transafer_expense",
                            "net_realized_pnl"
                        ],
                        "rows": [
                            [
                                "mining_reward",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "trading",
                                41162236216.0828,
                                -5696774245.7481,
                                0,
                                -5696774245.7481
                            ],
                            [
                                "staking_reward",
                                0.0000,
                                0.0000,
                                0,
                                0.0000
                            ],
                            [
                                "airdrop",
                                0.0000,
                                0.0000,
                                0,
                                0.0000
                            ],
                            [
                                "interest",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "lost",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "payment_send",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "payment_receive",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "gift_send",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "gift_receive",
                                380.6500,
                                380.6500,
                                0,
                                380.6500
                            ],
                            [
                                "fork",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "donation",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "buy_back",
                                0,
                                0,
                                0,
                                0
                            ],
                            [
                                "other_income",
                                46.4140,
                                46.4140,
                                0,
                                46.4140
                            ]
                        ]
                    }
                ]
            },
            {
                "name": "holdings_sheet",
                "@entity": "sheet",
                "blocks": [
                    {
                        "name": "crypto_currency_tradewise_holding_table",
                        "@entity": "table",
                        "header": [
                            "symbol",
                            "quantity",
                            "buy_date",
                            "buy_price",
                            "last_traded_price"
                        ],
                        "rows": [
                            [
                                "BTC",
                                0.00017408,
                                1677689340000,
                                236282.3100,
                                1250888
                            ],
                            [
                                "LUNA2",
                                0.00006965,
                                1677628800000,
                                0.0000,
                                500
                            ],
                            [
                                "LUNA2",
                                2202.99000000,
                                1677683460000,
                                264808.2100,
                                500
                            ],
                            [
                                "CELR",
                                4067.63530000,
                                1677683000000,
                                227570.9200,
                                89
                            ],
                            [
                                "ICP",
                                513.86721500,
                                1677683460000,
                                250000.0000,
                                111
                            ],
                            [
                                "LTC",
                                32.57321700,
                                1677683460000,
                                250000.0000,
                                11000
                            ],
                            [
                                "ZIL",
                                34884.91500000,
                                1677689340000,
                                250000.0000,
                                98
                            ],
                            [
                                "ADA",
                                0.01336814,
                                1677628800000,
                                0.0000,
                                null
                            ]
                        ]
                    }
                ]
            },
            {
                "name": "schedule_vda_sheet",
                "@entity": "sheet",
                "blocks": [
                    {
                        "name": "income_from_transafer_of_vda_table",
                        "@entity": "table",
                        "header": [
                            "sr_no",
                            "date_of_acquisition",
                            "date_of_transfer",
                            "income_head",
                            "cost_of_aquisation",
                            "consideration_received",
                            "income_head"
                        ],
                        "rows": [
                            [
                                1,
                                1677628800000,
                                1677683460000,
                                "capital_gains",
                                4.7346,
                                -41.6795
                            ],
                            [
                                2,
                                1677628800000,
                                1677683460000,
                                "capital_gains",
                                0.3848,
                                0.3848
                            ],
                            [
                                3,
                                1677628800000,
                                1677683460000,
                                "capital_gains",
                                35.7226,
                                -344.9274
                            ],
                            [
                                4,
                                1677683460000,
                                1677683460000,
                                "capital_gains",
                                22001.2171,
                                220.0122
                            ],
                            [
                                5,
                                1677683460000,
                                1677689340000,
                                "capital_gains",
                                41.5475,
                                1.114
                            ],
                            [
                                6,
                                1677689340000,
                                1677689340000,
                                "capital_gains",
                                39935.5100,
                                399.3551
                            ],
                            [
                                7,
                                1677683000000,
                                1677683460000,
                                "capital_gains",
                                27186016829.4529,
                                30625315.537
                            ],
                            [
                                8,
                                1677683460000,
                                1677683460000,
                                "capital_gains",
                                710227272.7273,
                                0
                            ],
                            [
                                9,
                                1677683460000,
                                1677683460000,
                                "capital_gains",
                                358439914.4751,
                                3584399.1448
                            ],
                            [
                                10,
                                1677689340000,
                                1677683460000,
                                "capital_gains",
                                12907490180.3109,
                                -5730984194.6891
                            ],
                            [
                                11,
                                1677628800000,
                                null,
                                "business_and_profession",
                                46.414,
                                46.414
                            ],
                            [
                                12,
                                1677628800000,
                                null,
                                "business_and_profession",
                                0,
                                0
                            ],
                            [
                                13,
                                1677628800000,
                                null,
                                "business_and_profession",
                                0,
                                0
                            ]
                        ]
                    },
                    {
                        "name": "income_from_from_vda_summary_list",
                        "@entity": "list",
                        "items": [
                            [
                                "taxable_capital_gain_income",
                                34210335.5479
                            ],
                            [
                                "taxable_business_and_profession_income",
                                46.414
                            ]
                        ]
                    }
                ]
            }
        ]
    }
}

Annexures

Annexure 1: Definition of Transaction Type

Transaction TypeDefinition
buyOTC buy transaction on an exchange
sellOTC sell transaction on an exchange
tradeCrypto to Crypto transaction on the Exchange
sendCrypto sent out of the wallet
receiveCrypto received in the wallet

Annexure 2: Label

LabelDefinition
airdropAn unsolicited distribution of a cryptocurrency token or coin, usually for free
interestCryptocurrency received in the form of Interest on the coins kept as a deposit
stakingLock crypto assets for a set period of time to help support the operation of a blockchain
staking_rewardThe reward received for locked crypto assets for a set period of time
forkCrypto received due to hard fork
giftCrypto received as a gift in the wallet
lostIrrecoverable cryptocurrency from wallets
mining_rewardThe crypto reward received on mining the coin
donationDefines a transaction that was donated to a charity
paymentA transaction that was received as a payment for a good or service
other incomeDefines any other type of reward received
transferTransaction between wallets owned by same user.

Annexure 3: Nature of Transaction wise Tax Treatment

Nature of TransactionIncome HeadTax RateNotes
mining_rewardbusiness_and_professionslab_rateTax is applicable on the fair market value of such asset. (as per the price in the open market on the valuation date).
interestotherslab_rateThe complete value of interest is taxable and all kinds of expenses are disallowed.
tradingcapital_gains30%Tax is applicable on the "Full value of consideration", less "Cost of acquisition".
staking_rewardotherslab_rateThe total amount received as reward is taxable and all expenses are disallowed.
forkotherslab_rateThe total amount received as reward is taxable and all expenses are disallowed.
gift_recievedotherslab_rateThe total amount received as gift is taxable at a slab rate
gift_sendNANAAny cryptocurrency that was sent as a gift, would not be considered for taxation
lostNANAAny irrecoverable cryptocurrency from wallets, would not be considered for taxation.
airdropotherslab_rateThe complete value of airdrop is taxable and all kinds of expenses are disallowed.
donationNANAAny cryptocurrency that was donated to charity, would not be considered for taxation
payment_receivedotherslab_rateAny crypto received as a payment is completely taxable and all expenses are disallowed.
payment_sendcapital_gains30%Tax is applicable on the "Full value of consideration" (as per the price in the open market on the payment date), less "Cost of acquisition".
other_incomebusiness_and_profession30%Any other income generated from crypto is completely taxable and all expenses are disallowed.
transfer_inNANATransfers between wallets owned by the same taxpayer are not taxable.
transfer_outNANATransfers between wallets owned by the same taxpayer are not taxable.

Wallet Charge

Since the Tax P&L Report for Crypto API is not a Paid API, no wallet charge will take place.

Versioning

This API is currently in major version 1.0. Refer to our versioning policies here