Tax P&L Summary Sheet
Tax P&L Summary Table
| Param | Type | Description |
|---|---|---|
| income_head | string | The income head of ITR under which the income is to be reported |
| income_sub_head | string | The income subhead of ITR under which the income is to be reported |
| holding_period | string | The holding period of the crypto. |
| realized_pnl | number | Total realized profit or loss on the trades without considering expenses |
| transfer_expenses | number | Total expenses that occurred during the transfer of crypto, could be network fees, brokerage, or any other transaction fee. |
| net_realized_pnl | number | Total realized profit or loss on the trades after considering expenses |
| taxable_pnl | string | The total taxable amount of all trades |
| tax_rate | string | The applicable tax rate for all trades. |
Transaction Summary table
| Param | Type | Description |
|---|---|---|
| nature_of_transaction | string | Nature of crypto transaction. Possible values: mining_reward,trading,staking_reward,airdrop,interestpayment_send,payment_receive,gift_send,gift_receive,fork,donationbuy_back,other_income |
| total_transaction_value | number | The total value of crypto transactions that happened for a given nature of transaction. |
| realized_pnl | number | Total realized profit or loss on the trades without considering expenses |
| transfer_expenses | number | Total expenses that occurred during the transfer of crypto, could be network fees, brokerage, or any other transaction fee. |
| net_realized_pnl | number | Total realized profit or loss on the trades after considering expenses |
Cryptocurrency Spot Tradewise Tax PnL Sheet
Cryptocurrency Spot Tradewise Tax PnL table
| Param | Type | Description |
|---|---|---|
| symbol | string | Symbol or description of crypto |
| quantity | number | Trading quantity |
| buy_trade_id | string | Transaction ID of the buy transaction |
| buy_date | number | The date on which the crypto was bought |
| buy_price | number | The price at which a unit was bought |
| sell_trade_id | string | Transaction ID of the sell transaction |
| sell_date | number | The date on which the crypto was sold |
| sell_price | number | The price at which a unit was sold |
| holding_period | string | The holding period of the crypto could be either long_term or short_term |
| realized_pnl | number | The realized profit or loss on the trade without considering transfer expenses |
| transfer_expenses | number | The expenses that occurred during the transfer of crypto, could be network fees, brokerage, or any other transaction fee. |
| net_realized_pnl | number | The realized profit or loss on the trade after considering transfer expenses |
| nature_of_transaction | string | The nature of the crypto transaction could be either trade or payment_send |
| taxable_pnl | string | The taxable amount of the trade |
| income_head | string | The income head of ITR under which the income of a specific trade is to be reported |
| income_sub_head | string | The income subhead of ITR under which the income of a specific trade is to be reported |
| tax_rate | string | The applicable tax rate for the trade. |
Cryptocurrency Spot Tradewise Other Tax PnL Table
| Param | Type | Description |
|---|---|---|
| symbol | string | Symbol or description of crypto |
| quantity | number | Trading quantity |
| buy_trade_id | string | Transaction ID of the buy transaction |
| date_of_aquisation | number | The date on which the crypto was bought |
| cost_of_aquisation | number | Total cost of acquisition of the crypto |
| sell_trade_id | string | Transaction ID of the sell transaction |
| date_of_transfer | number | The date on which the crypto was transferred out of the wallet |
| consideration_received | number | The fiat value of the consideration received on the transfer of the crypto. |
| realized_pnl | number | The realized profit or loss on the trade without considering expenses |
| expenses | number | The expenses that occurred during the transfer of crypto, could be network fees, brokerage, or any other transaction fee. |
| net_realized_pnl | number | The realized profit or loss on the trade after considering expenses |
| nature_of_transaction | string | The nature of the crypto transaction. |
| taxable_pnl | string | The taxable amount of the trade |
| turnover | string | Turnover of the transaction. |
| income_head | string | The income head of ITR under which the income of a specific trade is to be reported |
| income_sub_head | string | The income subhead of ITR under which the income of a specific trade is to be reported |
| tax_rate | string | The applicable tax rate for the trade. |
Cryptocurrency Spot Tradewise Holding Table
| Param | Type | Description |
|---|---|---|
| symbol | number | Symbol or description of crypto |
| quantity | number | Trading quantity |
| buy_date | string | The date on which the crypto was bought |
| buy_price | number | The price at which a unit was bought |
| last_traded_price | number | The last traded price of the unit |
Cryptocurrency Future Tradewise Tax PnL Sheet
Cryptocurrency Future Tradewise Tax Pnl Table
| Param | Type | Description |
|---|---|---|
| contract_name | string | Symbol or description of crypto |
| quantity | number | Trading quantity |
| buy_trade_id | string | Transaction ID of the buy transaction |
| buy_date | number | The date on which the crypto was bought |
| buy_price | number | The price at which a unit was bought |
| sell_trade_id | string | Transaction ID of the sell transaction |
| sell_date | number | The date on which the crypto was sold |
| sell_price | number | The price at which a unit was sold |
| realized_pnl | number | The realized profit or loss on the trade without considering transfer expenses |
| transfer_expenses | number | The expenses that occurred during the transfer of crypto, could be network fees, brokerage, or any other transaction fee. |
| net_realized_pnl | number | The realized profit or loss on the trade after considering transfer expenses |
| taxable_pnl | string | The taxable amount of the trade |
| income_head | string | The income head of ITR under which the income of a specific trade is to be reported |
| income_sub_head | string | The income subhead of ITR under which the income of a specific trade is to be reported |
| tax_rate | string | The applicable tax rate for the trade. |
Cryptocurrency Future Tradewise Open Position Table
| Param | Type | Description |
|---|---|---|
| contract_name | number | Symbol or description of the Futures contract |
| quantity | number | Trading quantity |
| buy_date | string | The date on which the crypto was bought |
| buy_price | number | The price at which a unit was bought |
| last_traded_price | number | The last traded price of the unit |
Schedule VDA Sheet
Income from Transfer of VDA Table
| Param | Type | Description |
|---|---|---|
| sr_no | number | Seriral number of the entries |
| date_of_acquisition | number | Original date on which the asset was acquired |
| date_of_transfer | number | The date on which the asset was transferred |
| income_head | string | Taxable income head under which that asset is taxable |
| cost_of_acquisition | number | The price at which the asset was originally bought. |
| consideration_received | number | The price received on transferring the asset. |
Income from VDA Summary List
| Param | Type | Description |
|---|---|---|
| taxable_capital_gains_income | number | Total income taxable under the head Capital gains |
| taxable_business_and_profession_income | number | Total income taxable under the head Business and Profession |
Annexures
Annexure 1: Definition of Transaction Type
| Transaction Type | Definition |
|---|---|
buy | OTC buy transaction on an exchange |
sell | OTC sell transaction on an exchange |
trade | Crypto to Crypto transaction on the Exchange |
send | Crypto sent out of the wallet |
receive | Crypto received in the wallet |
Annexure 2: Label
| Label | Definition |
|---|---|
margin | Amount blocked from the wallet for trading crypto futures |
margin_gain | Any gains realized while trading in Crypto Futures |
margin_loss | Any losses realized while trading in Crypto Futures |
airdrop | An unsolicited distribution of a cryptocurrency token or coin, usually for free |
interest | Cryptocurrency received in the form of Interest on the coins kept as a deposit |
staking | Lock crypto assets for a set period of time to help support the operation of a blockchain |
staking_reward | The reward received for locked crypto assets for a set period of time |
fork | Crypto received due to hard fork |
gift | Crypto received as a gift in the wallet |
lost | Irrecoverable cryptocurrency from wallets |
mining_reward | The crypto reward received on mining the coin |
donation | Defines a transaction that was donated to a charity |
payment | A transaction that was received as a payment for a good or service |
other income | Defines any other type of reward received |
transfer | Transaction between wallets owned by same user. |
margin | Amount blocked from wallet for trading crypto futures |
margin_gain | Any gains realized while trading in Crypto Futures |
margin_loss | Any losses realized while trading in Crypto Futures |
Annexure 3: Nature of Transaction wise Tax Treatment
| Nature of Transaction | Income Head | Tax Rate | Notes |
|---|---|---|---|
mining_reward | business_and_profession | slab_rate | Tax is applicable on the fair market value of such asset. (as per the price in the open market on the valuation date). |
interest | other | slab_rate | The complete value of interest is taxable and all kinds of expenses are disallowed. |
trading | capital_gains | 30% | Tax is applicable on the "Full value of consideration", less "Cost of acquisition". |
staking_reward | other | slab_rate | The total amount received as reward is taxable and all expenses are disallowed. |
fork | other | slab_rate | The total amount received as reward is taxable and all expenses are disallowed. |
gift_recieved | other | slab_rate | The total amount received as gift is taxable at a slab rate |
gift_send | NA | NA | Any cryptocurrency that was sent as a gift, would not be considered for taxation |
lost | NA | NA | Any irrecoverable cryptocurrency from wallets, would not be considered for taxation. |
airdrop | other | slab_rate | The complete value of airdrop is taxable and all kinds of expenses are disallowed. |
donation | NA | NA | Any cryptocurrency that was donated to charity, would not be considered for taxation |
payment_received | other | slab_rate | Any crypto received as a payment is completely taxable and all expenses are disallowed. |
payment_send | capital_gains | 30% | 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_income | business_and_profession | 30% | Any other income generated from crypto is completely taxable and all expenses are disallowed. |
transfer_in | NA | NA | Transfers between wallets owned by the same taxpayer are not taxable. |
transfer_out | NA | NA | Transfers between wallets owned by the same taxpayer are not taxable. |