Home > Help Center > Crypto CurrencyLast Updated: Apr 22nd 2022

How to declare Income from Crypto Currency?

Another important step in filing your returns is the declaration of your income from Virtual Digital Assets. EZTax.in is providing a comprehensive questionnaire to report the Crypto Currency Transactions (Virtual Digital Assets)

Crypto Currency Declaration Explained

All the data related to Crypto Currency Transactions will be available in Transaction report or Profit and Loss report from the respective exchanges. For Example, WazirX, Coin DCX, Zebpay, Unocoin etc will provide transaction Statements or profit and loss reports.




EZTax.in Self Service Tax Profile ScreenAbove is a Sample excel image


1 Download Crypto Income Template

Download the EZTax Crypto Excel template to capture the cryto transactions using Crypto Income Screen.

Login to EZTax.in/self > Take self-service for any yearfrom AY 2023-24, Select Crypto Income from Tax Profile Screen.
2 EZTax Excel Template

Open the EZTax Excel Template and enter the details as follows

  1. Exchange Name: It is optional. If you have the name, Kindly mention
  2. Exchange Type: Select the Exchange Type i.e., whether Indian or Foreign Exchange
  3. Sale Quantity, Sale Date and Sale Rate: Exchange Transaction reports generally provide sale quantity, date and rate. Copy the Sale quantity, date and rate from Exchange Transaction Report and paste the same in EZTax Excel. Mentioning Sale quantity, date and rate is optional
  4. Sale Value: Determine the sale value from Transaction report given by exchange and enter the same in EZTax Excel or if you have given Sale quantity and rate, excel will automatically compute the sale value. Sale Value is mandatory to enter
  5. Purchase Value: Determine the purchase value from the transaction report given by exchange and mention the same in EZTax excel.
  6. Gift received value at sale: Determine the gift received for each sale and mention the same in the excel.
  7. Gain Amount: It is your Crypto Gain or Loss amount, and it will be automatically calculated
  8. Income Tax: It is the tax payable on your Gain amount. It is automatically calculated by system
  9. Save the EZTax Excel after mentioning all required details

3
Upload Data

Go to EZTax >> Income >> Crypto Income screen and click on Browse and upload the saved file. It will show all the transactions. Click on Save button and data will be saved

4
Summary

Once the data is uploaded, summary of your transactions will be shown and you can view the detailed transactions

How to download reports from Different Exchanges?


1. WazirX

If you are using WazirX, kindly login, go to Account Settings and download Trading report.

  1. Once you download, Kindly filter the coin wise, match the volume sold with bought quantity for every coin and determine the Correct sale value and purchase value.
  2. Once the sale and purchase values are determined, copy the same vertically and paste into EZTax Crypto excel.

2. Zebpay

If you are Zebpay, Kindly login, click on menu and click on the trade statement. Select the required time period and download the statement.

  1. Once you download, kindly filter the deposits and with drawls (Credits and Debits) and arrive the Purchase and Sale values
  2. Once the sale and purchase values are determined, copy the same vertically and paste into EZTax Crypto excel.

3. Coin DCX

If you are using Coin DCX, kindly login, click on profile, Go to orders and select the order History. Download the file

  1. Once you download, Kindly filter the coin wise, match the volume sold with bought quantity for every coin and determine the Correct sale value and purchase value.
  2. Once the sale and purchase values are determined, copy the same vertically and paste into EZTax Crypto excel.

Our Tax Services

Online Income Tax Filing Time: ~7 mins
  • Comprehensive & Accurate > No limits.
  • Highly Secure > Peace of mind.
  • Maximum Deductions > Save on Taxes.
  • No more visits to Tax Consultants > Save Time & Money.
  • Real-time Tax Calculation
  • Available in both Web Browser & Mobile App

Start Now

GST Accounting Software Price: FREE for 1st year in India  refer pricing for other countries such as India, Australia, Malaysia, Nepal, Pakistan, Singapore, Sri Lanka, & UK

Easiest GST ready Accounting software

  • GST Compliant Invoicing
  • Online - Highly available
  • Quick Onboarding - Import your data from legacy
  • Personalization - Highly customized Invoicing
  • Drafts > Estimates > POs > Delivery Challans > Invoices > CR/DR Notes > RCs & All.
  • Barcode scanner Integration
  • Amazon, Flipkart Imports
  • Individual, or Bulk Payments - just a Click away
  • Multiple users can Book / Bill at the same time
  • Quick Invoicing, Auto Delivery, & Reminders
  • Multi-Channel GST returns preparation
  • Customized for Regular and Composition
  • AI Data Insights
  • AI Prioritization
  • AI Alerts
  • Expenses & Purchases
  • Real Time P & L
  • Barcode Scanner, e-Way Bill Integration
  • Excellent User Experience
  • Easy to understand language
  • Artificial Intelligence enablement
  • above all, Count on our Outstanding Client Service

Start NowLearn more
Tax Expert Services Price: Rs.599 onwards

GST
  • Affordable Tax Services for Businesses, Associations, Individuals
  • GST Registration
  • GST Return Filing
  • GST Accounting
  • GST Consultation
  • Notice Handling
Income Tax
  • Income Tax Return Filing for Businesses, Associations, Individuals
  • Tax Savings
  • TDS Preparation
  • General Tax Compliance
  • Investment Advisory
  • Capital Gains Consultation
  • Tax Planning
  • Notice Handling
Virtual Accounting
  • Complete Accounting for Businesses, Associations, Individuals
  • Compliance & Accounting Portal Access for easy monitoring
  • Accounting Advisory
  • Tax Savings
  • GST, Income Tax, TDS, General Tax Compliance
  • Business Planning

Contact Now   WhatsApp Now

How to get help from EZTax.in