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Home > Income Tax > Help Center > Crypto CurrencyLast Updated: Jan 25th 2024

How to declare Income from Crypto Trading?

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


Crypto Trading 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.


Treatment of Crypto Trading, Income, Profit & Loss is different from Apr 1st 2022. This Screen / Questionnaire is applicable from FY 2022-23 (AY 2023-24) Tax Filing. Refer more @ Crypto Tax Help Center
EZTax.in Self Service Tax Profile Screen

Tax Profile Components

  1. Download Crypto Income Template
  2. EZTax Excel Template
  3. Upload Data
  4. Summary


EZTax.in Self Service Tax Profile Screen
Above is a Sample excel image, you can download on the Capital Gains Screen


1 Download Crypto Income Template

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

Login to EZTax.in/self > Take self-service for any year from AY 2023-24, Select Crypto Income from Tax Profile Screen (access this from left side MENU).
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

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 / Brokers / Intermediaries?


1. Binance

If you are using Binance or your broker / exchange recently merged in to Binance, kindly login to Binance @ https://www.binance.com/en after Login, Click on 'Transaction History' under Wallet Click on 'Generate All Statements' Select the dates (eg. from 01st Apr 2022 to 31st Mar 2023), and click on 'Generate' Once the file is generated, download to use.

  1. Once you download, Kindly filter the coin / asset 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. 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.


3. 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.


4. 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.

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Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.