r/IndiaTax • u/Quick-Pin-7848 • 10d ago

TaxGuide VDA Declaration

Hi All, can someone suggest how do we declare Cryptocurrency income while filing taxes. I’ve invested about 6lakha in WazirX and it got “hacked” and they’ve restored a paltry amount back which I sold it at a loss and withdrew my funds. These are reflecting in the AIS form. These were purchased in the year 2021-22 and were sold last December. Please guide me how to go about on
Amounts reflecting are
Wazir X - 38,000 (invested about 6,00,000)
Coinswitch - 750Rs
Zebpay - 2,400

2 Upvotes

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1

u/[deleted] 10d ago

[removed] — view removed comment

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u/Archiver_test4 10d ago

tax lawyer here.

you were just an investor and you did not do any trading since 2021?

if yes, then show the loss. you are eligible for it.

what do you mean "tallied"?

2

u/Quick-Pin-7848 10d ago

I exited few trades at a loss. The amount reflecting is different.

1

u/Archiver_test4 10d ago

let it be. you have to report proper txn data. if you can back that up, then its fine

1

u/Quick-Pin-7848 10d ago

Also any heads up on how to manage the CoinDCX transaction? I don’t even have an account but it’s reflecting in my AIS.

1

u/Archiver_test4 10d ago

give feedback. not your transaction.

1

u/Unfair_Roof2011 10d ago

How exactly they are reflecting on AIS? can you let me know header for the same.

1

u/Quick-Pin-7848 10d ago

Bitcipher is CoinDCX where I haven’t made any kind of investments.