Where Do I Show TDS on Crypto Sales as an NRI?

You should reconcile 1% TDS from exchanges in Form 26AS/AIS, claim credit against 30% tax in ITR, and pay the balance tax through challan before filing.

How to Report Staking/Airdrop Income From Crypto?

Income from staking rewards and airdrop is taxed on "Income from other source" at your individual income tax slab rate upon receipt. This is separate from the flat 30% tax on gains from the transfer of VDA.

What Is the Deadline for NRIs Reporting Crypto in Their ITR?

For non-aduti cases, the deadline is 31st of July. Also, to avail benefits like carrying forward losses or claiming a TDS refund, the deadline for filing a revised or belated return is till 31st of December for missed VDA disclosures.

What Are the Penalties for NRIs Failing to Report Crypto?

If taxable and not filed, the penalty can be Rs. 10k–Rs. 50k. Additionally 200% penalty on underreported VDA income.

NRI Income Tax & Compliance

How Should NRIs Report Crypto in Indian ITR?

By Sanskriti Saxena |Last Updated: December 29, 2025

How Should NRIs Report Crypto in Indian ITR?

An NRI (Non-Resident Indian) needs to report any India-taxable crypto income from VDA (Virtual Digital Assets) in their Indian ITR. This is done using Schedule VDA in ITR-2 or ITR-3 with a flat tax rate of 30% plus cess on gains. Accurate reporting depends on the NRI's residential status, the location where the trade occurs (whether in India or foreign exchanges), and whether the income is "earned" or "received" in India.

Keep reading further to know more about how an NRI should report crypto while filing their Indian ITR (Income Tax Returns).

Sanskriti Saxena(Tax Expert)

Miss Sanskriti is a certified Tax Expert. She has her expertise in US GAAP, Taxation, SOX, IRS, Accounting, and Auditing standards. Miss Saxena is an intellectual blend of a high-end auditor, tax consultant, and accountant

Frequently Asked Questions

Pure NRIs (non-residents) report only India-sourced VDA (Virtual Digital Assets) income (e.g., through Indian exchanges or NRO withdrawals). ROR residents report global crypto holdings/gains in Schedule VDA and foreign assets in Schedule FA.

Income acquired from VDA transfers is taxed at a flat rate of 30% plus cess, if you are an Indian tax resident, or if sourced in India (such as Indian exchange trades, NRO funding). Additionally, a TDS of 1% applies to transfers of more than RS. 50K (business) or Rs. 10k (others).

Use ITR 2 or ITR 3 for crypto reporting. Additionally, report VDA gains/losses in the new Schedule VDA by providing full transaction details like exchange, cost/sale values, and TDS from Form 26AS.

No, Non-Resident Indians (NRI) are generally not required to report their foreign crypto in Schedule FA of their Indian ITR (Income Tax Return). The requirement to file Schedule FA is applicable only to taxpayers who are classified as ROR (Resident and Ordinarily Resident) in India.

As an NRI, you should calculate your India-sourced crypto gains using the FIFO (First-in, First-Out) method. The calculation is Sale - Cost of acquisition. A flat tax rate of 30% applies to all VDA income. Generally, no deductions or set-offs against other income are allowed, except for TDS credit.

How Should NRIs Report Crypto in Indian ITR?

Frequently Asked Questions

Do NRIs Need to Report Crypto in the Indian ITR at All?

When Does Crypto Become Taxable for NRIs in India?

Which ITR Form Should NRIs Use for Crypto Reporting?

Do NRIs Need to Report Foreign Crypto in Schedule FA?

How to Calculate Crypto Gains for NRI ITR?

How Should NRIs Report Crypto in Indian ITR?

Frequently Asked Questions

Do NRIs Need to Report Crypto in the Indian ITR at All?

When Does Crypto Become Taxable for NRIs in India?

Which ITR Form Should NRIs Use for Crypto Reporting?

Do NRIs Need to Report Foreign Crypto in Schedule FA?

How to Calculate Crypto Gains for NRI ITR?