All crypto income in India is taxed at a flat 30% in 2025. No deductions or setoffs are allowed under Section 115BBH..You must report crypto profits separately under “Income from Other Sources” when filing your Income Tax Return (ITR)..Use ITR-2 if you have crypto gains but no business income. Use ITR-3 if crypto is part of your business..Each crypto-to-crypto or crypto-to-INR transaction is considered a taxable event and must be reported individually..The 1% TDS rule under Section 194S continues in 2025 for all transactions over Rs. 10,000 on Indian exchanges..Use your crypto exchange’s TDS certificates (Form 16A) and transaction history to report gains and reconcile payments..Gifting crypto is not tax-free. If the value exceeds Rs. 50,000 and is not from a close relative, it is taxable..International exchanges are not exempt. You must self-declare all gains even if TDS wasn’t deducted automatically..Pay any remaining tax as Self-Assessment Tax before submitting your return to avoid penalties and interest..Read more stories.Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp