The Classic Partners LLP
Crypto Consulting Services
Expert advisory on the taxation of cryptocurrency and virtual digital assets in India. We help you understand the rules, plan transactions, and stay fully compliant.
Get Crypto Tax AdviceWhat are Crypto Consulting Services?
Cryptocurrency and other virtual digital assets (VDAs) are taxed under specific provisions in India, with a flat tax on gains and TDS on transfers. The rules are detailed and easy to get wrong without expert guidance.
Our crypto consulting helps investors, traders, and businesses understand how their crypto activity is taxed, plan transactions efficiently, maintain proper records, and avoid notices and penalties.
Who Is This For?
- Crypto investors and active traders.
- Businesses accepting or holding virtual digital assets.
- Individuals with gains across multiple exchanges or wallets.
- Anyone unsure how Indian crypto tax rules apply to them.
What We Handle
Taxability Advisory
Explaining how your crypto activity is taxed.
Transaction Planning
Structuring transactions within the rules.
Record-Keeping
Setting up proper transaction records.
TDS Guidance
Understanding TDS on transfers, including P2P.
Portfolio Review
Reviewing holdings for tax exposure.
Notice Support
Help responding to crypto-related queries.
Why Choose The Classic Partners
- Qualified Chartered Accountants who understand virtual digital asset (VDA) rules.
- Accurate gain & TDS computation across exchanges, wallets, and P2P.
- Notice & scrutiny support if the department raises a query on crypto.
- Transparent fees and a single point of contact.
Frequently Asked Questions
How is cryptocurrency taxed in India?
Income from the transfer of virtual digital assets is taxed at a flat rate, with no deduction for expenses other than cost of acquisition, and losses generally cannot be set off against other income. A TDS also applies on transfers.
Are crypto gains treated like capital gains?
Virtual digital assets are taxed under a specific regime rather than the normal capital gains rules. We explain how your gains are computed and taxed under the applicable provisions.
Can I set off crypto losses against other income?
Under the current framework, losses from virtual digital assets generally cannot be set off against other income or carried forward. We help you understand the impact on your position.
Do I need to maintain records of crypto transactions?
Yes. Proper records of purchases, sales, transfers, and TDS are essential for accurate computation and to support your return if questioned. We help you set these up.
Can you advise businesses dealing in crypto?
Yes. We advise businesses on the tax treatment, TDS, and compliance involved in accepting, holding, or transacting in virtual digital assets.
Need clarity on crypto tax?
Get expert crypto tax advice and stay fully compliant.
Contact Us