TDS on Cryptocurrency Peer-to-Peer Transactions
Understand and manage Tax Deducted at Source on P2P crypto sales, reporting obligations and remittance requirements.
TDS on Crypto P2P covers the 1% tax that must be deducted when a buyer purchases crypto from a seller above INR 50,000 in a transaction. If you are a seller receiving payments from buyers (or a marketplace facilitating P2P), you are responsible for the remittance. If you are a buyer, TDS is deducted from your payment. We help you calculate, report and reconcile this tax correctly.
P2P crypto TDS compliance
Full guidance on when TDS applies to P2P trades, how to compute and remit it, and how to report it on your return.
- 1% TDS calculation on P2P sales
- Threshold determination (INR 50,000)
- TDS challan filing (Form 26QB)
- Monthly TDS remittance to GST portal
- Buyer credit reconciliation on ITR
- Seller TDS liability computation
- Marketplace facilitator obligations
What this service includes
The core elements of TDS on Crypto P2P work.
TDS Calculation
1% TDS applies when a single buyer purchase exceeds INR 50K; we compute the exact liability.
Remittance & Filing
TDS is reported on Form 26QB and remitted monthly to the GST portal within 10 days of the month-end.
Buyer Credit
Buyers receive TDS credit on ITR; we reconcile your credit against what the seller reported.
Marketplace Rules
If you operate a P2P platform, you are the TDS collector and remitter for all qualifying transactions.
Our process
From initial consultation to completion.
Engagement & Scope
Understand your situation and define the scope of work and deliverables.
Analysis & Strategy
Review your existing filings, identify issues and develop a corrective strategy.
Implementation
Execute filings, submissions and required responses with full documentation.
Completion & Support
Deliver final work, support any follow-up and integrate with ongoing compliance.
Why we lead in TDS
What sets our approach apart.
Clear compliance
TDS rules for crypto P2P are new; we break down exactly when it applies and how much is due.
Reconciliation
Buyer and seller TDS records are matched so your ITR matches the department's records.
Timely remittance
We manage the challan and remittance calendar so penalties are never incurred.
TDS on Crypto P2P questions answered
What people ask before engaging us.
Ready for expert TDS support?
Let our team help you navigate this process with clarity and confidence.
