The Classic Partners LLP · File ITR for Cryptocurrency

File ITR for Cryptocurrency Holdings and Capital Gains

Complete ITR filing for crypto investors and traders — capital gains, loss carry-forwards and full audit trail.

Quick answer

Filing an ITR with cryptocurrency holdings and gains requires reporting each transaction with cost basis, sale price and date, computing capital gains (short and long term), tracking loss carry-forwards, and disclosing any foreign assets. We prepare the full computation, file the correct ITR form for your profile, and ensure the data is audit-ready.

What we cover

Full-spectrum crypto ITR filing

Every aspect of your crypto activity reported on your ITR with complete documentation and audit trail.

Crypto-specific ITR form selection
Capital gains computation (short & long-term)
Loss carry-forward tracking and reconciliation
Mining income and staking rewards
Foreign asset disclosure (Schedule FA)
Schedule AL reporting (if applicable)
Exchange data reconciliation

Key components

What this service includes

The core elements of File ITR for Cryptocurrency work.

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ITR Form Selection

Determine whether ITR-1, ITR-2 or ITR-3 applies based on your income sources and crypto activity level.

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Gains Computation

Compute capital gains on each transaction using the correct cost-basis method, holding period and rate.

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Loss Tracking

Carry losses forward for up to 8 years; optimise offset timing across years.

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Foreign Assets

Disclose crypto held in overseas accounts, exchanges and wallets under Schedule FA with current FMV.

How we work

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 choose us

Why we lead in File

What sets our approach apart.

Correct form

Choosing the right ITR form ensures your filing is accepted without defect notices.

Audit-ready

Every number is supported by transaction documentation, cost records and exchange exports.

Loss optimisation

Losses are tracked across years and optimally offset to minimise tax burden.

FAQs

File ITR for Cryptocurrency questions answered

What people ask before engaging us.

What ITR form should I file if I have crypto gains? +

If you have capital gains (but no business income), you file ITR-2. If you have mining or trading income and treat crypto as a business, file ITR-3. We advise based on your activity level and nature.

How do I report gains if I don't know my exact cost basis? +

The department expects cost basis to be documented. If records are lost, you can use publicly available indices for the purchase date, or estimate conservatively. We advise on permissible methods given your situation.

Can I offset crypto losses against salary income? +

Losses from capital transactions can offset capital gains only, not salary. However, if crypto is treated as business income, business losses can offset other income. The classification depends on your activity level and intent.

Do I need to file ITR even if I'm below the tax threshold? +

If you have crypto gains, you must file ITR regardless of threshold — the gains are taxable and must be reported. ITR filing deadlines and requirements do not exclude taxpayers with capital gains.

Ready for expert File support?

Let our team help you navigate this process with clarity and confidence.

Book a consultation