How to Report VDA

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This discussion clarifies how to report Virtual Digital Assets (VDA), such as cryptocurrency, in your Income Tax Return (ITR). Generally, if you've only earned salary and other income, and the VDA value is under £50,000, you don't need to declare it at the time of purchase. However, you must declare any VDA if it is sold or transferred during the financial year, similar to reporting shares and mutual funds.

Keyur

Keyur (Querist)

17 June 2025 Sir/Madam

I want to know how to report VDA of Rs. 19400/- in ITR for the fy 2024-25?

Need to report as gift or buy from ?? I buy online crypto currency and it is shown in 26AS & AIS.

Please guide me.

Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

17 June 2025 Consider it as buy, if you have paid the relevant amount.

Keyur

Keyur (Querist)

25 June 2025 To whom buy?? Need to mentioned in ITR Than what to mentioned?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 June 2025 No need to report it if you are not filing ITR 3 with Balance sheet.

Keyur

Keyur (Querist)

25 June 2025 Means

I have only salary income and other source income and VDA (CRPTO CURRENCY) and it's value less than Rs.50000 than no need to mentioned in ITR???

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 June 2025 No need to declare at the time of purchase; but have do declare if it is sold/transferred in the year.

Keyur

Keyur (Querist)

25 June 2025 Okkk

Just like Shares and MF

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 June 2025 Correct..

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 September 2025 Good Luck..