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TDS U/S 194S VDA

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Discussion is about whether crypto trading income (VDA) with TDS under Section 194S can be shown under presumptive taxation. Clarification: presumptive schemes like 44AD are not applicable. Crypto income is taxed separately under Section 115BBH at flat 30%, irrespective of TDS deduction.

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(Querist)
20 March 2026 IF TDS IS DEDUCTED U/S 194S CAN WE SHOW SUCH TURNOVER IN ITR UNDER PRESUMPTIVE INCOME? IF AN INDIVIDUAL IS REGULAR TRADER OF CRYPTOCURRENCY.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
20 March 2026 NO — you cannot opt for presumptive taxation (like 44AD/44ADA) for crypto (VDA) trading income, even if TDS is deducted under Section 194S.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 March 2026 The Income Tax Act provides a specific Section 115BBH, standalone regime for Virtual Digital Assets (VDAs) like cryptocurrency. Under this section, income from the transfer of VDAs is taxed at a flat rate of 30% (plus applicable surcharge and 4% cess).
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