TDS U/S 194S VDA
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(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.
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.
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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