Taxation of crypto currency transactions

Crypto in the ITR:
• Income from transfer of virtual digital assets is taxed at 30% (Sec 115BBH), with only cost of acquisition deductible. No set-off of losses (even against other VDA gains), and no carry-forward.
• Report in Schedule VDA (ITR-2 or ITR-3): each transaction's acquisition date, transfer date, cost, and consideration.
• TDS under 194S (1%) by exchanges: claim it.
• Gifts of VDA above Rs 50,000 from non-relatives are taxable under 56(2)(x).