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Is it mandatory to pay TDS?

Yes. As per the Income Tax Act, CoinDCX is required to deduct TDS on eligible transactions. The deducted amount is reflected against your PAN and can be adjusted against your tax liability or claimed as a refund while filing your Income Tax Return (ITR), subject to applicable tax rules.

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Tax Deducted at Source (TDS)

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My TDS amount is not matching. What should I do?

You can verify your TDS deductions by comparing the amounts shown in your Trade Report and TDS Certificate (Form 16A). We recommend reviewing the TDS amounts quarter-wise to identify any discrepancies. If the TDS amount does not match: Check the TDS amount for each quarter in both the Trade Report a

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Tax Deducted at Source (TDS)

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Can I view a summary of all my TDS deductions?

Yes. You can download and review TDS Summary Report & TDS Certificate. These are available on both the CoinDCX App and Website.

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Tax Deducted at Source (TDS)

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TDS was deducted by CoinDCX, but I cannot see it in my tax records. Why?

TDS credits may take some time to reflect on the Income Tax Portal after being deposited with the government. If the issue persists after the applicable reporting cycle, please contact support for assistance.

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Tax Deducted at Source (TDS)

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Why is my TDS rate higher than 1%?

While the standard TDS rate is 1%, higher rates may apply under the following circumstances: A TDS rate of 20% may apply if your PAN is not linked with Aadhaar, as per applicable government guidelines. Please note that it may take a few days for Aadhaar-PAN linking updates to reflect in government r

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Tax Deducted at Source (TDS)

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What is TDS?

Tax Deducted at Source (TDS) is a tax deducted at the source of income before the remaining amount is credited to the recipient. In crypto trading, CoinDCX deducts the applicable TDS on eligible transactions and deposits it directly with the Government of India on your behalf.

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Tax Deducted at Source (TDS)

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Is TDS applicable on Crypto Deposits and Withdrawals?

No. TDS is not charged on Crypto Deposits & Crypto Withdrawals

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Tax Deducted at Source (TDS)

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Who deducts the 1% TDS?

CoinDCX deducts the applicable TDS from eligible transactions and deposits it with the Government of India on your behalf.

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Tax Deducted at Source (TDS)

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Where can I view my TDS deductions?

You can view TDS deductions in your order details. On the Order Form, you can click on Info or Fee Breakdown. Review the charges applied to the transaction, including TDS (if applicable). If you'd like to view a consolidated summary of your TDS deductions, you can download the TDS Summary Report fro

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Tax Deducted at Source (TDS)

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Is TDS applicable on SIP purchases?

No. TDS is not applicable when purchasing crypto through SIP installments. However, when you later sell the crypto purchased through SIP, applicable TDS will be deducted on the sale transaction.

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Tax Deducted at Source (TDS)

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How is TDS calculated?

For INR Trading Pairs. TDS is calculated at 1% of the sell order value. Example: Sell Value = ₹2,000 TDS = 1% of ₹2,000 TDS Deducted = ₹20 The remaining amount is credited after deducting applicable trading fees, GST, and TDS. ​ For Crypto-to-Crypto (C2C) Trading Pairs. TDS is calculated on the net

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Tax Deducted at Source (TDS)

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Since when has TDS been applicable to crypto trading?

TDS has been applicable to eligible crypto transactions from 1st July 2022.

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Tax Deducted at Source (TDS)

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My token was delisted and converted to USDT. Will TDS be deducted?

If a delisted token is converted to USDT as part of the delisting process, applicable TDS may be deducted as per prevailing tax regulations before the proceeds are credited to your account.

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Tax Deducted at Source (TDS)

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What if the amount matches in my TDS Certificate but not on the Income Tax Portal?

If the TDS amount matches in your Trade Report and TDS Certificate but differs from what you see on the Income Tax Portal, there is generally no impact on your ability to claim the TDS. This is because the Income Tax Portal may display the cumulative TDS credited against your PAN for the financial y

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Tax Deducted at Source (TDS)

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What is the TDS rate applicable to crypto trading?

A TDS of 1% is applicable on eligible crypto transactions from 1st July 2022 onwards, as per government regulations.

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Tax Deducted at Source (TDS)

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Is TDS applicable on every crypto transaction?

TDS applicability depends on the type of transaction: INR Trading Pairs, TDS is applicable on all sell orders in Spot and Insta markets. Crypto-to-Crypto (C2C) Trading Pairs, TDS is applicable on both sides of the trade because one crypto asset is being exchanged for another

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Tax Deducted at Source (TDS)

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Can previously deducted 20% TDS be reversed?

TDS deducted and deposited with the tax authorities cannot be reversed by CoinDCX. Users may claim eligible tax credits while filing their Income Tax Return (ITR), subject to applicable tax regulations.

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Tax Deducted at Source (TDS)

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Is TDS applicable on Futures, Options, or Global Futures?

No. TDS is currently not applicable on Futures Trading, Options Trading & Global Futures Trading. This is because these products do not involve direct ownership or transfer of crypto assets.

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Tax Deducted at Source (TDS)

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What if I accidentally shared my OTP or approved a suspicious request?

If you've accidentally shared your OTP or approved a suspicious request, take the following steps immediately: ​ Change your CoinDCX account password. Reset your Two-Factor Authentication (2FA) if you believe it may have been compromised. Review your account activity and update your security setting

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Account Safety

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Why should I enable Two-Factor Authentication (2FA)?

Two-Factor Authentication (2FA) adds an extra layer of security to your CoinDCX account by requiring a second verification step when you log in or perform certain account activities. ​ We strongly recommend enabling 2FA and keeping it active at all times to help protect your account from unauthorize

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Account Safety

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DISCLAIMER

The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

*Data sourced from Looker app as on 01st May,2023
*Data as on 01st May,2023
*Quarterly trading volume for Q4 FY'22. Currency conversion rate applied as in data capturing period
*FIU Registered entity, NEBLIO TECHNOLOGIES PVT LTD
*Certified in India for May 2023-24