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Is the TDS rate fixed?

For most users, the standard TDS rate is 1%. However, higher TDS rates may apply in certain cases as per government regulations. Please refer to the section "Why is my TDS rate higher than 1%?" below.

Knowledge Base Article

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Tax Deducted at Source (TDS)

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Why is TDS charged on both sides of Crypto-to-Crypto (C2C) trades?

In a Crypto-to-Crypto trade, one crypto asset is effectively being sold to acquire another crypto asset. Since a sale of crypto occurs during the transaction, TDS becomes applicable on both sides of the trade as per prevailing tax regulations.

Knowledge Base Article

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Tax Deducted at Source (TDS)

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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.

Knowledge Base Article

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Tax Deducted at Source (TDS)

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How do I buy a token in CoinDCX Web3?

Follow these steps to buy a token: Log in to the CoinDCX App. Switch to Web3 Mode. Search for the token you want to buy and select it. Review the token details, including the blockchain network and contract address. Tap Buy. Select the token you want to use for payment. Enter the amount you wish to

Knowledge Base Article

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Crypto to Crypto Swap

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Will I get the Crypto Withdrawal (CW) Opt-In process if I have the option to transfer a delisted token?

No, not necessarily. External Wallet Transfer and the Crypto Withdrawal (CW) Opt-In process are two separate features. Having access to External Wallet Transfer for an eligible delisted token does not mean you will receive or become eligible for the Crypto Withdrawal (CW) Opt-In process. The CW Opt-

Knowledge Base Article

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External Wallet Transfer

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Do I need to pay tax when depositing crypto to CoinDCX?

No, there are no taxes applicable when you deposit crypto from another exchange or wallet to CoinDCX. Taxes apply only when you sell or convert crypto assets.

Knowledge Base Article

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Getting Started with Crypto Deposits

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From which exchanges can I deposit Crypto?

You can deposit supported tokens from verified and compliant exchanges.Deposits from private wallets or unverified sources are subject to Enhanced Due Diligence (EDD) and may result in delayed processing or rejection based on regulatory and compliance checks.

Knowledge Base Article

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Getting Started with Crypto Deposits

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What is Crypto Deposit?

Crypto Deposit allows you to transfer crypto from another wallet or exchange into your CoinDCX account. All verified users are eligible, except users who fail compliance checks. Additionally, Travel Rule details (like sender information) must be shared and validated before deposits are credited.

Knowledge Base Article

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Getting Started with Crypto Deposits

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Why Don’t I Have Deposit Access?

Your crypto deposit access may be restricted due to one or more of the following reasons: The account did not meet internal compliance benchmarks. Geographical restrictions based on local regulations. If your access is restricted, no action is required from your end at this time. As our systems cont

Knowledge Base Article

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Getting Started with Crypto Deposits

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What is the Travel Rule and why is it required for crypto transactions?

The Travel Rule is a global guideline issued by the Financial Action Task Force (FATF). It requires crypto platforms to share and validate sender and receiver details for transfers. This helps prevent: Fraud Money laundering Terrorist financing Other illicit activities It ensures a safer and more tr

Knowledge Base Article

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Travel Rule & Compliance

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What type of user activity is considered unauthorized?

Activities that violate regulations or platform policies include: Submitting false or misleading Travel Rule details Using unverified or third-party wallets without proof of ownership Transacting with sanctioned individuals, countries, or platforms Depositing or withdrawing crypto linked to illegal

Knowledge Base Article

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Travel Rule & Compliance

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What happens if the details I submit for Travel Rule checks are incorrect or conflicting?

If the information you provide does not match: Your transaction may be delayed or rejected. Your Crypto Deposit & Withdrawal (CDW) access may be temporarily restricted until accurate details are submitted. Repeated incorrect submissions may lead to permanent restrictions for security and compliance

Knowledge Base Article

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Travel Rule & Compliance

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Why am I being asked to confirm remitter or beneficiary details?

These details help verify that both the sender and receiver involved in a crypto transfer are legitimate and compliant. This protects your funds, reduces fraud risk, and ensures the platform remains secure.

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Travel Rule & Compliance

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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.

Knowledge Base Article

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Tax Deducted at Source (TDS)

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Do I need to provide Travel Rule details for every transaction?

Yes. You must provide Travel Rule details for every crypto deposit or withdrawal, as required under applicable regulatory guidelines.

Knowledge Base Article

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Crypto Access & Eligibility

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How long does it take to enable Crypto Withdrawal after applying?

The EDD (Enhanced Due Diligence) process and manual review usually take up to 14 business days. If additional documents or clarifications are required, the process may take longer.

Knowledge Base Article

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Crypto Access & Eligibility

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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.

Knowledge Base Article

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Tax Deducted at Source (TDS)

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When will my TDS Certificate be available?

TDS Certificate is available for the Financial Year 2025-26. But from next financial year 2026-27, TDS Certificates are made available on a quarterly basis. For example: Q1 (April–June) → Available from 30th September onwards Q2 (July–September) → Available from 31st December onwards Q3 (October–Dec

Knowledge Base Article

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Reports

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Can CoinDCX provide my Tax Report in Excel or PDF format?

Tax Reports are generated through KoinX. The available download formats and report options are determined by KoinX and may vary based on the report type selected.

Knowledge Base Article

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Reports

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Will CoinDCX automatically handle all my tax payments?

No. CoinDCX only provides transaction records, TDS certificates, and access to tax reporting tools. Users remain responsible for calculating, reporting, and paying any applicable taxes while filing their Income Tax Returns (ITR). For tax-related advice, we recommend consulting a Chartered Accountant

Knowledge Base Article

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Reports

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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