How is crypto taxed in India?

Income from transfer of virtual digital assets is taxed at a flat rate of thirty per cent under Section 115BBH of the Income-tax Act, with no set-off or carry-forward of losses. This is a summary of the published position, not advice for your situation.

Which exchanges are registered in India?

Binance — Binance is registered as a reporting entity with India's Financial Intelligence Unit (announced August 2024, described by Binance as its nineteenth global regulatory milestone). Bybit — Bybit registered with FIU-IND (announcement dated February 2025) after settling a monetary penalty for earlier operation without registration. KuCoin — KuCoin is registered with India's Financial Intelligence Unit as a Reporting Entity (announced March 2024, among the first offshore exchanges to do so).

ChainCostsguideen-IN

Using a crypto exchange in India

Who regulates crypto in India, how to fund an account, and how gains are treated — from the regulator's own material, re-checked 2026-07-12.

Verified: 12 Jul 2026
Sources: Official sources cited
Market: en-IN

Opening an exchange account from India is governed locally, not by the exchange's home page. Financial Intelligence Unit - India (FIU-IND), Department of Revenue, Ministry of Finance, oversees crypto (virtual digital asset) service providers under the anti-money-laundering framework. Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate. That decides which venues may take your registration, what identity checks you will face, and whether a platform advertising to you is actually permitted to serve you. The funding side is just as local: Unified Payments Interface (UPI), the instant payment system operated by the National Payments Corporation of India, is the dominant local deposit rail for retail payments. UPI accounts for the overwhelming majority of digital payments in India and is the largest real-time payment system in the world. Everything below is read from the regulator's own material or the platform's published terms, re-checked on 2026-07-12.

The four things below decide whether an exchange account is usable for you here, and they are decided locally rather than by the platform. Who supervises the sector sets the rules a venue must meet before it may take your registration at all. The licensing regime tells you whether the platform you are looking at is inside that perimeter or merely accepting sign-ups from outside it. The funding rail decides how your money physically arrives and what it costs on the way in, which is a charge no exchange fee page lists. The tax line is what you owe afterwards regardless of which venue you chose. Each row links to the material it was read from on 2026-07-12. India is the market this page covers.

Crypto rules and funding in India, checked 2026-07-12.
What	Published position	Source
Who regulates crypto	Financial Intelligence Unit - India (FIU-IND), Department of Revenue, Ministry of Finance, oversees crypto (virtual digital asset) service providers under the anti-money-laundering framework.	fiuindia.gov.in
Licensing regime	Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate.	fiuindia.gov.in
Main funding rail	Unified Payments Interface (UPI), the instant payment system operated by the National Payments Corporation of India, is the dominant local deposit rail for retail payments.	en.wikipedia.org
Tax treatment	Income from transfer of virtual digital assets is taxed at a flat rate of thirty per cent under Section 115BBH of the Income-tax Act, with no set-off or carry-forward of losses.	incometaxindia.gov.in

What this means in practice

Who is allowed to serve you
Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate. A platform that is not covered by it may still accept your sign-up, but you would be outside the protection the regime is there to provide, and the recourse if something goes wrong is not the same.
How money actually gets in
Unified Payments Interface (UPI), the instant payment system operated by the National Payments Corporation of India, is the dominant local deposit rail for retail payments. UPI accounts for the overwhelming majority of digital payments in India and is the largest real-time payment system in the world. The deposit rail is part of your cost: a transfer method with its own charge changes the real price of a trade before the exchange's fee is applied at all.
What happens at tax time
Income from transfer of virtual digital assets is taxed at a flat rate of thirty per cent under Section 115BBH of the Income-tax Act, with no set-off or carry-forward of losses. Export your trade history from whichever venue you use while you still have access to it — platforms differ in how far back their exports reach, and reconstructing a year of activity after the fact costs far more than saving a file did.
Platforms the register actually lists
Binance: Binance is registered as a reporting entity with India's Financial Intelligence Unit (announced August 2024, described by Binance as its nineteenth global regulatory milestone). Bybit: Bybit registered with FIU-IND (announcement dated February 2025) after settling a monetary penalty for earlier operation without registration. KuCoin: KuCoin is registered with India's Financial Intelligence Unit as a Reporting Entity (announced March 2024, among the first offshore exchanges to do so).

Who regulates crypto exchanges in India?: Financial Intelligence Unit - India (FIU-IND), Department of Revenue, Ministry of Finance, oversees crypto (virtual digital asset) service providers under the anti-money-laundering framework. Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate.
How do I fund an exchange account from India?: Unified Payments Interface (UPI), the instant payment system operated by the National Payments Corporation of India, is the dominant local deposit rail for retail payments. UPI accounts for the overwhelming majority of digital payments in India and is the largest real-time payment system in the world. Check the fee on the rail itself as well as the exchange's deposit fee — the two are separate charges and only one of them is on the exchange's fee page.
How is crypto taxed in India?: Income from transfer of virtual digital assets is taxed at a flat rate of thirty per cent under Section 115BBH of the Income-tax Act, with no set-off or carry-forward of losses. This is a summary of the published position, not advice for your situation.
Which exchanges are registered in India?: Binance — Binance is registered as a reporting entity with India's Financial Intelligence Unit (announced August 2024, described by Binance as its nineteenth global regulatory milestone). Bybit — Bybit registered with FIU-IND (announcement dated February 2025) after settling a monetary penalty for earlier operation without registration. KuCoin — KuCoin is registered with India's Financial Intelligence Unit as a Reporting Entity (announced March 2024, among the first offshore exchanges to do so).

Market: en-IN
Verified: 12 Jul 2026
Data completeness: Only figures backed by the cited sources are shown; anything we could not verify is left out.

Sources

Regulator — fiuindia.gov.in
Licensing regime — fiuindia.gov.in
Funding rail — en.wikipedia.org
Tax treatment — incometaxindia.gov.in

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Offers covered: No active offers in this market
Evidence: 4 cited sources: Regulator — fiuindia.gov.in, Licensing regime — fiuindia.gov.in, Funding rail — en.wikipedia.org, Tax treatment — incometaxindia.gov.in
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