Crypto P&L
Tax Reports,
Now in minutes
Our real numbers so far
From trade file to tax file
Drop your exchange export: FIFO capital gains, derivatives income and TDS in seconds.
Daily to yearly P&L views. Drill into any period, spot your best and worst runs.
Crypto live today, US and Indian stocks on the way. Any exchange via the converter.
One Excel workbook per financial year: Schedule VDA friendly, quarter-wise splits.
The report view: P&L over time, drillable calendar tiles, one workbook per year.
Export, upload, generate, download
- Export your trade reportDownload your trade history as .xlsx from your exchange, one file per financial year. Any exchange works.
- Pick your platform & uploadPick your exchange, or map any other file once with the converter. Drop all your year files in together so buy history carries across years.
- GenerateEvery sell is matched against your oldest buys, spot gains are split from futures income, and fees and TDS are totalled.
- Review, visualize & downloadReview summary cards and charts, drill into any period, then download one tax-ready Excel workbook per financial year.
Honest by design
No payment, no subscription, no locked features. Sign in with your FinLane account and run.
Uploaded files are removed from the server as soon as your report is generated. Only anonymous counters remain.
Schedule VDA layout, the flat 30% rule, and 1% TDS totals for AIS and Form 26AS reconciliation.
The matching method used, FIFO by default, is printed inside your report, so the math is checkable.
How the options compare
| Manual | Other tools | calc.finlane | |
|---|---|---|---|
| Cost | Hours of formula work | Often paid tiers | Free |
| Multi-year FIFO | Manual, error-prone | Varies by product | Automatic across uploads |
| Schedule VDA format | Build it yourself | Often global formats | Built in |
| 1% TDS totals | Manual tallying | Varies by product | Totalled per FY |
| Your files after the run | Stay on your device | Often stored on servers | Deleted from the server |
Generate your first report
Upload your trade files and get a tax-ready workbook back in minutes. Free, private, and not a single spreadsheet formula in sight.
Learn more about Crypto P&L & Tax Reports
What is a crypto P&L and tax report?
A crypto P&L report converts your raw trade history into the numbers that matter: how much you gained or lost in each financial year, how much you paid in fees, and how much tax was already deducted. A tax-ready version goes one step further: it organises those numbers the way the income tax return asks for them, so filing becomes a copy-over exercise instead of a spreadsheet project.
How India taxes virtual digital assets
Since April 2022, gains from transferring crypto are taxed under Section 115BBH at a flat 30%, plus 4% cess. The rate is the same for every taxpayer. Your income slab, profession, and holding period make no difference. Only the cost of acquisition can be deducted from the sale value; other expenses cannot reduce the taxable gain.
How the 1% TDS on crypto works
Under Section 194S, 1% of the sale value is deducted at source when crypto is transferred above a yearly threshold. TDS is a prepayment, not an extra tax. The deducted amount appears in your AIS/Form 26AS and adjusts against your final tax liability when you file. Indian exchanges handle the deduction automatically; in peer-to-peer trades the responsibility shifts to the buyer.
How FIFO matching computes your gains
When you sell, the engine matches that sale against your oldest remaining purchases of the same coin: first in, first out. The gain on each sale is:
Gain = Sale value − Cost of the oldest matching buys
This is why old-year files matter. If you bought a coin in FY 2022-23 and sold it in FY 2025-26, the report needs the 2022-23 file to know your true cost. Uploading all years together is what makes the math complete.
Spot trades vs crypto derivatives
Selling a coin you own is a spot trade and falls squarely under the 30% VDA regime. Futures and other derivative contracts are different: profits from them are commonly reported as business or other income. Because the two follow different tax treatments, the report keeps them in separate sections, so each can be filed under the correct head without manual untangling.
Common mistakes when reporting crypto income
- Uploading only the latest year: sales are matched to old buys, so missing early files means wrong cost prices and inflated gains.
- Forgetting the TDS credit: the 1% already deducted reduces the tax payable at filing. Reconcile it against AIS/Form 26AS.
- Assuming losses reduce other taxes:crypto losses cannot be set off against salary, stocks, or even another coin's gains.
- Skipping Schedule VDA: crypto gains have a dedicated schedule in the return; reporting them elsewhere makes the filing defective.
Lesser-Known Crypto Tax Facts (Most Investors Miss These)
These are factual observations from India's VDA tax framework and commonly seen filing patterns: context, not tips or recommendations.
Understanding these rules before the filing deadline is what separates a smooth Schedule VDA from a July scramble. Every figure they require is already in the workbook this tool generates.
FAQs
What is a crypto P&L report?
It is a statement of the profit or loss you made on your crypto trades. This tool builds it from your exchange trade file and adds what tax filing needs: gains per financial year, fees, and TDS already deducted.
How is crypto taxed in India?
Gains from selling crypto are taxed at a flat 30% (plus 4% cess) under Section 115BBH. Only the cost of acquisition can be deducted, no other expenses. This rate applies regardless of your income slab or how long you held the coins.
What is the 1% TDS on crypto trades?
Under Section 194S, 1% tax is deducted at source when you sell or transfer crypto above a yearly threshold. Indian exchanges deduct it automatically. It is not an extra tax. It adjusts against your final tax liability when you file your return.
Can I adjust crypto losses against other income?
No. Crypto losses cannot be set off against any other income, and cannot be carried forward to future years. A loss on one coin also cannot be adjusted against a gain on another. This is a specific restriction written into Section 115BBH.
Which file do I upload?
Your trade report in .xlsx format, downloaded from your exchange, one file per financial year. On CoinDCX: Profile → Reports → Trade Report → pick the year. Include the earliest year in which you bought coins you later sold.
Which exchanges does this tool support?
CoinDCX exports work directly, and any other exchange works through the built-in converter.The converter lets you map your file's columns to the standard format once. The mapping is remembered for next time.
Is my trading data stored anywhere?
No. Your files are deleted from the server as soon as your report is generated. Only anonymous aggregate counters (like total reports generated) are kept, never your trades, balances, or personal figures.
What is FIFO and why does it matter for crypto tax?
FIFO (first-in, first-out) means each sale is matched against your oldest purchase first.This decides which buy price is used to compute each gain, so it directly changes your taxable profit. FIFO is the default and is applied across all your uploaded years; under "Calculation method" you can pick another basis, and whichever you choose is printed in your report.
What is inside the downloaded report?
One Excel workbook per financial year, ready for tax filing. It contains a summary overview, spot capital gains computed trade by trade, derivatives income shown separately, and totals for fees and TDS deducted.
Where do I report crypto in my income tax return?
Crypto gains are reported in Schedule VDA of your income tax return. Schedule VDA is available in forms like ITR-2 and ITR-3. The per-year workbook this tool produces gives you the figures that schedule asks for.