Crypto in India: what we've confirmed
And what is disputed, and what we could not check.
Tax basics
We could not read the Income Tax Department's own pages, because they refused automated access. These points come from the secondary sources shown, so confidence is medium at best.
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Profits from selling, exchanging or using crypto are taxed at a flat 30%, plus surcharge and cess.
Confidence: Medium · Business Today, 5 Feb 2026
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TDS of 1% applies to transfers of virtual digital assets above a yearly threshold: Rs 10,000 for most people, Rs 50,000 for "specified persons". It is charged on the sale value, not on the gain.
Confidence: Medium · TaxGuru, republishing CBDT Circular 13/2022
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Crypto is described as not regulated as a product class: there is tax and anti-money-laundering oversight, but no dedicated crypto law.
Confidence: Medium · Business Today, 5 Feb 2026
Platforms we could source
About 20 exchanges are marked available in India in our catalogue. Only these have any sourced India detail. The rest are not yet researched, and we do not guess.
| Platform | TDS handling | FIU-IND registration | Confidence and source |
|---|---|---|---|
| KuCoin | Deducts TDS on the user’s behalf: 1%, or 20% if no PAN is given. | Not confirmed | High (its own support page) · KuCoin support page |
| WazirX | Deducts TDS automatically. | Not confirmed | Medium (help-centre search result, not a full article) · WazirX help centre |
| Binance | Disputed. See below. We do not state either position as fact. | Reported as registered, from a secondary source and Binance’s own post, not from a government list. | Low · KoinX |
| OKX | Not applicable: OKX ended service for Indian users in March 2024. | Not applicable | Medium (news reports) · FXStreet |
What is disputed
Does Binance deduct the 1% TDS?
Two sources disagree. A Binance Square post from around August 2024 says it will deduct 1% under Section 194S. KoinX, updated 30 October 2026, says it does not deduct on spot and P2P trades. We found no Binance help-centre page that settles it, so we are not asserting either.
Does KuCoin deduct TDS?
Its own support page says yes (1%, or 20% without a PAN), and we treat that page as the answer. An older 2023 post claimed it did not levy TDS, and one search summary mentioned 5%. Neither appears on KuCoin’s page.
What is CoinDCX’s spot fee, 0.10% or 0.50%?
We could not settle it. A CoinDCX blog snippet says 0.1% on one product, while a third-party guide says 0.50% on the INR base. They may describe different products or tiers. CoinDCX’s fee page refused our automated request, so we have not changed our records.
How many exchanges are registered with FIU-IND?
The count has grown: 28 in December 2023, then 50 by October 2025, and 54 as of 9 March 2026 according to a summary of a parliamentary answer. The same summary says FIU-IND does not publish the list, so we cannot verify any single exchange’s registration against a government source.
What we could not check
- Statute and circular text from government pages, which blocked automated access.
- Which exchanges are registered with FIU-IND, because the list is reported as not public.
- INR deposit methods such as UPI, IMPS and NEFT for any platform. None is confirmed yet.
- Whether most platforms are available in India. We re-reviewed all 97 that were marked available: 3 are confirmed, 17 show no restriction in their terms, 5 are not available, and 72 remain unverified because their pages could not be read. Each change is listed on the changelog.
About this page
Why does this page say "not confirmed" so often? +
Because it is true. Government websites refused our automated requests, and exchanges publish India details unevenly. We would rather show the gaps than fill them with guesses, which is what the contradictory guides elsewhere do.
Is this tax or investment advice? +
No. It describes what we found and where. Tax rules change and apply differently to different people, so check the official sources or a qualified adviser.
How do I tell you something is wrong? +
Use the contact link in the footer. Corrections are listed with their sources on our changelog, including the OKX correction made on 10 November 2026.
Published by Binary Tech Stay Solutions
Researched and drafted with AI from official sources, then checked by automated tests. Pages are not individually reviewed by a named human editor.
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