Trading or holding VDAs on foreign exchanges and self-custody wallets often leaves no Indian §194S / §393(1) TDS credit — but Schedule VDA, advance tax, and often Schedule FA still apply for Indian residents. PJRJ rebuilds overseas CSVs into Indian tax workings, maps foreign assets for Schedule FA where required, and files a partner-reviewed ITR. We do not recommend exchanges, coins, or P2P channels.
Who this engagement is for
- Indian residents using Binance, Coinbase, Kraken, or other foreign platforms
- Self-custody wallet holders with taxable transfers and weak INR trails
- NRIs and returning residents needing residential-status and Schedule FA clarity
- HNIs with multi-exchange crypto plus foreign bank or brokerage accounts
- Taxpayers whose AIS shows high-value remittances but incomplete VDA disclosure
What we deliver
Foreign CSV & wallet rebuild
Consolidate overseas exchange exports and wallet histories into INR-denominated gain workings for Schedule VDA.
Schedule FA mapping
Identify foreign accounts and VDA holdings that may require Schedule FA disclosure — coordinated with the international tax desk when FEMA issues arise.
Advance tax & interest review
Estimate instalments and interest exposure under Section 234B of the Income-tax Act, 1961 (Section 424 of the Income-tax Act, 2025) / Section 234C of the Income-tax Act, 1961 (Section 425 of the Income-tax Act, 2025) when no Indian VDA TDS was collected.
Special-rate computation
Apply Section 115BBH of the Income-tax Act, 1961 (Section 194 (Table S. No. 4) of the Income-tax Act, 2025) correctly — cost of acquisition only, no invented loss set-offs.
ITR filing & e-verification
Correct ITR form with Schedule VDA, Schedule FA (if applicable), and notes for partner review.
AIS / notice support
Explain remittance and exchange trails if the department or AIS raises a mismatch.
Scope boundary: Tax computation and disclosure only. We do not promote unregulated remittance or P2P cash-out methods. Where FEMA or criminal-law risk appears, we pause and involve specialist counsel.
How an engagement runs
- 1Share foreign exchange CSVs, wallet addresses/summaries, and bank remittance trails
- 2We classify residency, taxable transfers, and Schedule FA candidates
- 3Draft Schedule VDA / FA workings and advance-tax estimate
- 4Partner review, ITR filing / e-verification, working-paper handoff
- 5Optional AIS or notice follow-up
Overseas Crypto & Schedule FA FAQs
Usually yes, if you are an Indian tax resident with taxable VDA transfers. Absence of §194S / §393(1) credit does not remove Schedule VDA or advance-tax duties.
It depends on the asset, account type, and disclosure rules for the year. We map facts before you tick Schedule FA — over- and under-disclosure both create risk.
We flag FEMA-sensitive facts and coordinate with the international / FEMA desk and counsel. Compounding filings are not automatic with this engagement.
Discuss your overseas crypto & schedule fa requirements
Speak directly with a PJRJ income tax specialist — we respond within one business day.