How does the Financial Year (FY) affect crypto taxation and TDS?

Created by Mudrex Support, Modified on Wed, 21 Jan at 5:14 PM by Mudrex Support

Crypto taxation follows the Indian Financial Year cycle:

Financial Year (FY): April 1 – March 31

Assessment Year (AY): The year in which taxes for that FY are filed

All - Trades, Withdrawals and TDS Deductions are mapped to the FY in which the transaction occurred, regardless of when the report is downloaded.