Section 509 — the law in short
What the courts have decided on section 509, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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CBDT Guidance Note on crypto-asset reporting
CBDT Circulars & InstructionsHelps departmentValidity unconfirmed
Do I have to list every crypto trade separately in Schedule VDA, or can I report the net gain?
Every trade separately. Schedule VDA requires transaction-wise disclosure — type of VDA, date of acquisition, date of transfer, sale consideration, cost of acquisition, income from the transfer and the s.194S TDS — and consolidating gains across transactions is treated as a compliance error. Alongside that, crypto-asset service providers have their own duty to report crypto transactions in the prescribed form and to run due diligence to identify reportable persons.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.