This guide will help you step by step to manage your Delta Exchange taxes easily and stay compliant. Whether you are a trader or an investor, reporting your crypto transactions correctly is important to avoid any tax problems.
If reporting taxes from Delta Exchange feels complicated, try Catax, a simple cryptocurrency tax calculator. Here’s how you can use it:
- Sign Up on Catax – Create an account, select India as your country, also choose INR as your currency.
- Connect with Delta Exchange – Link your Delta Exchange account to Catax to automatically fetch your transactions.
- Organize Your Transactions – Catax will sort your transactions into gains, losses, and income so you can see everything clearly.
- Download Your Tax Report – Get a detailed tax report from Catax to understand your crypto finances.
How Are Delta Exchange Transactions Taxed?
Delta Exchange primarily offers futures and options (F&O) trading in cryptocurrencies, and not direct buying or selling of crypto assets. Because of this, the transactions on Delta Exchange do not fall under the category of Virtual Digital Assets (VDAs), which are taxed under the flat 30% rate as per Section 115BBH of the Income Tax Act. Instead, profits from Delta Exchange trades are treated like income from F&O trading in stock markets. That means these are considered part of your business income or speculative income, and are taxed according to your individual income tax slab rates—not a fixed percentage.
A big benefit here is that, unlike crypto spot trades, you’re allowed to deduct losses. If you incur a loss in F&O trading on Delta Exchange, you can set off that loss against other business income or carry it forward to future years, provided you file your income tax return on time. This is a significant advantage compared to VDA taxation, where losses cannot be set off against any gains.
Another important point is that Delta Exchange does not deduct 1% TDS (Tax Deducted at Source) on your trades. TDS is applicable only when there is a transfer of ownership of crypto assets in a peer-to-peer or spot trade, which doesn’t happen on Delta Exchange since you are only trading contracts based on crypto prices, not the crypto itself.
Connecting Your Delta-Exchange Account with Catax via API
In Delta-Exchange:
- In your Delta-Exchange, click on the profile icon in the top-right corner.
- Complete your Security Verification.
- Your API and Secret Key will be ready.
On Catax:
- First, log in to your Catax account.
- Go to the integration section select Delta-Exchange and enter your API and secret key.
- Enable auto-sync to sync the full transaction history.
Connecting Your Delta-Exchange Account with Catax via Trade History
In Delta-Exchange:
- Select the year, choose the segment (Options or Futures), pick the cryptocurrency, and then click on Download CSV for the month you need.
On Catax:
- First, log in to your Catax account.
- Go to the integration section and upload your trade history.
