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.
Do I Need to Pay Taxes When Using Delta Exchange?
Yes, in most countries, your crypto transactions on Delta Exchange are taxable. You may have to pay either capital gains tax (if you make a profit by selling or trading) or income tax (if you earn crypto). Tax rules depend on your country, and some places may have exemptions based on how long you hold your assets or how much profit you make. If you’re unsure, it’s best to check with a tax expert like catax.
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?
Understanding how your Delta Exchange transactions are taxed will help you stay compliant and avoid surprises. Here’s a simple breakdown:
- Capital Gains Tax
- Selling or Trading Crypto – If you sell or trade crypto and make a profit, you may have to pay capital gains tax.
- Tax Rates – The amount you pay depends on how long you hold the asset and your country’s tax laws.
- Income Tax
- Earning Crypto – If you earn crypto through staking, mining, or payments, it is usually considered income.
- Tax Rates – This type of income is taxed at your regular income tax rate.
Note: In India You have to pay tax under the Income Tax Act, 1961, as per Section 115BBH.
- Crypto Sales & Trades (Capital Gains Tax at 30%)
- If you sell, trade, or swap crypto on Delta Exchange, you must pay 30% tax on profits (capital gains).
- You cannot claim any deductions, except for the cost of acquisition.
- You cannot set off losses against other income or carry them forward.
- Earning Crypto (Income Tax at Slab Rates)
- If you earn crypto through staking, mining, or as payment, the government treats it as income and taxes it based on your income slab rate.
- If you receive crypto as salary or business income, the tax applies according to salary or business tax rules.
- 1% TDS on Crypto Transactions
- A 1% TDS (Tax Deducted at Source) is applicable on transactions above ₹50,000 per year (for individuals) or ₹10,000 per year (for specified users).
- This TDS is deducted at the time of selling crypto and can be adjusted against your final tax liability.
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.
FAQs (Frequently Asked Questions)
If you transfer funds from Delta Exchange to another wallet, it is not a taxable event. However, if you convert crypto to fiat before withdrawing, you must pay capital gains tax on any profits.
Yes, the government taxes rewards earned from staking, lending, or interest on Delta Exchange as income, based on their fair market value at the time of receipt.
You must report your crypto taxes annually when filing your regular income tax return. However, if you are an active trader, some tax authorities may require quarterly filings.
Yes, tax authorities apply capital gains tax when you sell NFTs for a profit. If you earn rewards from NFT activities like royalties or staking, those earnings are taxed as income.
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