Description
Crypto in India is not banned, not legal tender and not regulated by any single law, yet the tax department, FIU-IND, the police and the courts all deal with it every day. People lose money not only in markets but through avoidable legal mistakes: a 30 percent tax bill on gains while losses count for nothing, an unanswered email about Schedule VDA, a bank account frozen after a peer-to-peer sale, a “mentor” on a dating app with a fake trading site, or coins lost for ever because no one in the family knew the recovery phrase. This course explains, in plain language, the legal status of crypto and other virtual digital assets in India, how they are taxed under the new Income-tax Act, 2025, what anti-money laundering rules mean for users, and what to do when you are cheated. It is legal education only: it does not recommend buying, selling or holding any asset.
What you will learn
- Crypto’s legal status: IAMAI v. RBI (2020), RBI’s 2021 position, the unintroduced 2021 Bill, the policy gap and the Madras High Court’s 2025 ruling that crypto is property
- How the RBI e-rupee differs from crypto and stablecoins, and the VDA definition in section 2(111) of the Income-tax Act, 2025 (old s.2(47A)), including NFTs and notified exclusions
- The March 2023 PMLA notification, FIU-IND registration, KYC, and action against offshore exchanges from December 2023
- The flat 30 percent tax under section 194 of the 2025 Act (old s.115BBH), with worked examples on sales, swaps and losses
- Gifts of VDA, airdrops, mining, staking, crypto salary and NFT income: what is clear and what is unsettled
- 1 percent TDS under section 393 (old s.194S), Schedule VDA, advance tax, data matching, NUDGE emails, crypto-asset reporting and block assessment
- Crypto scams, reporting through 1930 and cybercrime.gov.in, seizure and freezing under the BNSS, the BUDS Act, ASCI rules and influencer liability
- Crypto in inheritance, plus checklists, a tax worksheet and model complaint, letter and notice-reply formats
Who this course is for
Retail crypto investors and traders, NFT buyers and creators, freelancers and employees paid in crypto, clients of chartered accountants who hold crypto, and families of people cheated in crypto schemes or dealing with a relative’s crypto after death. No legal, tax or technical background is needed.
How the course works
6 modules and 18 self-paced text lessons, each with worked Indian examples and key takeaways. A quiz of 5 questions follows each module. The final module gives you a record-keeping checklist, a tax computation worksheet, step-by-step action plans and four model formats you can adapt.
How the certificate works
- Final test of 30 multiple-choice questions, mostly real-life scenarios
- 45 minutes, pass mark 60%, retry allowed
- Certificate with a unique ID, verifiable online at lexfolio.in/verify-certificate/
- This is a certificate of completion issued by Lexfolio, not a degree, diploma or professional qualification, and not a licence to give tax, legal or investment advice
This course is for education and general information, not legal, tax or investment advice. It does not recommend buying, selling or holding any virtual digital asset. For a specific case, consult a lawyer or chartered accountant, or the District Legal Services Authority (NALSA helpline 15100). Law as on 7 November 2026.
Access: after payment, open My account > Courses and start learning. Lifetime access.
Access: after payment, open My account > Courses (or the course page) and start learning. Lifetime access to this course.
Free guides for this course
- Crypto tax in India: 30 percent tax and 1 percent TDS explained
- Is cryptocurrency legal in India in 2026?
- Crypto exchanges in India: KYC and FIU registration
- How to report crypto in your ITR: Schedule VDA
- NFT, airdrop, staking and gifted crypto: tax treatment in India
- Crypto fraud: how to complain and chances of recovery
