# Crypto gifting is legal in India, tax rules apply 2026-08-18T13:57:13+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Crypto gifting is legal in India, according to CoinDCX finance head Pranav Pagaria. Virtual digital assets are recognised under the tax framework. Gifts from specified relatives, such as spouses, parents, children, and siblings, are fully exempt from tax. Gifts from non-relatives are taxable if the aggregate value exceeds Rs 50,000 in a financial year. The entire amount, not just the excess, becomes taxable as income from other sources at the recipient's slab rate. When an exempted crypto gift is later sold, the donor's original purchase price becomes the cost of acquisition for the recipient. For a taxable gift from a non-relative, the fair market value on the date of the gift is the cost. Taxable gains on crypto sales are charged at 30 per cent plus surcharge and cess. The buyer deducts 1 per cent TDS, which can be claimed as credit. Both parties must keep exchange statements, wallet records, gift deeds, and valuation proof. Gifts held on foreign platforms require disclosure under Schedule FA in income tax returns. The ITR framework mandates transaction-wise reporting of virtual digital assets under Schedule VDA. ## Indian Opinion Analysis The coverage by Livemint is a neutral, explanatory guide based on an interview with CoinDCX's Pranav Pagaria. There are no competing framings or critical views of government policy. The article simply explains existing tax rules on crypto gifting under the Income Tax Act and FEMA. By absenting any political angle or debate, the piece treats the law as settled. For a careful reader, the critical takeaway is that while gifting is legal, the tax burden, especially the donor's original cost of acquisition for exempt gifts, can surprise recipients. With the 30 per cent VDA tax rate and 1 per cent TDS rules unchanged since FY2022-23, the next milestone to watch is the July 2025 ITR filing deadline for FY2024-25, when these disclosures will be tested. ## Coverage Coverage: 1 source, 1 neutral - livemint.com (neutral report) Neutral FAQ-style guide, no government or opposition slant This story was synthesised by AI from the source linked above. Tags: CoinDCX, FEMA, Income Tax Act, Pranav Pagaria Canonical: https://indianopinion.org/crypto-gifting-is-legal-in-india-tax-rules-apply/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/crypto-gifting-is-legal-in-india-tax-rules-apply/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/