Crypto TDS reconciliation: exchange vs Form 168/26AS and AIS
By BtcMedia Research · Updated · Tax years 2025-26 and 2026-27
In your ITR you can claim only the TDS that shows against your PAN in Form 168 (from tax year 2026-27; Form 26AS before that). If an exchange or a P2P buyer deducted 1% but never filed its statement, or typed your PAN wrong, the money is yours but the credit is not. Enter one line per exchange or buyer per quarter below: the tool shows what matches, what is not due yet and what to chase. Example: across five lines ₹10,107 of TDS was deducted but only ₹5,702 shows in the statement; ₹2,385 is missing and ₹2,574 is not due yet.
Your details
One line per exchange or buyer, per quarter
Result
- TDS in your records
- ₹10,107
- TDS in Form 168/26AS (what you can claim)
- ₹5,702
- Past due date, credit missing or short
- ₹2,385
- Not due yet (wait)
- ₹2,574
- Statement shows more than your records
- ₹554
Assumes a resident seller (non-residents: use the NRI calculator). "TDS by the rule" = 1% of the whole amount once the yearly threshold is crossed (₹10,000 for exchanges, ₹50,000 for a specified-person buyer), 20% without PAN; the threshold is yearly, not per line. The P2P due date uses the last month of the quarter (the latest possible). A gap of up to 3% around 1% is treated as normal fee/GST netting.
Worked example: one seller, five lines (as of 24 Oct 2026)
| Line | Your TDS | In Form 168 | Due date | Result |
|---|---|---|---|---|
| Exchange A (Apr–Jun sales) | ₹4,752 | ₹4,752 | 31 Jul 2026 | Matched |
| Exchange B (Apr–Jun sales) | ₹1,485 | ₹0 | 31 Jul 2026 | Credit missing |
| P2P buyer, May sale | ₹900 | ₹0 | 30 Jul 2026 | Credit missing |
| Exchange A (Jul–Sep sales) | ₹2,574 | ₹0 | 31 Oct 2026 | Not due yet |
| Exchange C (Apr–Jun sales) | ₹396 | ₹950 | 31 Jul 2026 | More in statement |
Names and amounts are illustrative; results use the actual rules and due dates. Totals: ₹10,107 in your records, ₹5,702 claimable, ₹2,385 to chase, ₹2,574 to wait for, and ₹554 extra on Exchange C (probably a swap missing from the records).
Why TDS credit goes missing: the usual causes
The statement is not due yet
Quarterly statements are due by 31 July, 31 October, 31 January and 31 May after each quarter. TDS on March sales may only appear after 31 May, so recheck in June before filing an early ITR.
Wrong or missing PAN
If the deductor keyed in the wrong PAN, the credit lands on someone else. Without a PAN the rate is 20% (s.397(2), earlier s.206AA).
The P2P buyer never filed Form 141
A specified-person buyer (an individual or HUF without a tax audit) must file Form 141 (earlier 26QE) within 30 days from the end of the month of deduction. If they do not, no credit appears.
TDS is on the net amount
The 1% is taken on the sale value after the exchange fee and GST, so TDS slightly below 1% of your gross sale is normal.
Swaps: deduction on both legs
In a crypto-to-crypto swap both sides transfer a VDA, and an exchange may deduct on both legs. So the statement can show more TDS than your "sales" add up to.
What to do next, and who to ask
| Matched | Nothing to do. Claim this amount in the taxes-paid part of your ITR and report every sale in Schedule VDA. |
|---|---|
| Not due yet | Recheck Form 168/26AS a few days after the due date. The money was deducted; it just has not been reported yet. |
| Credit missing or short | Write to the exchange's support with your PAN, the quarter and the TDS deducted, ask for their TAN, and ask them to file or correct the statement. The Income Tax Department's own advice is to contact the deductor first. For a P2P sale, ask the buyer for the Form 141 acknowledgement or the TDS certificate. |
| More in statement | Check for a sale or swap missing from your records and add it to Schedule VDA. Do not claim TDS that is not yours; tell the deductor. |
| Amount differs | Check the same sale value in your AIS. A return far off the AIS figure can draw a notice, so keep a note of the reason (fees, swaps) or give feedback on the AIS. |
Statement due dates
| Quarter | Exchange (Form 140/142) | P2P buyer (Form 141) |
|---|---|---|
| Q1 Apr–Jun | 31 Jul 2026 | 30 days after month-end (latest 30 Jul 2026) |
| Q2 Jul–Sep | 31 Oct 2026 | 30 days after month-end (latest 30 Oct 2026) |
| Q3 Oct–Dec | 31 Jan 2027 | 30 days after month-end (latest 30 Jan 2027) |
| Q4 Jan–Mar | 31 May 2027 | 30 days after month-end (latest 30 Apr 2027) |
For tax year 2026-27, from rule 219 of the Income-tax Rules, 2026. For 2025-26 and earlier the same dates applied to the old forms (26Q, 26QF, 26QE, 26AS). Old vs new form names →
FAQ
My exchange deducted TDS but it is not in Form 26AS/168. What do I do?
First check whether the due date for that quarter's statement (31 July, 31 October, 31 January or 31 May) has passed. If it has, ask the exchange, quoting your PAN and the quarter, to file or correct its statement. In the example, Exchange B's ₹1,485 was still missing after the 31 Jul 2026 due date.
Can I claim the TDS shown in my own records?
When your ITR is processed, credit is matched against Form 168/26AS, so TDS that does not appear there usually does not reduce your tax or come back as a refund. In the example your records show ₹10,107, but only ₹5,702 is claimable.
Why is my TDS slightly less than 1%?
TDS is taken on the sale value after the fee and GST. A figure like ₹1,485 on a ₹1,50,000 gross sale is normal. If it is far above 1%, check whether your PAN was missing (20%).
How does TDS on a P2P sale show up?
A specified-person buyer deposits it with the PAN-based Form 141 (earlier 26QE) within 30 days from the end of the month of deduction, and deduction is only required once their purchases from you pass ₹50,000 in the year. Ask the buyer for the acknowledgement.
When does TDS on March sales appear?
The Q4 (January–March) statement is due by 31 May: 31 May 2027 for 2026-27, while the ITR-2 due date is 31 Jul 2027. So reconcile in June before you file.
Sources: Income Tax Department: TDS on transfer of VDAs · Income Tax Department: TDS credit not in Form 26AS · Form 26AS / Form 168 · CBDT note: Form 140 (earlier 26Q) · CBDT note: Form 141 (earlier 26QE) · CBDT note: Form 142 (earlier 26QF) · Income-tax Rules 2026, rule 219. Rules checked 24 October 2026.
Not tax advice. An educational aid for matching your records. Ask a chartered accountant about large amounts or notices.
Related: 1% TDS calculator · Crypto tax calculator · Schedule VDA guide · NRI crypto tax calculator · Crypto ITR checklist · हिंदी में
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- Tool launched: crypto TDS reconciliation. Match the 1% TDS in exchange and P2P records with Form 168 (earlier Form 26AS) line by line: matched, not due yet (rule 219 statement due dates), missing, short or extra credit, with what to ask the deductor. Rows saved only in your browser.