WazirX.
Safety facts, TDS and tax for WazirX users in India.
FIU-IND registeredYes
Crypto withdrawalsNot verifiedRestarted after restructuring; check current limits.
INR deposits and withdrawalsBank transfer
Proof of reservesNot verified
Incidents
- Jul 2024: About $235M stolen in a hack attributed to North Korea. Users got ~85% back; ~15% is in recovery tokens. Details
Tax for WazirX users
- Gains from selling or swapping crypto are taxed at 30% plus 4% cess. Losses can’t be set off. Calculate your tax.
- 1% TDS on sales shows in your AIS and Form 26AS. If it’s more than your tax, claim the difference back. Estimate your refund.
- Report every sale in Schedule VDA of ITR-2 or ITR-3. Step-by-step guide.
Frequently asked questions
Is WazirX registered in India?
WazirX is listed as registered with FIU-IND, India’s anti-money-laundering regulator. Registration is not a safety guarantee or a licence.
Does WazirX deduct 1% TDS?
Indian exchanges deduct 1% TDS on the sale value when you sell or swap crypto, above the threshold. It shows in your AIS and Form 26AS and can be claimed in your ITR.
Does WazirX report to the Income Tax Department?
Platforms serving Indians report crypto transactions and TDS, which appear in your AIS. From 2026, platforms face penalties for failing to report. Assume your trades are visible to the tax department.
How do I get my WazirX tax report?
Most exchanges offer a trade history or tax statement download in the app or website. Use it with our free CSV tax report tool to prepare Schedule VDA.