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Cryptocurrency compliance model

Galactic Advisors' experts have developed a crypto compliance model for Indians where we handle all your crypto related compliances from end to end.

Considering the large amount of scrutiny and attention to cryptocurrency transactions from the Government as well as income tax department, you definitely want to ensure you are compliant with all the rules and regulations. 

Don't worry. We've got your back. 

Evaluation of crypto transactions

  • Understanding flow of transactions between different crypto exchanges and wallets,

  • Understanding and evaluating swap between crypto-pairs on different exchanges viz. Binance, WazirX, Coinbase, etc. 

  • Evaluation of crypto swap transactions on different networks including Pancake swap, Uniswap, etc. 

  • Evaluation of BscScan, Etherscan, etc. statements

  • Review of data shared by client for transactions on different exchanges or peer-to-peer networks. 

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Tax implications and optimization

  • Evaluating provisions of the Income-tax Act, 1961 for determining taxability of cryptocurrency:

    • Income from Capital Gains

    • Profits and Gains from Business and Profession

    • Income from other sources

  • Tax optimization, minimization and compliance for sale of cryptocurrency.

  • Tax implications on token burn.

  • Tax implications on reflection tokens including:

    • Implications on holding and receiving reflections

    • Implications on sale and tax on sale


General Advisory

  • Advisory on holding/ liquidating cryptocurrency currently held by the client.

  • General consultation on general income tax and investment topics throughout the year



Income tax

  • Calculation of self assessment/ advance tax payable. 

  • Computation of income for each financial year

  • Filing Income Tax Return (ITR)

  • Tax structuring for efficiency in future transactions.

Foreign Exchange Management Act (FEMA) and other laws

  • Assistance with compliance with FEMA as well as other laws with respect to crypto transactions. 

  • Advisory on aspects relating to crypto transactions from a legal as well as RBI standpoint. 

  • Maintaining clean trail of transactions and records for cryptocurrency transactions. 


You can download our Crypto Compliance Model below

Need our assistance? Feel free to contact us!

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