KuCoin is one of the most popular international exchanges among Indian traders — especially for altcoins and futures. But when tax season rolls around, you hit a wall: KuCoin has no India-specific tax report. No auto-calculated gains, no TDS summary, nothing formatted for Indian ITR filing.
Don't worry. Here's exactly how to get your KuCoin trade data and turn it into a proper tax report.
What Reports Does KuCoin Provide?
KuCoin lets you download raw trade history as CSV files. You'll need two separate downloads:
- Spot Orders (Filled Orders) — All your completed spot buy and sell trades
- Futures Orders (Filled Orders) — All your settled futures/derivatives trades
KuCoin doesn't combine these into one file. You'll need to download them individually and handle them separately for tax purposes — which actually makes sense since spot and futures have different tax treatments in India.
How to Download Your KuCoin Trade History
Spot Orders
- Log in to your KuCoin account on the web (not the app — the app doesn't support CSV export)
- Go to Orders → Spot Orders → Filled Orders
- Set the date range to cover the full financial year (April 1, 2024 to March 31, 2025 for FY 2024-25)
- Click the Export button (usually a small download icon in the top-right of the orders table)
- Select CSV format and download
The CSV will contain columns like: Symbol, Side (buy/sell), Price, Amount, Total (in quote currency), Fee, Fee Currency, and Time.
Futures Orders
- Navigate to Orders → Futures Orders → Filled Orders
- KuCoin may also show an option for "Show Order-Splitting" — enable this to get the most granular trade-level data
- Set the same date range as above
- Export as CSV
The futures CSV includes: Symbol, Side, Price, Amount, PNL, Fee, and timestamps. Most KuCoin futures are USDT-margined.
A Note on Date Range
KuCoin may limit how far back you can export in a single download. If you get an error or the file seems incomplete, try downloading in smaller date chunks (e.g., quarterly) and then combine them. Also, KuCoin's export feature sometimes has a slight delay — if you just placed trades today, wait a few hours before exporting.
The USDT-to-INR Challenge
Here's the thing about KuCoin — almost all trades are denominated in USDT, not INR. When you buy ETH on KuCoin, you're buying ETH/USDT. Your profit or loss is in USDT. But Indian tax law requires everything to be reported in INR.
This means every trade needs to be converted from USDT to INR. The question is: at what rate?
- Ideal approach: Use the USDT/INR rate on the exact date of each trade. This is the most accurate but tedious to do manually for hundreds of trades.
- Practical approach: Use an average USDT/INR rate for the financial year. For FY 2024-25, the USDT/INR rate has hovered between ₹83-87 for most of the year.
- What CryptoITR does: We use a standard conversion rate of ₹87/USDT which is a reasonable approximation. This results in a small variance (usually under 2%) compared to daily rate conversion — but it's consistent and defensible.
If you're doing this manually, you could use CoinGecko or CoinMarketCap's historical data to find the USDT/INR rate for specific dates. But honestly, for anything more than a handful of trades, an automated tool saves hours.
How CryptoITR Handles KuCoin Data
When you upload your KuCoin CSVs to CryptoITR, here's what happens behind the scenes:
Spot Trades
- The parser reads each filled order and extracts: trading pair, side (buy/sell), quantity, price in USDT, total value, and fees
- All USDT values are converted to INR at the standard rate
- Trades are fed into the FIFO engine — buys build up your cost basis per asset, sells are matched against the earliest buys
- Your net gain/loss per asset is calculated, and the total spot tax is computed at 30% + cess
Futures Trades
- The parser extracts PnL data per trade, including the realized profit/loss and fees
- Trades are grouped by base asset (BTC, ETH, SOL, etc.) and net PnL is calculated per asset
- Two tax treatments are computed: under Section 115BBH (30% flat, losses non-deductible per asset) and as Business Income (overall net, losses offsettable)
- You get both numbers and can choose the treatment that applies to your situation
The whole process takes about 30 seconds for a typical KuCoin file. Upload the spot CSV, upload the futures CSV, hit calculate — done.
No TDS on KuCoin — What This Means for You
Since KuCoin is an international exchange, it doesn't deduct 1% TDS under Section 194S. Indian exchanges like CoinDCX and WazirX deduct TDS because they're registered in India and are required to by law. KuCoin has no such obligation.
What does this mean practically?
- You owe the full tax amount: There's no TDS to credit against your liability. If your KuCoin profits generate ₹60,000 in tax, you pay the full ₹60,000.
- Advance tax applies: If your total tax liability (from all sources including crypto) exceeds ₹10,000, you're expected to pay advance tax in quarterly installments. If you don't, you'll face Section 234B and 234C interest.
- No Form 26AS entry: Since no TDS was deducted, your KuCoin trades won't show in Form 26AS under TDS. However, they might still show up in your AIS if you've done KYC with Indian documents — KuCoin has been known to share data in response to Indian tax authority requests.
- Self-assessment tax: When filing your ITR, you'll pay the tax as "self-assessment tax" before submitting the return. This is done through the Challan 280 on the IT portal.
Common Issues with KuCoin Data
- Missing trades: If you used KuCoin's trading bots or participated in token launches, those trades may not appear in the standard Filled Orders export. Check other sections of your order history.
- Dust trades: Very small trades (like earning ₹2 worth of a new token from KuCoin campaigns) still need to be reported. They're usually negligible but don't ignore them if they add up.
- Transfers between accounts: If you moved funds between your Main and Trading accounts on KuCoin, those are internal transfers — not taxable events. But they might confuse manual calculations if you're not careful.
Quick Checklist for KuCoin Tax Filing
- Download Spot Filled Orders CSV for FY 2024-25
- Download Futures Filled Orders CSV for FY 2024-25
- Upload both to CryptoITR
- Review the computed gains, USDT-INR conversion, and per-asset breakdown
- Note the total tax liability (no TDS credit applies)
- Pay self-assessment tax via Challan 280 if needed
- Report in ITR-2 (Schedule VDA for spot, appropriate schedule for futures)
- File and verify before the deadline
KuCoin may not make tax reporting easy, but with the right files and the right tool, it takes minutes instead of days. Get your CSVs downloaded and let CryptoITR handle the rest.