New Delhi, Sept. 8 -- Think filing your taxes is a pain? Try doing it for crypto. While stock market investors get tidy capital gains statements from their brokers, the world of cryptocurrency is a wild frontier.

Reporting Virtual Digital Assets (VDA) while filing your income tax return (ITR) is a monumental task because the transaction data is a chaotic mess, scattered across multiple exchanges, wallets, and blockchains. This makes consolidating your trades and finding the correct cost of acquisition the single biggest hurdle for investors.

"The major concern in reporting VDA is getting the correct cost of acquisition. For those who may have done a few trades, it's not difficult, but in the case of a bulk of transactions done across mu...