Recordkeeping is the unglamorous but essential side of P2P. The list below covers every audit, dispute, and freeze scenario; missing items here is where ITR-time and police-time stress originates.
Trade-level records
Trade history Excel from each exchange (downloadable monthly).
Screenshots of individual trades you suspect could become disputed (high-value, new merchant, etc.).
Payment-level records
UPI receipts with UTRs — saved per-trade, named with date.
Bank statements — monthly downloads.
Screenshots of credit-confirmations from your bank's app for sells.
KYC + identity
Your KYC documents (PAN, Aadhaar, address proof).
KYC confirmation/email from each exchange.
Tax records
ITRs filed (with Schedule VDA).
Form 26AS for each financial year.
Annual Information Statement (AIS) downloads.
Storage strategy
Cloud (Google Drive, Dropbox) folder structure: /year/month/[trades, payments, kyc, tax]. Encrypted backup of the whole thing offline.
Retain for at least 6 years (the IT Department's normal lookback window for crypto-era assessments).
Key takeaways
- Five record categories: trades, payments, KYC, tax, statements.
- Index by date in cloud + offline encrypted backup.
- Retain for at least 6 years.
- Comprehensive records = audit-friendly + dispute-friendly + freeze-defensible.
