This startup does what most CAs can’t – compute crypto taxes; and 16,000 Indians are waiting in line
— Indian, Investors, Startup, Indians, Users, Waiting, Platform, Angel, Taxes, Compute — 1 min read
India’s first crypto tax calculation platform, KoinX, aims to make life easy on the tax front for crypto investors. Over 16,000 users have been registered on the waitlist of the platform. The subscription to the platform is priced at ₹749 per user per annum. The Indian government announced new crypto taxes earlier this year, levying a 30 percent tax on crypto profits, effective April 1, and a 1 percent tax deductible at source (TDS) on all crypto transactions, effective July 1. The company claims to be a one-stop-shop for calculating tax levied on digital assets like cryptocurrencies, NFTs. It has tied up with six crypto exchanges – CoinDCX,. Binance, Vauld, Bitbns and WazirX – for data access. Source