The Future Of Crypto Tax

Yes, cryptocurrency transactions are subject to tax at a rate of 30% when certain transactions are made, including selling crypto for INR or another fiat currency, trading crypto for crypto, and spending crypto on goods and services. However, certain cases such as receipt of airdrops and staking income will be taxable under the head of 'Income from Other Sources' at applicable individual slab rates.

KoinX does not charge any fees from tax professionals. They can onboard and integrate any number of clients. However, a fee will be levied when tax reports are generated for each client per year. Additionally, tax professionals are eligible for discounts on pricing plans.

Yes, KoinX is fully compliant with tax laws of India, and all computations are prepared as per income tax guidelines. KoinX is also the only platform to provide reports in Schedule VDA format to enable investors to easily file their tax returns.

To import data into KoinX, you can follow the step-by-step guidance on the integration page for each exchange on which you have traded. If you have transacted on the blockchain, you can integrate your blockchain wallet by simply entering the public wallet address on the Integrations page of the KoinX platform.

Yes, as a tax professional on the KoinX platform, you will have access to the complete portfolio of your clients, and you can track as well as assist them with all their tax-related issues and computations.