Quick Summary Box:
Category | Information |
Supported Methods | CSV Upload |
Estimated Time | 5 to 10 minutes |
Platforms Supported | Mobile |
Filing Support | 100+ Countries |
Ideal For | Investors, Stakers, Traders |
Get Started |
SunCrypto is a fast-growing crypto trading platform tailored for mobile users in India. With a user-friendly app and access to a variety of digital assets, it has become a popular choice for investors looking to trade on the go. The platform focuses on ease of use, real-time market access, and low trading fees, making it attractive to both beginners and experienced traders.
While trading on SunCrypto is simple, handling tax obligations can feel complex. That’s where KoinX makes a difference. By uploading your SunCrypto transaction history via CSV, KoinX automates your tax reporting process. It calculates your gains, losses, and taxable events accurately, helping you stay compliant with local tax laws across 100+ countries.
How to Integrate SunCrypto with KoinX?
Follow these steps to swiftly and effortlessly generate your SunCrypto tax report:
Step 1: Log in to your SunCrypto account.
Step 2: Navigate to the Profile Section by clicking on the bottom right corner of the home page.
Step 3: Select Download Reports.
Step 4: Choose the Trade Summary option to download all your crypto trades
Step 5: Select Crypto Report Download for all your crypto-related deposits and withdrawals.
Step 6: Select your preferred time duration and click on the Get Report button. You will receive your reports in your email within 30 minutes.
Step 7: Log in to your KoinX account.
Step 8: Click on the Integrations section in the navigation bar.
Step 9: Select the SunCrypto Exchange option.
Step 10: Upload your CSV files in the respective rows.
Step 11: Click the Submit button to complete the integration process.
Watch How To Generate Your SunCrypto Tax Report With KoinX
Join the many satisfied KoinX users who have streamlined their crypto tax reporting – watch our tutorial on generating your SunCrypto tax report now.
What to Do After Integration?
Once your data is fetched on KoinX, you can do the following things:
Review Transactions:
KoinX automatically identifies the type of each transaction—whether it’s a trade, income, or internal transfer. You don’t need to manually tag or edit anything. Just verify that the activities are correctly auto-classified to ensure that your final tax report is accurate and complete.
Verify Auto-Classification Activities:
KoinX automatically identifies and classifies your Binance transactions—including margin trades, rewards, and staking earnings. You don’t need to manually tag or edit anything. Just review the categorised entries to ensure that all transaction types have been handled correctly before proceeding to report generation.
Generate Tax Reports:
Once everything is verified, head to the “Tax Reports” section in your KoinX account. Select your financial year and download your region-specific tax report. KoinX supports over 100 countries, so the report will follow local tax rules, whether you’re filing in India, the US, or elsewhere.
File Your Crypto Taxes With Confidence:
With your SunCrypto tax report generated by KoinX, you’re ready to file with complete peace of mind. Submit the report via your local tax portal or forward it to your accountant. KoinX ensures your report is accurate, compliant, and audit-ready.
Common Errors and Troubleshooting
- Opening the CSV File Before Upload: Opening the CSV file before uploading it can unintentionally change its formatting. Always upload the original file directly from SunCrypto without making any changes.
- Editing the CSV File Before Upload: Avoid modifying column names or values in the CSV file. Editing the data can disrupt the import process and result in missing or misclassified transactions in KoinX.
- Incorrect Financial Year Selected: Make sure the exported file covers the financial year you are trying to report. Mismatched date ranges may lead to incomplete tax calculations.
- Incomplete Export File: Sometimes, partial exports may miss out on staking rewards or incoming transfers. Ensure you download the full transaction report from SunCrypto.
- Duplicate Uploads: If you upload the same file more than once, it could result in duplicate entries. Confirm that the data hasn’t already been imported before uploading again.
If issues persist, contact KoinX support or check our Help Center for assistance.
Need Help?
Having trouble connecting your Bitget account to KoinX?
- Visit our Help Centre
- Reach out to us on Twitter
- Email us at support@koinx.com
- Chat with us directly via live support from your dashboard
Frequently Asked Questions
Is SunCrypto Exchange Safe?
Yes, SunCrypto is considered safe for trading and storing digital assets. The platform follows strict KYC protocols and uses advanced security measures to protect user data and funds. It operates as a registered entity in India and provides TDS-compliant services, adding an extra layer of credibility. Regular audits and app security updates help maintain a secure trading environment for users.
Does SunCrypto Provide Tax Reports?
SunCrypto currently does not have a built-in tax reporting feature. However, investors can easily generate accurate tax reports for their SunCrypto transactions by integrating their accounts with KoinX, a comprehensive cryptocurrency tax management solution
What Information Is Included in the SunCrypto Tax Report?
The tax report includes details of your crypto transactions, such as trades, deposits, withdrawals, and any applicable TDS deductions. This comprehensive report aids in accurately reporting your crypto activities for tax purposes.
Does SunCrypto Deduct TDS on Crypto Transactions?
Yes, SunCrypto deducts Tax Deducted at Source (TDS) on applicable crypto transactions following the Income Tax Act, 1961. The deducted TDS is deposited with the government, and users receive TDS certificates based on their provided PAN details.
How Often Should I Generate My SunCrypto Tax Report?
It’s advisable to generate your tax report at the end of each financial year or before filing your tax returns. Regularly reviewing your transactions can also help in maintaining accurate records.
