New Delhi: An Indian crypto company, CoinDCX, has partnered with KoinX, a crypto taxation platform. The partnership aims to provide an infrastructure enabling users to file taxes. As a part of this collaboration, traders and investors on the CoinDCX platform will have access to KoinX’s crypto tax calculation and reporting.
According to the reports, users will gain access to tax calculation services, portfolio insights and tax reports in an interface by paying a nominal fee. Users of CoinDCX will reportedly be able to connect exchanges and wallets to the KoinX platform and track their tax computation on the CoinDCX exchange.
This new initiative will enable investors to track their crypto transactions, including DeFi investments and NFTs, and view their tax amounts. It’s believed that VDA-compliant tax reports for ITR filing can be downloaded by users. Additionally, the partnership aims to ensure that CoinDCX users stay informed about tax developments and requirements in the VDA industry through awareness and educational initiatives.
“Through this partnership, our goal is to offer CoinDCX’s users a crypto tax reporting solution compliant with Indian tax laws. We aim to empower crypto investors with the resources and information they need to file taxes and manage their portfolios,” Punit Agarwal, CEO, KoinX, said.
