Crypto Taxes done in under 10 Minutes

KoinX is a global crypto tax and accounting platform trusted by over 1.5 million users across 100+ countries. It automatically imports transaction data from exchanges, wallets, and blockchains, calculates your tax liability, and generates compliance-ready reports. Plus, the platform supports individual investors, tax professionals, freelancers with crypto income, crypto F&O traders and even business crypto miners, with dedicated products for crypto tax filing, portfolio tracking, and accounting.

KoinX is certified under ISO 27001:2022 and SOC 2 Type II and is fully GDPR compliant, meaning your financial data is protected by enterprise-grade security standards. Moreover, the platform connects to your exchanges via read-only API access and does not store your private keys or execute trades on your behalf. So, your assets remain under your control at all times.

KoinX supports integrations with 800+ exchanges, wallets, and blockchains. Some prominent exchanges include Binance, WazirX, CoinSwitch, ZebPay, Mudrex, as well as international platforms like Binance and Bybit. You can connect accounts via API or CSV import, and all transactions are automatically consolidated into a single tax dashboard. KoinX also offers one step integration for a few of its partner exchanges such as CoinDCX, SunCrypto, and BitBNS.

KoinX generates a Complete Tax Report as per the Indian Income Tax Act, 1961. It includes a Schedule VDA transaction report, capital gains summary, crypto derivatives income summary, TDS summary, staking and airdrop income, and an asset-wise profit and loss breakdown. The report is ITR-ready and can be shared directly with your CA for filing.

KoinX supports four cost accounting methods for Indian users: FIFO (First In, First Out), LIFO (Last In, First Out), HIFO (Highest In, First Out), and Average Cost. You can select and switch between methods in your “Tax Settings.” The chosen method applies consistently across all transactions and is clearly disclosed in your generated tax report.

Yes. KoinX includes a dedicated TDS summary in its India tax reports. It captures and reconciles the 1% TDS deducted under Section 194S by Indian exchanges, such as CoinDCX, WazirX, and ZebPay. This summary helps you claim the correct TDS credit when filing your ITR, without having to manually reconcile your Form 26AS entries.

Yes. KoinX tax reports are designed to be CA-ready. Once generated, you can download the Complete Tax Report in PDF or Excel format and share it directly with your chartered accountant. The report includes transaction-level data, Schedule VDA entries, a TDS summary, and derivatives income, giving your CA everything required to file your ITR accurately.

Yes. KoinX offers dedicated Income Tax notice support for Indian users. If you receive a notice from the ITD related to your crypto transactions, KoinX connects you with expert CAs who specialise in crypto taxation. They review your transaction data, reconcile discrepancies in your AIS or Form 26AS, and help you draft a legally accurate response.

All crypto gains in India are taxed at a flat rate of 30% under Section 115BBH of the Income Tax Act, 1961, plus a 4% health and education cess. This applies regardless of how long you held the asset. No deductions are permitted except the original cost of acquisition.

No. Under Section 115BBH, crypto losses cannot be set off against profits from other crypto transactions or any other source of income. They also cannot be carried forward to future financial years. Even if a trade results in a loss, the “Income from VDA” for that transaction will be recorded as zero in your Schedule VDA filing.

Crypto futures and options income in India is classified as speculative business income, not as VDA capital gains. It is taxed at your applicable income tax slab rate, and brokerage fees and funding fees may be deductible as business expenses. The taxable amount is the difference between realised profits and realised losses across the financial year.

Yes. If your total tax liability exceeds INR 10,000 in a financial year, you are required to pay advance tax in four instalments, due on June 15, September 15, December 15, and March 15 the following year. This applies to crypto gains. Failure to pay advance tax on time attracts 1% interest under Sections 234B and 234C of the Income Tax Act.

There is no separate tax exemption or minimum threshold specifically for crypto income in India. Gains from selling, swapping, or spending crypto are taxed at a flat 30% from the first rupee of profit under Section 115BBH. The basic income tax exemption limit that applies to other income does not reduce or offset your crypto tax liability.

Failing to report crypto income can trigger a reassessment notice under Section 148, following the procedure laid out under Section 148A. The ITD can impose a penalty of 50% on under-reported income, under Section 270A. The rate can go up to 200% in cases of deliberate misreporting. If unreported crypto holdings are discovered during a search or audit, they are treated as undisclosed income under Chapter XIV-B and are subject to tax at a higher rate with no deductions permitted.