Cleartax Forays Into Crypto Tax Segment
Cleartax, an India-based online tax filing platform, announced its entry into the crypto tax calculation and filing industry with its new product “CryptoTax” on Monday. To provide taxation services to investors, the site has linked with over 100 cryptocurrency exchanges, including Coinbase, CoinDCX, Binance, and WazirX, among others.
The combination of many exchanges will provide users with a unified view of all their investments across platforms.
Cleartax, according to the statement, would enable users to minimise crypto taxes by balancing losses and managing goods and services tax (GST) and TDS on bitcoin transactions. It will also provide ordinary investors with do-it-yourself (DIY) taxation management options.
(With inputs from Shikha Singh)
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