CoinDCX Collaborates With KoinX For Tax Facilities
CoinDCX, an Indian cryptocurrency exchange, has teamed with KoinX, a cryptocurrency taxation platform, to provide an infrastructure that allows customers to file their taxes. As part of this collaboration, CoinDCX investors and traders will have access to KoinX’s crypto tax calculation and reporting.
Customers will be able to obtain tax reports, tax calculation services, and portfolio insights in an interface for a small price, according to an official announcement.
According to reports, CoinDCX customers will be able to not only track their tax computation on the CoinDCX exchange, but also connect exchanges and wallets to the KoinX platform.
According to what is known, this endeavour will allow investors to follow their crypto transactions, including NFTs and DeFi investments, as well as view their tax amount. Users are expected to be able to download VDA-compliant tax reports for ITR filing. Furthermore, the alliance seeks to keep CoinDCX users up to date on tax changes and needs in the VDA market through awareness and instructional campaigns.
(With inputs from Shikha Singh)
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