About 2 crore Indians are at present invested in cryptocurrencies.
With the announcement of 30 per cent taxes on digital property, Indian buyers are curious to seek out methods to guage their taxes seamlessly and cohesively
Crypto taxation platform KoinX has introduced the launch of a brand new crypto tax calculator widget, which goals to simplify tax for cryptocurrency transactions. Cryptocurrency buying and selling, together with Bitcoin, Ether andMatic, has develop into more and more fashionable in recent times, and in consequence, tax authorities around the globe are carefully scrutinising crypto merchants. With the launch of the brand new tax calculator widget, KoinX goals to make tax submitting simpler and extra environment friendly for its clients.
“About 2 crore Indians are at present invested in cryptocurrencies, and Indians maintain over $5.3 billion price of currencies. With the announcement of 30 per cent taxes on digital property, Indian buyers are curious to seek out methods to guage their taxes seamlessly and cohesively; a platform like KoinX is helpful for simplifying crypto taxation,” KoinX said in a statement.
It added that this crypto tax calculator widget will benefit exchanges and crypto projects by providing them with a value-added service that can increase user engagement and loyalty. Users will benefit from having a tool that simplifies tax for cryptocurrency transactions.
Accounting and tax preparation services that integrate the tax calculator widget can also be beneficial by offering their clients a tool that simplifies the tax process for cryptocurrency transactions.
Punit Agarwal, founder of KoinX, said, “We understand that tax filing can be a challenging and time-consuming process for cryptocurrency traders. With our new tax calculator widget, we hope to simplify the process and help our customers file their taxes with ease and accuracy. Our innovative tool is designed to educate and make users on exchanges, crypto projects, news websites, and accounting and tax preparation services aware. We believe that this value-added service will increase user engagement and loyalty and contribute to the legitimacy of the cryptocurrency industry.”
By simplifying the crypto taxes for exchanges, crypto tasks, and information web sites, the model can enhance consumer engagement and retention, improve credibility, and appeal to new readers curious about cryptocurrency taxes.
The new tax calculator widget is now reside and free for all KoinX customers.
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