India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal

India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal

ByNews Polite

The Income Tax Department of India is issuing alerts around high-value crypto transactions. The matter came to light earlier this week when Punit Agarwal observed a rise in income tax-related queries tied to crypto transactions from the income tax department. Agarwal is the founder of KoinX, a firm that provides…

WazirX Ties Up With Singapore’s TaxNodes to Simplify Crypto Tax Computations, Filings: Details

WazirX Ties Up With Singapore’s TaxNodes to Simplify Crypto Tax Computations, Filings: Details

ByNews Polite

WazirX, the Indian crypto exchange, announced its partnership with Singapore-based TaxNodes on Tuesday, May 2. The aim of this partnership is to allow WazirX users to compute their crypto taxes in India and file their taxes on a timely basis. The move is intended to simplify the understanding for investors…

Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO

Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO

ByNews Polite

In India, using cryptocurrencies as a mode of payments in day-to-day retail purchases, has not quite picked up pace as compared to other nations like the US. It is however, noteworthy, that some business owners here, have begun experimenting with crypto payments and contribute substantially to the number of transactions…