Taxation

Among the countries considered to be hotbeds for startups, India consistently makes the top ten; much of it has to do with the policy-making and cultural shifts the country has gone through to advertise itself as startup-friendly.

Though initially disappointed with the government on imposition of high tax on income on virtual digital assets, the crypto industry is seen to be coming to terms with it and is partnering with various tax platforms in order to improve crypto tax compliance in the country.

The partnership between ClearTax and KoinX will greatly enhance the efficiency of report filing and facilitate the navigation of complex crypto tax calculations for users

KoinX will be providing its comprehensive tax reports, automated crypto tax calculation and portfolio insights to CoinDCX's users at a nominal fee