Crypto taxes, accounting & compliance made calm. $200B+ processed across 600M+ transactions Clear reporting. Confident decisions.
Joined April 2018
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ITR-2 filing is officially LIVE! 🚨
If you traded crypto this year, your transaction history matters now.
From profits and losses to TDS deductions; this is the time to start tracking everything properly before filing season gets hectic.
Track, calculate, and organise your crypto taxes seamlessly with KoinX.
🔗 ITR-2 Utility: incometax.gov.in/iec/foporta…
🔗 Calculate your crypto taxes — Link in Bio!
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Bought crypto at different prices? The order you bought it in matters when you sell. 👀
That’s where FIFO comes in.
📌 FIFO stands for First In, First Out. It treats the crypto you bought first as the crypto you sell first.
Why does that matter? Your purchase price determines your cost basis, which affects the gain you report when you sell.
And when you’re juggling multiple buys across months, keeping track of it manually can get messy.
👉 KoinX helps match your crypto sales with the right purchase records, so calculating your gains is easier. Link in bio.
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KoinX retweeted
Trade crypto futures? Filing ITR-2 could be a mistake. 👀
ITR-3 may apply if you have business income, including income from crypto futures trading.
⚠️ But business income doesn’t automatically mean you can deduct every trading expense. Crypto tax rules have specific restrictions, and mixing up spot and futures transactions can lead to reporting errors.
Incorrect turnover, incomplete P&L details or the wrong ITR form can also create compliance issues.
👉 Want to keep your spot and futures records separate? Connect your exchanges on KoinX and get your crypto tax report ready.
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Trade crypto futures? Filing ITR-2 could be a mistake. 👀
ITR-3 may apply if you have business income, including income from crypto futures trading.
⚠️ But business income doesn’t automatically mean you can deduct every trading expense. Crypto tax rules have specific restrictions, and mixing up spot and futures transactions can lead to reporting errors.
Incorrect turnover, incomplete P&L details or the wrong ITR form can also create compliance issues.
👉 Want to keep your spot and futures records separate? Connect your exchanges on KoinX and get your crypto tax report ready.
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KoinX retweeted
Filed your crypto ITR? Make sure you’ve got the form and details right. 👀
📌 ITR-2 is generally for crypto investors and spot traders without business income. Crypto gains are reported under Schedule VDA.
⚠️ Missed trades, incorrect cost details, unclaimed TDS or filing the wrong ITR form could lead to tax mismatches or a defective return notice.
The good news? Many filing errors can be corrected by submitting a revised return within the applicable deadline.
👉 What if you made a mistake in ITR-3? Follow KoinX for Part 2.
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Filed your crypto ITR? Make sure you’ve got the form and details right. 👀
📌 ITR-2 is generally for crypto investors and spot traders without business income. Crypto gains are reported under Schedule VDA.
⚠️ Missed trades, incorrect cost details, unclaimed TDS or filing the wrong ITR form could lead to tax mismatches or a defective return notice.
The good news? Many filing errors can be corrected by submitting a revised return within the applicable deadline.
👉 What if you made a mistake in ITR-3? Follow KoinX for Part 2.
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Your crypto exchange shows ₹40,000 profit. But what if your taxable gain is actually ₹70,000? 👀
Your exchange P&L and your crypto tax calculation aren't always the same.
Here's why Indian crypto traders need to understand the difference. 👇
Moved crypto from another exchange or wallet? Your current exchange may not know your original purchase cost.
And there's more: → Gas and transfer fees may not qualify as deductions. → 1% TDS is tax credit, not an expense. → Spending USDT to buy BTC can itself trigger a taxable transfer of USDT.
Your exchange P&L may miss important tax details.
Your app tracks portfolio performance. Your tax return needs transaction-level calculations in INR.
KoinX helps consolidate exchange and wallet activity, calculate crypto gains and prepare tax reports for Schedule VDA.
👉 Stop guessing your crypto taxes. Get started with KoinX — link in bio.
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KoinX retweeted
A crypto tax notice can arrive years after you made the trade. Will you still have the records to prove your numbers?
Exchange statements, deposits, withdrawals, fee history, acquisition prices, TDS records and wallet transactions. Losing access to even one piece of data can make tax filing and reconciliation harder than it needs to be.
This video covers the records every Indian crypto investor should download and save before they’re needed.
🔗 Connect your exchanges and wallets on KoinX to bring your transaction data together and get your crypto tax report ready. Link in bio.
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You lost the trade. Don't lose the TDS too.
If 1% TDS was deducted when your crypto was sold, check your AIS and claim eligible credit in your ITR.
You may be eligible for a refund of excess TDS.
Liquidations. Fees. TDS. Keep it all organised.
Spot margin and Futures can have different tax implications, so don't treat them as identical.
👉 Track your crypto transactions and simplify tax reporting with KoinX. ( Link in bio )
#CryptoTaxIndia #CryptoIndia #KoinX
A crypto tax notice can arrive years after you made the trade. Will you still have the records to prove your numbers?
Exchange statements, deposits, withdrawals, fee history, acquisition prices, TDS records and wallet transactions. Losing access to even one piece of data can make tax filing and reconciliation harder than it needs to be.
This video covers the records every Indian crypto investor should download and save before they’re needed.
🔗 Connect your exchanges and wallets on KoinX to bring your transaction data together and get your crypto tax report ready. Link in bio.
#CryptoTax #CryptoIndia #CryptoRecords #KoinX
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KoinX retweeted
Crypto losses don’t automatically reduce your tax bill
Under Section 115BBH, crypto losses cannot be set off against crypto profits. So even if you make ₹12 lakh in profit and lose ₹2 lakh on other trades, your tax is calculated on the full ₹12 lakh. This video explains what happens to your losses, how to claim eligible TDS refunds, and why reporting every trade in Schedule VDA matters.
🔗 Import your transactions on KoinX and get your crypto tax report ready. Link in bio.
#CryptoTax #CryptoIndia #CryptoLoss #KoinX
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Crypto losses don’t automatically reduce your tax bill
Under Section 115BBH, crypto losses cannot be set off against crypto profits. So even if you make ₹12 lakh in profit and lose ₹2 lakh on other trades, your tax is calculated on the full ₹12 lakh. This video explains what happens to your losses, how to claim eligible TDS refunds, and why reporting every trade in Schedule VDA matters.
🔗 Import your transactions on KoinX and get your crypto tax report ready. Link in bio.
#CryptoTax #CryptoIndia #CryptoLoss #KoinX
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KoinX retweeted
When you made 100 crypto trades but tracked exactly zero and now you're trying to figure out your taxes.💀
Your trades deserve better records. 📊
🔗 Calculate your crypto taxes: Link in Bio!
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