3Pay is a 100% FREE crypto tax calculator for India. It seamlessly integrates your existing cryptocurrency exchanges like WazirX, Zebpay & Vauld to calculate your taxes in seconds.
How to calculate your cryptocurrency taxes using 3Pay?
1. Download the 3Pay app and log in using your Gmail account.
2. Head over to WazirX, Zebpay, or Vauld to download your transaction history. (There are detailed guides provided to you in the 3Pay app to help you navigate through this process.)
3. Upload the transaction sheets on 3Pay and voila! Your crypto taxes are calculated within seconds.
You also get a detailed view of how much profit you made on each token and how much taxes do you owe to the government.
View your return on investment, your unified transaction history, and how much taxes do you owe to the government in accordance with the recent Indian tax laws. 3Pay supports over 2,500 cryptocurrencies across exchanges and makes your crypto tax calculations fun, easy and quick!
How does 3Pay calculate taxes?
3Pay calculates cryptocurrency taxes on your cost basis and capital gains with respect to different tokens. Now, you can save hours of work with 3Pay scanning through your transaction history and giving you a simple view of how much profits were made on each token and how much taxes you should pay- within 30 seconds.
What are the recent laws with respect to Taxation on Cryptocurrency – Budget 2022 in India and the highlights of it?
1. Income from the transfer of virtual digital assets such as crypto, and NFTs will be taxed at 30%.
2. No deduction, except the cost of acquisition, will be allowed while reporting income from the transfer of digital assets.
3. Loss from digital assets cannot be set off against any other income.
4. Gifting of digital assets will attract tax in the hands of the receiver. Losses incurred from one virtual digital currency cannot be set off against income from another digital currency.
In summary, the sale of crypto tax attracts a 30% Tax & 1% TDS. You don't have to worry about the TDS as it will be automatically deducted by the exchanges.
Use 3Pay to simplify your crypto taxation!
How to calculate your cryptocurrency taxes using 3Pay?
1. Download the 3Pay app and log in using your Gmail account.
2. Head over to WazirX, Zebpay, or Vauld to download your transaction history. (There are detailed guides provided to you in the 3Pay app to help you navigate through this process.)
3. Upload the transaction sheets on 3Pay and voila! Your crypto taxes are calculated within seconds.
You also get a detailed view of how much profit you made on each token and how much taxes do you owe to the government.
View your return on investment, your unified transaction history, and how much taxes do you owe to the government in accordance with the recent Indian tax laws. 3Pay supports over 2,500 cryptocurrencies across exchanges and makes your crypto tax calculations fun, easy and quick!
How does 3Pay calculate taxes?
3Pay calculates cryptocurrency taxes on your cost basis and capital gains with respect to different tokens. Now, you can save hours of work with 3Pay scanning through your transaction history and giving you a simple view of how much profits were made on each token and how much taxes you should pay- within 30 seconds.
What are the recent laws with respect to Taxation on Cryptocurrency – Budget 2022 in India and the highlights of it?
1. Income from the transfer of virtual digital assets such as crypto, and NFTs will be taxed at 30%.
2. No deduction, except the cost of acquisition, will be allowed while reporting income from the transfer of digital assets.
3. Loss from digital assets cannot be set off against any other income.
4. Gifting of digital assets will attract tax in the hands of the receiver. Losses incurred from one virtual digital currency cannot be set off against income from another digital currency.
In summary, the sale of crypto tax attracts a 30% Tax & 1% TDS. You don't have to worry about the TDS as it will be automatically deducted by the exchanges.
Use 3Pay to simplify your crypto taxation!
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