Calculate Crypto Gains from different exchanges for Income Tax Return Filing in India using Profit / Loss statement or Crypto Ledger Template. Auto Fetch Forex Rates, Auto FIFO matching Sales & Purchases, accepts data from Crypto Ledger or Profit and Loss Statements. Updated per latest Budget 2023
EZTax.in auto converts the Crypto token from 'USD', 'GBP', 'EURO', 'YEN' to 'INR' or from other major stablecoins like 'USDT' / 'USDC' and apply FIFO.
If you know your gains / losses summary information, Refer Crypto Tax Calculator
* You may RE-UPLOAD the Crypto transactions if necessary. When you re-upload the excel, the system will remove the existing crypto data and re-add the new data from Excel.
Pay attention to EXCHANGE RATES to INR. USD and USDT / USDC /.. to INR are different. EZTax uses the publicly available Forex Rates. In case regular currencies like USD, we use data from RBI.
PURCHASE VALUE would be considered as Zero for Transfer-In / Gift-In. Transfers across exchanges will be treated as different transactions similar to how the trading would happen across stock exchanges.
SCOPE: Sales, Gifts, Air Drops from both domestic and international exchanges. Transfers, expenses like gas charges, brokerage and any other expenses would not be considered per Indian IT rules.
DATA: Tax is assessed based on sale / gift-out, transfer-out activities, hence if no such event found in the data, the calculator ignore the rest of the data.
If no sales of NFT/VDAs during the FY, there is no impact on your taxes.
Your ledger data auto mapped to the purchases you made. Exchange rate (Fx Rate) applied where applicable / required, you may check the Fx Rates applied @ the last two columns. Check to make sure before saving data.
|Exchange||Exchange Type||Description of VDA||Sale Quantity||Sale Date||Sale Rate||Sale Value *||Purchase Value *||Gift Received Value at Sale||Gain / Loss Amount||Income Tax||Error Message|
* mandatory data # given for reference when using Ledger template.
GST Accounting Software Price: Free for 30 days in India refer pricing for other countries such as India, Australia, Malaysia, Nepal, Pakistan, Singapore, Sri Lanka, & UK
Easiest GST ready Accounting software