Zebpay: ZebPay partners TaxNodes, aims to help users understand crypto taxation – Times of India
Crypto exchange ZebPay has announced partnership with TaxNodes, an ITR filing platform that claims to simplify tax filing for virtual digital assets in the country. With this association, TaxNodes will provide assistance to ZebPay’s user community to help ensure tax calculations and compliance. This aim is to keep them updated with the latest tax-related developments in the virtual digital asset industry.
In 2022, the Indian government implemented a tax on investments in virtual digital assets, whereby any income gained from the transfer of such assets is now subject to 30% tax and 1% TDS. Through this partnership, ZebPay users can calculate, evaluate, and file their crypto taxes. TaxNodes’ end-to-end solutions will help users get clarity on the taxes levied on their investment.
Apart from expert assistance on tax filing, ZebPay users will also receive personalised advisory services from TaxNodes, helping them to better understand the tax implications of their digital asset investments.
“At ZebPay, we are committed to creating a regulatory-compliant ecosystem that fosters the mainstream adoption of crypto in India. This partnership is a significant step towards achieving that goal and enabling greater collaboration between stakeholders in the crypto ecosystem. With 30% taxation and 1% TDS, calculation of taxation on crypto has become a complex process. Our partnership with TaxNodes will not only simplify the tax filing process for virtual digital assets and offer clarity to our users, but also offer personalized tax advisory services to our users at their fingertips,” said Rahul Pagidipati, CEO, ZebPay.
In 2022, the Indian government implemented a tax on investments in virtual digital assets, whereby any income gained from the transfer of such assets is now subject to 30% tax and 1% TDS. Through this partnership, ZebPay users can calculate, evaluate, and file their crypto taxes. TaxNodes’ end-to-end solutions will help users get clarity on the taxes levied on their investment.
Apart from expert assistance on tax filing, ZebPay users will also receive personalised advisory services from TaxNodes, helping them to better understand the tax implications of their digital asset investments.
“At ZebPay, we are committed to creating a regulatory-compliant ecosystem that fosters the mainstream adoption of crypto in India. This partnership is a significant step towards achieving that goal and enabling greater collaboration between stakeholders in the crypto ecosystem. With 30% taxation and 1% TDS, calculation of taxation on crypto has become a complex process. Our partnership with TaxNodes will not only simplify the tax filing process for virtual digital assets and offer clarity to our users, but also offer personalized tax advisory services to our users at their fingertips,” said Rahul Pagidipati, CEO, ZebPay.
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