ZebPay, the oldest and most reliable crypto asset exchange in India, has announced a partnership with TaxNodes, a platform for filing income tax returns with expert assistance, to make the process of filing taxes for virtual digital assets easier in India.
This collaboration will enable TaxNodes to assist ZebPay’s large user base in accurately calculating their taxes and staying compliant with the latest tax-related regulations in the virtual digital asset industry, as per reported by apnnews.
Rahul Pagidipati, CEO, ZebPay, said, “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, the 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.”
The collaboration aims to reduce misunderstandings and minimize the possibility of tax calculation errors. TaxNodes’ end-to-end solutions will also help users gain a better understanding of the taxes levied on their investments, simplifying the taxation process for every crypto investor in the country.
India’s positive attitude towards the crypto market, coupled with the introduction of new taxation infrastructure, has positioned the country to become a significant player in the global crypto market. The collaboration between ZebPay and TaxNodes will aid in spreading awareness about the current and evolving regulations regarding virtual digital assets. ZebPay users will not only receive expert assistance in filing their taxes, but they will also receive personalized advisory services from TaxNodes, which will help them understand the tax consequences of their digital asset investments. Moreover, ZebPay users will have the opportunity to take advantage of discounted services through an exclusive offer.
Avinash Shekhar, Founder & CEO, TaxNodes said, “Our relationship with ZebPay goes a long way back and this partnership is a new chapter in that journey. We are excited to offer our end-to-end solutions to ZebPay’s customers and are confident that they will see value in our seamless tax computation process. We aim to help investors calculate, evaluate, and file their crypto taxes accurately while providing them with expert advice and personalized services to trade crypto without worrying about the intricacies of tax filing.”