ClearTax, Zebpay partner to help investors deal with cryptocurrency taxation

BANGALORE, INDIA: The rise and fall of Bitcoin have fascinated the investor community. Although virtual currencies were well received by Indians initially, there continues to be confusion around it. Investors are unsure about how to pay tax on their gains and how to report them on their tax return.

Tax filing platform, ClearTax, has partnered with app-enabled bitcoin wallet Zebpay to help investors deal with cryptocurrency taxation.

The Cryptocurrency Advisory Plan will help investors and traders of bitcoin understand tax laws and reporting regarding taxation on trading and sale of cryptocurrency. Investors and potential investors can seek expert advice and be assured of best course of action.

In addition to the advisory plan, ClearTax has also launched CA-assisted tax filing services for those investors who have earned capital gains from the sale of bitcoins or other cryptocurrencies. The plan offers assistance at each step of the tax ladder, along with expert advisory for tax planning.

Archit Gupta, CEO and Founder of ClearTax said, “With our expert-assisted plans, created in partnership with ZebPay, we aim to clear the air around digital currencies and become top advisory in all matters crypto.”

Nischint Sanghavi, Head of Exchange, Zebpay said, “ClearTax will make taxation related to cryptocurrencies simpler for people so that they can plan their taxes in a better manner.”