Free Crypto Tax Filing Software in India

If you are a trader or investor in crypto, filing taxes can be a challenge for you. Finding a good crypto tax software can save you time and money. Moreover, it can also help you take the pain out of manually calculating crypto taxes. This guide reviews the Free Crypto Taxes Filing Software platforms for 2024.

Here is the list of free Free Crypto Tax Filing Software

(1) Koinly

Established in 2018, Koinly simplifies the management of crypto taxes. Functioning in numerous countries, the platform seamlessly integrates with more than 750 exchanges and wallets, allowing effortless importation of transactions. Through its software, Koinly automates the matching of wallet transfers and the calculation of gains/losses, thereby generating detailed tax reports, including IRS forms. Catering to both individuals and accountants significantly facilitates tax compliance. The team at Koinly, consisting of crypto investors, engineers, and visionaries, is committed to the goal of making crypto tracking and tax reporting more accessible.

Koinly makes crypto tax reporting easy, supports 750+ exchanges and wallets, and works globally for all users. Here is the summary of the Koinly pricing plan.”

Plan	Price per Tax Year	Transaction Limit	Features
Free	₹ 0	Up to 10,000	Basic features
Newbie	₹ 490	Up to 100	Unlimited wallets/exchanges, portfolio tracking, tax reports
Hodler	₹ 990	Up to 1,000	Plus more advanced features
Trader	Starts at ₹ 1790	More than 3,000	Includes even more support and features

(2) Catax

Catax is India’s pioneering platform focused on blockchain and crypto. It makes understanding crypto and blockchain easy. Also, it offers audit-ready data with 1800+ exchange integration. It helps traders, investors, and auditors with crypto taxes, making things smoother. Catax provides simple tax solutions for Bitcoin users, ensuring ease and clarity.

It is designed to manage the crypto verse complexities, ensuring you never need to depend on spreadsheets or manual calculations again, regardless of whether you’re recording profits or losses. Catax creates the most straightforward and dependable tax solution possible for all clients by fusing creativity, ingenuity, and profound understanding. Here is the summary of the CATAX pricing plan.

Plan	Price (INR/year)	Transactions	Crypto & Blockchain Support	Exchange Integrations	Customer Support	Tax Filing Assistance
Starter	Free	500	20	Upto 5	Email Support	No
Trader	₹ 1,999	Up to 10,000	40	Up to 15	Priority support, , priority support, expert review eligibility	Yes
Pro	₹ 4,999	Unlimited	80	Up to 30	Income tax notice handling, priority support, expert review eligibility	Yes

(3) KoinX

KoinX is an automated crypto taxation platform, launched in 2022. It is an Indian company that offers a seamless solution for managing crypto taxes and tracking portfolios. Boasting a massive capacity of over 150 million transactions and compatibility with 25,000+ crypto assets from 180+ wallets and exchanges, KoinX simplifies the otherwise daunting task. Effortlessly import transactions and preview your portfolio, while also easily generating detailed tax reports. The platform serves individual investors, tax pros, and companies, providing clear transaction data, TDS charts, and detailed tax reports.

With trusted industry leaders on board, KoinX aims to streamline crypto tax filing and ensure compliance with regulations. Here is the summary of the KoinX pricing plan.

Plan	Transactions	Price (INR/year)	Features
Newbie	Up to 10	₹115	Unlimited integrations, error reconciliation, detailed tax reports, priority email support, expert review eligibility
Hobbyist	Up to 25	₹315	Same as Newbie
Enthusiast	Up to 50	₹462	Same as Newbie
Hodler	Up to 100	₹832	Same as Newbie
Pro	Up to 200	₹1648	Same as Newbie
Titan	Up to 1000	₹2405	Same as Newbie
Whale	Up to 5000	₹3578	Same as Newbie

(4) Coinpanda

Coinpanda is a cutting-edge free program designed to simplify tax computations for NFTs and cryptocurrencies. Users can import transactions, benefit from tax breaks by selling coins at a loss, and download comprehensive tax returns for over 65 countries in less than 20 minutes. Coinpanda is the preferred tool for cryptocurrency aficionados, offering features tailored to support both DeFi and NFT transactions.

Coinpanda has over 80,000 satisfied users worldwide, which makes it easier to handle the difficult work of creating accurate tax returns for more than 800 exchanges and wallets. It allows you to manage your various cryptocurrency transactions with ease. Here is the summary of the Coinpanda pricing plan.

Plan	Price	Transactions	Features
Free	₹ 0	Up to 25	Unlimited exchanges, DeFi/NFTs, margin trading, tax reports, live chat
Hodler	₹ 4,069.34	Up to 100	Same as Free
Trader	₹ 8221.72	Up to 1,000	Same as Free
Pro	₹ 15696.02	3,000+	Same as Free + priority support
Custom	Quote	20,000+	Custom solutions for high volume

(5) Blockpit

Blockpit is a company that provides a comprehensive platform for tracking cryptocurrency investments and optimizing taxes. Additionally, it offers tools for free portfolio tracking and allows anonymous signups. The platform supports integrations for over 250,000 crypto assets across various blockchains, protocols, exchanges, and dApps.

Blockpit emphasizes secure connections for importing transaction data and supports a wide range of tax regulations, including those from the IRS, HMRC, and BMF, aiming to simplify the tax reporting process for crypto users while ensuring compliance and minimizing audit risks. Here is the summary of the Blockpit pricing plan.

Plan	Price	Transactions
Lite	$49	Up to 50
Basic	$109	Up to 1,000
Pro	$269	Up to 25,000
Unlimited	$639	Up to 500,000

(6) Cointracker

Established in 2017, CoinTracker stands as one of the early adopters in the cryptocurrency tax and portfolio space. It offers a variety of pricing plans tailored to meet diverse needs, ranging from complimentary basic tracking and reporting to advanced services designed for intricate tax scenarios and detailed portfolio management.

CoinTracker plans are designed to accommodate the number of transactions and the level of service required, with specific features and capabilities tailored to each tier. Here is the summary of the Blockpit pricing plan.

Plan	Price per Year	Transactions	Features
Free	$0	–	Tax summary, Portfolio value, Self-serve support
Base	$59	Up to 100	Tax reports (all years), TurboTax & H&R integrations, Portfolio tracking
Prime	$249	Up to 1,000	Base features + Performance tracking, Tax loss harvesting
Ultra	$599	Up to 10,000	Prime features + Tax lots breakdown, Change cost basis method, 24-hour support

How to Choose The Best Crypto Tax Calculator

Crypto tax calculators can be a valuable tool in simplifying this process, but with numerous options available, choosing the right one can be overwhelming. Here’s a quick guide to help you navigate the selection process:

• Transaction Volume: Consider how many crypto transactions you have (buys, sells, trades, etc.). High volume usually requires more powerful features.
• Trading Complexity: Do you engage in complex strategies like margin trading or staking? These factors might influence the level of calculation complexity.
• Tax Situation: Do you have other income sources or complex tax situations? Consider if the calculator can handle such complexities.
• Functionality: Compare features like automatic exchange integration, multi-year tax reports, and support for various cryptocurrencies and DeFi activities. Analyze which features are crucial for you.
• Ease of Use: Evaluate the user interface and how easily you can input data. Does it require manual data entry or integrate directly with your exchanges? Choose a calculator with a user-friendly interface that suits your comfort level.
• Cost: Compare pricing plans and assess if they align with your transaction volume and needs. Some offer free tiers for lower volumes, while others charge based on features and transactions.

After a deep and thorough analysis, we think catax is right now the best crypto tax calculator which has all the features you might need for a tax calculator. One thing that makes catax stand apart from the rest of the tools is that it provides real-time tax consultancy, handles income tax notices, and fights cases on your behalf. Remember, no other calculator provides tax consultancy from a qualified tax professional. If you have any complex tax situations, you can always consult catax.

Frequently Asked Questions (FAQs)