Taxdeck is an accounting and taxation service provider that primarily concentrates on tax compliance with a specialization in Crypto Taxation. They are well versed in cryptocurrency trading, mining and all other forms of crypto income.
Based in the Thane district of Maharashtra in India, Taxdeck focuses on small-scale businesses, startups and individuals. By working with Taxdeck you will be enabled to focus on your day-to-day operations, expansion plans, resource allocation and improvisation ideas. And you can be assured that the team at Taxdeck will be using the most accurate and transparent bookkeeping techniques feasible to deliver comprehensive services.
When it comes to crypto taxes it can be even more complicated and that’s where Taxdeck can help.
While India's crypto tax rules might seem pretty straightforward - it’s not always as simple as that. It’s true the Income Tax Department (ITD) applies a flat income tax to all gains and income from crypto, but complications can arise in the calculations.
Did you know there is no specific crypto tax in India? Instead, India taxes crypto in the same way as “Income from Other Sources”, in the same way as income from savings bank account interest, fixed deposits, or lottery winnings. Not to mention there are many instances where you may pay tax on crypto - which still need clarification from India's Finance Minister.
When it comes to crypto the problem is the manual work needed to prepare for tax lodgment. It can be particularly time-consuming for busy investors to track each taxable transaction manually and report any gains - and the ITD's penalties can be severe. That’s where a trusted tax advisor like Taxdeck can help. They can manage all of the complex calculations to ensure you achieve the best –compliant– tax outcome.
Taxdeck also keeps up to date with any changes and announcements made by the ITD, meaning you can be assured that you are receiving the very best, most up-to-date tax advice. While, at the same time, maximizing your returns and minimizing any penalties.