How To Do Your WazirX Taxes With Koinly

Connect WazirX with Koinly to calculate your crypto tax

Part of the Binance group, WazirX is one of India's largest crypto exchanges, established in 2018. The platform has attracted more than 6 million users, trading billions a month with more than 200 cryptocurrencies available. Whatever your investments, Koinly can help you calculate your WazirX taxes.

How are WazirX transactions taxed?

Two taxes apply may apply to your WazirX transactions:

• 1% TDS (Tax Deducted at Source): For crypto transactions that exceed more than 50,000 in a year.
• 30% tax: Any profits, whether that's gains from selling or swapping crypto, or income from crypto mining, are subject to a 30% flat tax.

Want to learn more about how crypto is taxed? Read our India Crypto Tax Guide.

Does WazirX provide tax documents?

No, WazirX does not provide tax documents. You can however find details of any TDS paid on the order details page, or in your Trading Report. As for the rest of your crypto taxes, you'll need to get your WazirX transaction history and either calculate your profits yourself, or use a crypto tax calculator to do it for you.

How to get your WazirX tax report with Koinly

WazirX and Koinly pair perfectly to help you get your crypto taxes calculated and filed with the Income Tax Department (ITD) in no time at all. Just connect WazirX to Koinly via API to automatically fetch your transaction history, or download a CSV file of your WazirX transaction history and upload it to Koinly.

Once connected, Koinly becomes the ultimate WazirX tax tool. How? Koinly will calculate your WazirX taxes based on your location and generate your crypto tax report, all within 20 minutes. All you’ll need to do at tax time is download the crypto tax report you need from Koinly and use it to file your tax return with the ITD.

How to connect WazirX to Koinly via API

On WazirX

1. Log in to WazirX.
2. In the top right corner, select the profile icon.
3. From the drop down menu, select account settings.
4. From the menu on the left, select API key manager.
5. Select create new key.
6. Give your API key a name, for example, Koinly.
7. Complete two-factor verification.
8. Go to your email to get your OTP.
9. Select continue.
10. Copy your API key and secret.

On Koinly

1. Sign up or log in to your Koinly account and go to the Wallets page.
2. Select add new wallet: WazirX.
3. Select set up auto-sync.
4. Paste the API key and API secret into Koinly.
5. Select secure import.

How to connect WazirX to Koinly via CSV

On WazirX

1. Log in to WazirX.
2. In the top right corner, select the profile icon.
3. From the drop down menu, select account settings.
4. From the menu on the left, select download reports.
5. Under trading report, pick a date range (maximum 12 months).
6. Under "the report will include:", check all boxes.
7. Select request trading report.
8. Your CSV file will be sent to your email address, so head over to your email and download your CSV file when it arrives.

On Koinly

1. Sign up or log in to your Koinly account and go to the wallets page.
2. Select add new wallet: WazirX.
3. Select import from file.
4. Upload your CSV file(s).

Does WazirX report to the ITD?

Yes. WazirX, like all other Indian crypto exchanges, is legally required to report TDS to the ITD. The ITD may also request crypto exchanges operating in India to share customer data to ensure tax compliance.

How do I check if my WazirX import is accurate?

If you're having trouble connecting WazirX and Koinly, these resources may help:

• Try our help center for user guides.
• Search the FAQs in our discussion boards.
• Ask us - we’re on Twitter and Reddit.
• No luck? Contact us.

It's really helpful to use our Getting Started Guide before reviewing your transactions. This can help you identify and resolve any issues in no time at all.