ZebPay is a global crypto exchange launched in 2014 that is particularly popular with crypto investors in India, trading more than a billion annually. The exchange offers more than 150 cryptocurrencies to buy, sell, and trade, as well as OTC and lending.
Whatever your ZebPay transactions, Koinly makes it easy to do your ZebPay taxes. Here's how it works:
In short, yes. ZebPay is a compliant crypto exchange operating in India, meaning it follows all the government guidance to legally operate there. As part of this, ZebPay deducts and deposits TDS to the ITD on behalf of users. The main reason TDS was introduced was to help the ITD track crypto investments for taxpayers in India. As well as this, the ITD may request that ZebPay share customer data to ensure tax compliance. You should always report your crypto investments accurately, as the penalties for tax evasion in India are steep.
The tax you'll pay on your ZebPay transactions in India all depends on the transactions you've made:
Learn more about how crypto is taxed in India.
For Indian investors, you'll report your ZebPay gains or income in your Income Tax Return. Any gains should be reported in Schedule VDA and any income from crypto should be reported in Schedule Income From Other Sources. You can do all of this online using the Income Tax Portal, but first, you'll need to calculate your gains and income from ZebPay investments.
To do this, you'll need to get details about each time you sold, swapped, or spent crypto including your cost base, transaction dates, transaction proceeds, and more, and then report each transaction in your Schedule VDA. As well as this, if you have income from crypto, you'll need to calculate the fair market value of that income in INR on the day you received it.
This is why most investors use a crypto tax calculator like Koinly. Koinly calculates all this for you and generates crypto tax reports that include all the information you need to easily file with the ITD. All you need to do is import your ZebPay transaction data to Koinly by uploading a CSV file of your transaction history.
Not in India? Koinly also supports many other countries around the world!
Make sure your ZebPay CSV files cover your entire transaction history on the exchange, so Koinly can identify your cost basis and calculate your gains and losses accurately.
If you're having any trouble at all connecting ZebPay and Koinly, these resources may help:
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You can download a TDS statement on ZebPay. If you're looking for a more comprehensive tax report, you'll need to use your ZebPay transaction history instead
The easiest way to get a ZebPay tax document is to export a CSV file of your ZebPay transaction history and upload it to an Indian crypto tax calculator like Koinly. Koinly can then calculate your gains, losses, and income for you and generate your crypto tax report, ready to help you file your ITR online or hand over to your accountant.
Yes. You can export a consolidated account statement from ZebPay under the statements section of your account.
Yes. ZebPay deducts TDS on behalf of users in India.