“Many investors spend hours manually reconciling trades, and even small errors cause stress during tax filing,” said WazirX founder Nischal Shetty. That’s why the Indian crypto exchange launched Taxlyst, a free tool designed to simplify tax reporting. Users can upload transaction data from any crypto exchange, and Taxlyst automatically calculates gains, losses, and tax liability, then generates a detailed, ready-to-file report within minutes.
As the July 31, 2026 deadline for India's Income Tax Return submission approaches, many crypto investors find the process daunting because tracking numerous transactions and calculating accurate gains manually can be overwhelming. Taxlyst tackles this by offering automated calculations compatible with Schedule VDA, the section covering digital asset income, eliminating complex manual reconciliations for traders regardless of where they operate.
Despite rumors about an extension to the ITR filing deadline, no official confirmation has been made by the Central Board of Direct Taxes so far. WazirX encourages users not to delay, noting that past deadline extensions were tied to technical issues with the tax portal, which have not been publicly reported this year. The launch of Taxlyst comes as a timely solution to help Indian crypto investors meet their tax obligations on time and avoid last-minute complications.
This move by WazirX reflects growing efforts to streamline crypto taxation in India, where evolving regulations and increasing transaction volumes make compliance more complex. Tools like Taxlyst will likely become indispensable as the market matures and tax scrutiny intensifies.
This content is for informational purposes only and is not financial advice.
