As the tax filing deadline approaches, WazirX has unveiled Taxlyst, a free crypto tax reporting platform designed to streamline one of the most challenging aspects of cryptocurrency investing: accurate tax calculation.
Manually preparing crypto tax reports can be daunting, especially for investors who trade across multiple exchanges and execute numerous transactions throughout the year. Even a minor calculation error or a missed transaction can lead to incorrect reporting, adding unnecessary stress to the tax filing process. With Taxlyst, WazirX aims to eliminate the operational burden of crypto tax calculations by offering a free, exchange-agnostic platform that helps investors generate accurate, structured reports with minimal effort.
Users simply download their transaction history from their exchange, upload the file to Taxlyst, enter basic details, and generate a comprehensive tax report within minutes.
The platform automatically analyzes trading activity and produces a detailed tax dashboard that includes:
- VDA gains and losses
- Estimated tax liability on reported VDA income
- Futures profit and loss
- Exchange-wise transaction summaries
- Schedule VDA-ready reports
For spot transactions, Taxlyst applies the FIFO (First In, First Out) methodology to match acquisitions with subsequent disposals, helping users prepare calculations aligned with India’s crypto tax reporting requirements.
Beyond the summary dashboard, Taxlyst enables users to download multiple reports based on their filing needs, including:
- A comprehensive PDF tax report
- A Schedule VDA CSV formatted for Indian Income Tax Return filings
- A complete transaction history containing trading pairs, prices, fees, and TDS deductions
- A USDT-INR conversion rate report used during calculations
- A detailed Futures P&L report with realized gains, losses, and trading fees
Commenting on the launch, Nischal Shetty, Founder of WazirX, said: “Many investors still spend hours manually reconciling trades across different exchanges, and even small calculation mistakes can create unnecessary stress during tax filing. We built Taxlyst to simplify this entire process. Whether someone trades on WazirX or elsewhere, they should be able to upload their transaction history and receive a structured, tax-ready report within minutes.”
Dilip Chenoy, Chairperson of the Bharat Web3 Association (BWA), added: “As digital assets become a part of more investment portfolios, tax compliance is becoming equally important. Investors should maintain accurate records of their transactions and ensure they file complete and correct tax returns. Simplifying the reporting process can go a long way in encouraging voluntary compliance and strengthening confidence in India’s digital asset ecosystem.”
For Indian crypto investors preparing to file taxes this year, Taxlyst offers a faster, simpler, and more organized alternative to manual calculations, regardless of where they trade.
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