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India, 28 July 2026: As tax filing deadline approaches, WazirX has launched Taxlyst, a free crypto tax reporting platform designed to simplify one of the most time-consuming aspects of crypto investing - calculating taxes accurately.
Preparing crypto tax reports manually can be challenging, particularly for investors who trade across multiple exchanges and execute multiple transactions throughout the year. Even a small calculation error or missing transaction can lead to incorrect reporting, making tax filing more stressful than it needs to be. With Taxlyst, WazirX aims to remove the operational burden of crypto tax calculations by offering a free, exchange-agnostic reporting platform that helps investors generate accurate, structured reports with significantly less 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 analyses trading activity and generates 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 and 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 requirements. These include 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, and a detailed Futures P&L report with realised gains, losses and trading fees.
Commenting on the launch, Nischal Shetty, Founder, 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."
BWA Chairperson Dilip Chenoy 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 organised alternative to manual calculations, regardless of where they trade.
