Catax

Catax

Block Chain Innovation Pvt Ltd
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About

Catax is India’s premier cryptocurrency tax software. It was designed with precision to demystify crypto taxes for investors, traders, and tax professionals. It offers a complete set of tools for automating the calculation of taxes owed on crypto transactions while adhering to the latest regulations. Catax's real-time tracking system, intuitive dashboard and seamless integration with major cryptocurrency exchanges ensure accuracy and ease of tax filing. Our platform is able to generate comprehensive reports, such as capital gains, Tax, profit, and loss statements. This makes it an indispensable tool for audit-proof record-keeping. Catax ensures accuracy in crypto tax calculations through a meticulous process that includes verifying each blockchain transaction, assessing historical prices for involved cryptocurrencies, and evaluating exchange data usage for precise calculations. It also flags any discrepancies in transaction records to alert users to areas needing attention.

About

CoinLedger (formerly CryptoTrader.Tax) takes away the pain of preparing your bitcoin and crypto taxes. Simply connect your exchanges, import trades, and download your tax report in minutes. Import your trades using the API import tool or upload your trade history file. CoinLedger integrates with all major exchanges to make this process quick and painless. Add your sources of cryptocurrency income from the tax year. CoinLedger calculates your gains from mining, staking, gifts, airdrops, and forks. CoinLedger calculates your tax liability using the same methods tax professionals use. Rest assured that you are paying the correct amount and minimizing your crypto tax liability. Download your completed IRS forms to file yourself, send to your accountant, or import into software like TurboTax and TaxAct. Partnered with the largest tax preparation platform to make it easy for you to E-File your crypto gains and losses with your full tax return.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Traders, investors, and tax professionals

Audience

Cryptocurrency investors or accountants looking for a tax solution

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

$10/Month
Free Version
Free Trial

Pricing

$49 per tax season
Free Version
Free Trial

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.8 / 5
design 4.6 / 5
support 4.4 / 5

Reviews/Ratings

Overall 4.9 / 5
ease 4.8 / 5
features 4.5 / 5
design 4.6 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • The thing I liked most is it gives very accurate reports in just few minutes. I connected my exchange data and it calculated everything properly. Also their team explained me how to reduce tax legally, which was very new thing for me. The support people are friendly and explain in simple words. I also liked the website because its simple, not complicated like others.
  • This is Rohit. I needed to file advance tax as I do trading for as my business I was very confused first I went to a CA in Mumbai and explained everything and he guided me to get a crypto tax report from a reputed software than he can file my advance tax but when I searched national and international crypto tax software none of them was providing a report for advance tax then I saw a reel of catax in Instagram and searched them and found they provide advance tax report as well. I am forever grateful to them One of the employees from Catax emailed me to provide feedback and just because they helped me I am writing one for them
  • I really love Catax, It has very fast and precise numerical calculation even to 18th decimal point for coins like Bitcoin and Ethereum. Catax offers you calculate for multiple exchanges for free and even reconciles the transfer between exchanges which provides you reduction in comparatively profit hence reducing the tax on it. Which usual tax calculator don't and shows extra profit (which you've not even earned) and increases a huge amount of tax
  • At the end of this financial year, I was searching for a good crypto tax calculator. There are so many fake calculators on the internet. Then, I found Catax. At first, I felt very hopeless, but when it calculated my taxes, I was very happy. Catax also provides free consultation, which I love the most. The people at Catax are very humble and sweet. Even though I am a beginner in paying and calculating taxes, they gave me instructions about filing taxes in India. I just recommend this software to everyone. Just use it once, and you will understand how good it is.
  • Catax has significantly eased the burden of crypto tax management for me. Its automated transaction tracking and detailed tax reports are a game-changer. I appreciate the real-time insights and tax optimization strategies, which have been instrumental in minimizing my tax liabilities. The user interface is exceptionally intuitive, making navigation and operation seamless even for those who are not tech-savvy. The inclusion of professional tax advice and support is an added benefit that I found extremely valuable, especially when dealing with complex transactions.

Cons

  • Sometimes the site becomes little slow when I upload big files with too many transactions. If they can make that part little faster it will be more better.
  • Marketing can be improved it was hard to find them.
  • As Catax is comparatively newer than other tax calculators, its not that famous and doesn't have much international exchanges support, but all Indian exchanges are available.
  • I think the people at Catax are very busy handling taxes, so they sometimes delay in consultations. Please consider acquiring more people for your team. Otherwise, I like it so much.
  • It's not anything which i didn't like in this software.

Pros & Cons from Real Users

Pros

  • I really liked how easy and how fast it was to import my transactions to CoinLedger. I imported transactions via API and via CVS file upload and both were very smooth. I also really liked their customer support. This was my first attempt to tackle crypto taxes, so I had a ton of questions and concerns which were answered quickly making the whole process much less stressful and allowing me to meet my extension deadline. I also really liked that you could view your gains/losses with each of the different accounting methods allowed. Made decisions on how to proceed very easy.
  • When I had some questions I simply wrote CoinLedger. Upon doing so I received quick replies with detailed help/instructions.
  • Crypto-tax is not easy but this service is super-helpful. And would have been very easy if all my exchanges were ones listed with CoinLedger. I made a mistake in my data entry and the support offered to trouble-shoot for me was prompt and second to none. I happily recommend.
  • -FANTASTIC customer service -Most exchanges supported -Very reasonable price -Easy API imports -Easy upgrades/cancellations
  • This firm produce superb support services for their clients, even though they are not 24 hours they do correspond promptly within a convenient timeframe. I am an emotive businessman so prioritizing customer service is a must for myself and CoinLedger fulfills that satisfaction.

Cons

  • The couple things I didn’t like I was told will be fixed in the app update Nov.2021, so really it becomes a moot point. I will mention them anyway though in order to give a fair and accurate review. I had crypto gifts, and I found it a little hard to figure out what the cost basis would be for the person receiving the gift. Not only did customer service offer me a work around, they also informed me that will be taken care of the the app update coming next month. The other thing that I was told will also be upgraded is the availability to connect Meta Mask and Dex’s.
  • There are no cons with which I am familiar with CoinLedger.
  • There was a pop up just before I finalised, saying tax wasn't due for this year (it was), which was (and still is) confusing. However, the support team quickly addressed my query on the matter and advised simply to proceed, which went smoothly.
  • -No Kraken margin trade support yet. There are some things I'd like to be able to adjust manually that I can't, but that seems to be a limitation on other comparable services as well
  • A mobile application should be considered for maximum utilization.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Block Chain Innovation Pvt Ltd
Founded: 2016
India
catax.app/

Company Information

CoinLedger
Founded: 2017
United States
coinledger.io

Alternatives

COYN

COYN

First Coin GmbH

Alternatives

CoinTracker

CoinTracker

CoinTracker.io

Categories

Categories

Crypto Tax Features

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

Crypto Tax Features

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

Integrations

Binance
Azbit
BTCBOX
BitoPro
Bybit
CoinEx
CoinSpot
Currency.com
Exodus
Ledger
Liquid
Lykke
MEXC
MakerDAO
MyEtherWallet (MEW)
OceanEx
bitbank

Integrations

Binance
Azbit
BTCBOX
BitoPro
Bybit
CoinEx
CoinSpot
Currency.com
Exodus
Ledger
Liquid
Lykke
MEXC
MakerDAO
MyEtherWallet (MEW)
OceanEx
bitbank
Claim Catax and update features and information
Claim Catax and update features and information
Claim CoinLedger and update features and information
Claim CoinLedger and update features and information