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 Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Traders, investors, and tax professionals

Audience

Cryptocurrency investors or accountants looking for a tax solution

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Not Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

$10/Month
Free Version Supported
Free Trial Supported

Pricing

$49 per tax season
Free Version Not Supported
Free Trial Not Supported

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 Not Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

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

Crypto Accounting Supported
Crypto Tax Supported

Categories

Crypto Tax Features

Automated Data Import Supported
Exchange Integration Supported
Export Transactions Not Supported
Historical Prices Supported
Income Overview Supported
Margin & Futures Support Not Supported
Profit & Loss / Cap Gains Supported
Staking / Lending / DeFi Support Not Supported
Tax Form Generation Supported
Tax Loss Harvesting Supported
Wallet Integration Supported

Crypto Tax Features

Automated Data Import Supported
Exchange Integration Supported
Export Transactions Supported
Historical Prices Supported
Income Overview Supported
Margin & Futures Support Not Supported
Profit & Loss / Cap Gains Supported
Staking / Lending / DeFi Support Supported
Tax Form Generation Supported
Tax Loss Harvesting Supported
Wallet Integration Supported

Integrations

Binance Supported
Bilaxy Not Supported
BtcTurk Not Supported
Catex Not Supported
Changelly Not Supported
Circle Not Supported
CoinTiger Not Supported
Coinbase Not Supported
Delta Exchange Not Supported
Dex-Trade Not Supported
IDEX Not Supported
Luno Not Supported
Lykke Not Supported
MEXC Not Supported
SpectroCoin Not Supported
Tokenlon Not Supported
Upbit Not Supported
itBit Not Supported

Integrations

Binance Supported
Bilaxy Supported
BtcTurk Supported
Catex Supported
Changelly Supported
Circle Supported
CoinTiger Supported
Coinbase Supported
Delta Exchange Supported
Dex-Trade Supported
IDEX Supported
Luno Supported
Lykke Supported
MEXC Supported
SpectroCoin Supported
Tokenlon Supported
Upbit Supported
itBit Supported
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