This help page provides a comprehensive guide for users getting started with cryptact in India.
Contents:
1. How to subscribe
You can subscribe from the "Select your plan" page. We currently accept payments via credit card and cryptocurrency. Please note that bank transfers are not supported at this time.
Click here to sign up for free and start using cryptact today!
Once you sign up, our help guide will walk you through how to use cryptact.
How to use cryptact - README first!
2. How to use cryptact
cryptact supports major Indian exchanges such as CoinDCX, CoinSwitch, WazirX, Mudrex, Zebpay, and Bitbns, including global platforms like Binance, Coinbase, and Kucoin. To import your trade history, simply upload files from supported exchanges or integrate API sync. You can check whether cryptact supports each exchange via API sync or file upload on this page.
For DeFi transactions, adding your wallet address in cryptact's supported network will enable automatic transaction synchronization. Classified transactions are processed for gain/loss calculation, while unclassified (To classify) or non-DeFi transactions are marked as "To classify", requiring manual review.
DeFi：User Guide for cryptact’s DeFi Feature
For transaction history from unsupported exchanges or records not included in the uploaded file, you can use a custom file to import the data. Refer to this guide for instructions on how to format a custom file.
Custom File for any other trades
3. Reporting currencies
When signing up from India, the default reporting currency is set to Indian Rupee and cannot be changed. You can check your reporting currency via the ledger settings.
4. Cost basis method
cryptact supports FIFO and Average Cost Basis (ACB) method for Indian tax calculations.
For further details, please refer to below help page.
5. Important notes for use
Our service determines tax calculations for various transaction types based on the income tax act of India guidelines.
Please ensure that you review and understand the details of gain/loss and income calculations provided on the help page below before using the service. Your use of the service indicates your acknowledgment and acceptance of these terms.
PNL calculation for each transaction type
DeFi: PNL calculation for each transaction type
6. Downloading tax reports
Users can download tax reports for filing. For more details, please refer to below help page.
Overview of cryptact tax reports
Also the below help page introduces some useful blog articles when tax filing crypto.
For more information on features or if you have any questions, please visit our help center.
7. For Existing India Exclusive Plan Users
What Happens When Your India Exclusive Plan Expires?
Once your India Exclusive Plan expires, your account will automatically transition to the Free plan. On the Free plan, you can continue to view your transaction history, but you will not be able to download tax reports.
⚠ Important: If you do not subscribe to a paid plan within 30 days of your India Exclusive Plan's expiration, your transaction history will be permanently removed from our systems and cannot be restored. If you wish to retain your data, please consider subscribing to a paid plan before the grace period ends.
Choosing the Right Plan
When subscribing to a paid plan, cryptact will automatically display the most suitable plan based on the year with the highest number of transactions across all your tax years. Simply follow the on-screen recommendation to select the plan that fits your needs.
Useful Links
How to subscribe to a paid plan:
https://support.cryptact.com/hc/en-us/articles/8206680567193
How to check your plan's expiration date:
https://support.cryptact.com/hc/en-us/articles/360051581731