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Crypto tax filing platform TaxNodes has renewed its collaboration with India's leading cryptocurrency exchange platform after an immensely successful year of collaboration. WazirX's commitment to simplifying its users' complex tax filing experiences has been bolstered by TaxNodes’ expertise in providing precise and hassle-free ways to fulfill their tax obligations accurately.

The partnership has created several notable impacts:

Inclusive Participation: Indian cryptocurrency investors, hailing from diverse genders and geographic locations, have found immense value in this collaboration. Users added more than 50 different wallets. Most users belong to the age group of 25-40 with a ratio of 85:15 for men and women. This year, the collaboration could witness a 200% surge in user base due to growing popularity for simplified tax filing service as well as a growth in crypto user base.

Geographical Reach: The collaboration has extended its reach to encompass more than 1000 Indian cities, ensuring equitable access to managing tax responsibilities. The top cities with the highest users of this joint venture service are Mumbai, Patna, Lucknow, Indore, Jaipur, Hyderabad and Ahmedabad. This year, the traffic is  expected to be further boosted from cities like Bhubhneshwar, Pune, Gauhati, Nagpur, Chennai, Kolkata where user performance was impressive last year as well.

Efficient Time Management: On average, users reported saving a remarkable 7-8 hours in crypto tax computation and income tax return filing through the simplified interface provided. Users could effortlessly upload their transaction details and receive their Scheduled VDA tax reports in less than 30 minutes.

Educational Initiatives: TaxNodes and WazirX conducted a series of informative sessions and continued to publish educational blogs for ease of reference. These helped participants understand crypto taxation nuances.

Reflecting on this transformational partnership, Rajagopal Menon, VP at WazirX, emphasized, "Our partnership with TaxNodes is yet another endeavor to make crypto frictionless for the Indian user. The idea is to give the WazirX users the best tools while filing tax returns."

Avinash Shekhar, Founder - TaxNodes,  added, "We're delighted to extend our successful partnership with Wazirx for the second consecutive year. Last year's collaboration proved invaluable for Indian crypto users, simplifying their tax filing experience. This year, we aim to build on that success by offering even more comprehensive support for Wazirx users navigating their crypto taxes for the current assessment year. TaxNodes remains committed to empowering the Indian crypto community with the tools and expertise needed for efficient and compliant tax filing."

This partnership stands as a testament to WazirX and TaxNodes' dedication to serving the dynamic and evolving requirements of Indian crypto investors, promoting compliance, and ensuring financial empowerment.

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