Overview
TaxNodes is a leading-edge platform based in Bengaluru, India, specializing in the computation of crypto taxes and the filing of income tax returns (ITR) with expert assistance. The company's mission involves simplifying tax processes for both individuals and businesses, with a strong focus on the emerging field of cryptocurrency taxation. By integrating cutting-edge technology with professional expertise, TaxNodes aims to provide seamless and efficient tax filing solutions.
Key Offerings
- Crypto Tax Calculation: Advanced systems are offered to streamline the calculation of crypto taxes.
- ITR Filing: Expert-assisted income tax return filing services are available.
- Tax Advisory Services: Comprehensive tax management solutions, including consultancy and addressing tax notices.
- Educational Resources: A blog hosting guides on crypto taxes and insights into international tax regimes.
Important Update
Operations have been paused for the current financial year, with plans to resume and expand offerings on April 1, 2025.
Executive Team
- Avinash Shekhar (Chief Executive Officer): Avinash, co-founder of TaxNodes, has previously held significant leadership roles at Zebpay, Airtel, Urban Ladder, and Forever 21. With over 25 years of experience and a Chartered Accountant credential, he contributes extensive financial and leadership expertise.
- Karthikeyan NG (Chief Technology Officer): With past leadership roles at Nference, Sequoia, and Chumbak, Karthikeyan drives product and technology development at TaxNodes, focusing on Blockchain and AI.
- Nayan Awasthi (Strategy & Business Ops): An IIT Roorkee alumnus, Nayan heads business strategy and operations, applying his strategic insights from prior positions.
- CA Shivna Majmudar (Finance): Armed with an IIM Ahmedabad academic background, Shivna oversees finance, ensuring sound financial management.
- Siddhartha Chatterjee (Engineering): An IIT Bhilai graduate, Siddhartha manages engineering solutions critical to TaxNodes’ technological infrastructure.
Advisory and Investment Backing
TaxNodes benefits from the support of notable figures in financial and blockchain sectors:
- Rahul Pagidipati: Chairman of Zebpay and Managing Partner at Ayon Capital.
- Nischal Shetty: Founder of WazirX & Crowdfire, investor, and advisor.
- Ashish Goel: Founder & CEO of Urban Ladder, investor.
- Sumit Gupta: Founder of CoinDCX, advisor.
Funding and Financial Data
The company secured $1.6 million in seed funding as of June 2023, with significant investment from Rahul Pagidipati, CEO of ZebPay. This funding aims to enhance tax computation processes and service offerings.
Security and Compliance
Stringent data protection standards are maintained, including AES 256-bit encryption, ensuring customer data remains secure and confidential, in alignment with industry-leading security practices.
Contact Information
- Corporate Address: 67, Kalpataru, 11th Main Rd, HSR Layout Sector 6, Bengaluru - 560087, India
- Customer Support: Available from 10 AM to 7 PM, Monday to Friday, at +91 9513434996
For further details, visit [TaxNodes Official Website](https://www.taxnodes.com/).
Competitor Profiling
Key Competitors
ZenLedger
Established in 2017, ZenLedger specializes in cryptocurrency tax management. Operating out of Chadds Ford, PA, ZenLedger supports more than 400 exchanges and 40 blockchains. The company recorded a significant 500% increase in customer and revenue YoY, having processed over $5 billion in cryptocurrency transactions. It recently raised $15 million in a Series B funding round.
TaxAct
Based in Cedar Rapids, Iowa, TaxAct provides comprehensive tax filing solutions for individual and business federal and state taxes. Since its inception in 1998, TaxAct has aided in over 90 million e-filed returns, highlighting its extensive reach in the tax software market.
TaxDown
Founded in 2019 in Madrid, TaxDown eases the tax filing process through online services, targeting both individuals and corporations. With a workforce of 51-200 employees, their technology-driven platform improves accuracy and user experience in tax filings.
Koinly
Headquartered in London, Koinly focuses on automating the tax reporting process for cryptocurrency transactions. Offering global services, Koinly allows integration with major blockchains and exchanges, catering to the needs of investors and accountants worldwide.
Market Position and Insights
TaxNodes is positioned to exploit the increasing demand for specialized crypto-taxation services. The company must remain agile and innovate to maintain competitiveness against established players like ZenLedger and TaxAct. Potential strategies include expanding blockchain and exchange integrations and learning from competitors’ strengths to further enhance its niche in the crypto-taxation sector.
