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Govt weighs set-off of fiscal's crypto loss against profits
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The government will explore permitting a limited set-off of one year's losses from cryptocurrency trade against profits made in the same financial year.
Such set-offs are allowed in listed and unlisted stock transactions, with the law even allowing carrying forward of the loss by four to eight years, depending on the nature of the trade.While a crypto trader may never have the latitude his counterpart in the share market enjoys, tax
. Read more on economictimes.indiatimes.comAbout this in other media
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Crypto Investors Remain Positive Despite A 30% Tax Rate On Profits And The Pending Bill ndtv.com /2 years ago
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