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Anonymous-King (Don't DM)

Hello set off loss for same asset is allowed right

for taxation?

#cryptocurrency #english #wazirx
0

8 ответов

23 просмотра
Anonymous-King (Don't DM) Автор вопроса

Anyone pls??

0
11.06.2022
R-S

Not applicable to crypto

0
11.06.2022
R-S
Anonymous King (Don't DM)
Anyone pls??

Crypto income is similar to horse racing and lottery income so no loss setoff is possible

0
11.06.2022
Anonymous-King (Don't DM) Автор вопроса
R S
Not applicable to crypto

I read from Crypto provision loss from another virtual digital asset is not allowed for income from another virtual asset.. So same asset crypto loss is allowed only right??

0
11.06.2022
Anonymous-King (Don't DM) Автор вопроса
Anonymous King (Don't DM)
I read from Crypto provision loss from another vir...

As per the provisions of the proposed section 115BBH to the Income-tax Act, 1961, loss from the transfer of virtual digital asset (VDA) will not be allowed to be set off against the income arising from transfer of another VDA,” MoS Finance Pankaj Chaudhary said in a written reply to a question in Lok Sabha.  

0
11.06.2022
Anonymous-King (Don't DM) Автор вопроса

So bitcoin income can be set off from bitcoin loss.. And ethereum income can be set off from ethereum loss.. Cannot set off etherum income with bitcoin loss that is a meaning for this line right..

0
11.06.2022
Anonymous-King (Don't DM) Автор вопроса
Anonymous King (Don't DM)
So bitcoin income can be set off from bitcoin loss...

“Treating profits and losses of each market pair separately will discourage crypto participation and throttle the industry’s growth. It’s very unfortunate, and we urge the government to reconsider this,” said Nischal Shetty, CEO, WazirX.  So nishal shetty also not saying each transaction income.. he is saying each market pair income..

0
11.06.2022

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