Udit Akhouri Profile picture
21 y/o ML researcher publishing for https://t.co/ihRyRa1by4 and IIT-Patna. Giving it back at https://t.co/fiZeWSG3dL (more at https://t.co/VMRpixRM3z)
Feb 5, 2022 8 tweets 4 min read
Too much confusion about new crypto regulations?

- Do you need to pay tax on losses?

- How will the government track whether you invested or not.

- Taxing on ICO too?

✅ Read this thread -

#CryptocurrencyNews #crypto #NFT #Startup #India #CryptoTax 1.
Here’s how it works -
Instead like stock market, where you cab adjust net tax payble, you can’t do it here.

If you invested in 2 stocks, and one gave ₹500 profit & ₹500 loss, you had to pay no tax.

But in crypto, whatever you get in loss, you have to pay tax on that ₹500.