No Offsetting Loss
Crypto

India Bans Offsetting Loss On One Crypto With Gain From Another, Clarifies MoS Pankaj Chaudhary

Indian crypto companies fear losing customers, after govt refuses to allow offsetting losses Minister of State for Finance Pankaj Chaudhary clarified in Parliament that losses incurred from one kind of cryptocurrency cannot be offset against the gains from any transaction involving another cryptocurrency. The government won’t allow tax breaks on infrastructure cost incurred while mining of crypto […]