GOI’s Cryptocurrency tax clarification: Losses in one crypto asset cannot be set off against another

GOI's Cryptocurrency tax clarification: Losses in one crypto asset cannot be set off against another

Recently, during the budget, Finance Minister Nirmala Sitharaman announced that Virtual Digital Asset (VDA) like Cryptocurrencies and NFTs will be taxed at 30%. Yesterday the Government of India (GOI) made some announcements giving further clarification on the tax on VDA. The first announcement is that the loss on one digital asset cannot be offset with … Read more

What is Bitcoin Cryptocurrency and Blockchain ?

Today, we will talk about the world’s most expensive Pizza transaction. A pizza worth ₹2,800 crores. We will talk about Satoshi Nakamoto’s obvious role in BitCoin and Blockchain. Lastly, we will also talk about how BitCoin and the Blockchain technology work. And most importantly about whether you can mine or not. We will be discussing … Read more