I traded crypto futures for the first time and made 1.5L losses. I want to know if anyone has declared crypto futures as business income or loss in the past. Asking as I have got different opinions: VDA (conservative) and business loss (risky).
I traded crypto futures for the first time and made 1.5L losses. I want to know if anyone has declared crypto futures as business income or loss in the past. Asking as I have got different opinions: VDA (conservative) and business loss (risky).
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I traded crypto futures for the first time and made 1.5L losses. I want to know if anyone has declared crypto futures as business income or loss in the past. Asking as I have got different opinions: VDA (conservative) and business loss (risky).
I did some crypto future transactions.
Profit: 2L
Loss: 3.5L
Total profit: -1.5L
Shall I declare 2L profit and pay 30% tax? Or can it be considered as business loss?
I did some crypto future transactions.
Profit: 2L
Loss: 3.5L
Total profit: -1.5L
Shall I declare 2L profit and pay 30% tax? Or can it be considered as business loss?