Per Section 115BBH, losses incurred in crypto cannot be offset against any capital gains/income, including from cryptocurrency. Additionally, Indian crypto investors in are not permitted to claim expenses related to their crypto trading activities, except for the acquisition cost or purchase cost.
Also, the trading fee is not allowed as a deduction.
Refer below example for more clarity.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article