GK Question

technology medium true_false

India's crypto tax framework allows loss offsetting against other capital gains.

  1. True
  2. False

Answer: False

Section 115BBH taxes crypto income at 30% with no provision for loss offsetting against other income or capital gains. 1% TDS applies on transactions. Critical for crypto tax compliance planning.

Topic Crypto Regulation
Exam Relevance Banking, SSC, UPSC