I think selling on loss means you still have to pay the tax of 30%. I think this is generally bad. I think there are so many questions about the legalization of crypto in India. On the surface, it feels like a good thing. I mean it's a step in the right direction, I hope some of these terms and conditions are later relaxed.
@tipu curate
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I don't think, they will relax anything later - rather they will come up with more bad news after they lunch their own currency. May be that is not ready, so they would have thought to enjoy the free money - the massive tax that comes free. And give it free to people and make them less productive to give them votes.
For govt Crypto tax is just a way to rais money to buy votes so they can rule on the nation for next 10 years.
True - they have nothing for the honest tax payers in this budget.
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