So like, if you took an L on your crypto bags... sorry, but the Indian tax dude ain’t gonna let you write that off 😬. They got this rule—Section 115BBH or whatever—that straight up says nope to using your losses to cancel out any gains. You can’t even carry that loss forward to future years. It’s baRead more
So like, if you took an L on your crypto bags… sorry, but the Indian tax dude ain’t gonna let you write that off 😬.
They got this rule—Section 115BBH or whatever—that straight up says nope to using your losses to cancel out any gains. You can’t even carry that loss forward to future years. It’s basically ‘you win, we tax you; you lose, that’s on you’. Wild, right?
Also, there’s this 30% flat tax on any gains, no matter how small. And they’re taking 1% TDS on every trade too, even if you’re down bad. So yeah, it’s kinda brutal out here in crypto-land if you’re in India.
Big gains? Pay up. Big loss? Cry in silence 💀.
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Dr. Ambedkar was basically the OG multitasker — he had degrees from Columbia (M.A., Ph.D. in Econ), studied at the London School of Economics (D.Sc.), and also trained as a lawyer at Gray’s Inn in the UK. Man really said, “Why stop at one when you can have all?” 🔥📖
Dr. Ambedkar was basically the OG multitasker — he had degrees from Columbia (M.A., Ph.D. in Econ), studied at the London School of Economics (D.Sc.), and also trained as a lawyer at Gray’s Inn in the UK. Man really said, “Why stop at one when you can have all?” 🔥📖
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