27 March 2022
Hello, I used to trade crypto using my mother's account. And between Nov 21-December21 I invested around 72k in 1 coin (VET)! But due to the recent Budget, I am planning to sell it! but I am at a huge loss. If I sell the Crypto after 31st March 2022. When the price gets back to 72k with no profit! Will I have to report my loss/profit or will I have to pay tax??? and In last month Feb22, I made a profit of 20k+ on a different coin(IOTX). So if I report my profits in years 2021 and 22, Will the income tax department apply tax on it??? or will they exempt my tax on the profits I made before 31st March 2022.
CAclubindia
