Crypto losses

Tax queries 168 views 1 replies

Sir

Is it necessary to declare crypto losses in I.Tax returns for FY 2021-22 (AY 22-23).

I don't want to carry forward the losses incurred in crypto & NFT trades.

I have other income as salary & rent., is it okay that I file returns only for this income without declaring Crypto & NFT losses.

Please Guide.

 

Replies (1)

Crypto & NFT lossess cannot be adjusted against any other gains, nor it can be carry forwarded. But declare it under IFOS to avoid any future query.


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