Indian Compliance & Tax

Why can't I set off crypto losses against other income in India?

In India, crypto losses cannot be set off against other income because Section 115BBH specifically bars offsetting losses from one Virtual Digital Asset against gains from another VDA or against any other head of income, and such losses cannot be carried forward. This means a loss on one token gives no tax relief against a gain on another, nor against salary or business income. For example, a fifty thousand rupee loss on one coin cannot reduce tax on a fifty thousand rupee gain on a different coin; the gain is still taxed in full. Confirm your position with a qualified tax adviser.

This is general information, not tax advice. Tax rules change and depend on your individual circumstances — verify the current rules or consult a qualified tax professional before acting.