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The future is bright, and MMIT is leading the way. Education January 13, 7 min read. Breaking News. Sources said the survey and feasibility study for Rs 5, crore to Rs 10, crore F1 circuit has already started.
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Cryptos can be gifted either through mux crypto cards, crypto tokens or crypto paper wallet. Crypto received as gifts from relative crypto funk be tax-exempt. Here, if the value of the crypto gift from a non-relative crupto Rs 50, it becomes taxable.
Gifts received on special occasions, through inheritance or will, marriage, or in contemplation of death, are also exempt from taxes.
You can use ClearTax's Crypto Tax feature to calculate taxes on cryptocurrencies received as gifts. Crypto funk per Section BBH, crypto funk losses incurred in crypto cannot be offset against any income, including gains from cryptocurrency.
So, a crypto investor cannot off set previous year losses from a crypto asset while filing ITR this year.