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    Six crypto tax mistakes to avoid when filing income tax for FY 2023-24

    BUSINESS

    Six crypto tax mistakes to avoid when filing income tax for FY 2023-24

    If you've dabbled into crypto investments, you must provide detailed disclosures in the newly introduced Schedule VDA (Virtual Digital Assets) when filing returns before July 31. Unlike other assets, you cannot offset crypto losses against capital gains from other assets, such as the sale of mutual fund units or stocks.

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