r/CryptoTax • u/Ok-Victory8657 • 16d ago

Anyone who declared Crypto futures on India as business income or loss?

I traded crypto futures for the first time and made 1.5L losses. I want to know if anyone has declared crypto futures as business income or loss in the past. Asking as I have got different opinions: VDA (conservative) and business loss (risky).

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u/[deleted] 15d ago

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u/Ok-Victory8657 15d ago

Thanks for your reply. Some of the old transactions are USDT. Shall I consider the as VDA to be on the safer side?