In case your made loss (when you bought high and sold for less), you need not pay tax. However, you have to file return with nil tax.
What if we apply this scenario on all the cases? What I mean is, what if someone is earning income in
crypto through freelancing/salary/trading/etc. but at the end of the year their total income from all that is under the taxation limit (which is 2,50,000 if I am not mistaken). Do they still have to file return?
By the way, thank you for doing this. This information is very important and a positive step towards legalization of
crypto in India.