New Delhi, Jan. 31 -- In the upcoming Union Budget, investors in virtual digital assets (VDA) are seeking relief on the taxation framework, particularly the ability to claim losses, even as gains from cryptocurrency remain taxable at 30 per cent under Indian law, Rohit Garg, Partner at Shardul Amarchand Mangaldas & Co, said.

"Now, any investor, like you and me, if we are investing in cryptocurrency and earning any gain out of it, that is being taxed at 30 per cent. However, the concern which is being raised by the investor community is, if you are taxing us on the gains, please provide us the benefit of any loss that is being made," Garg said in an interview with ANI in the national capital.

Garg said VDA taxation is provided under the ...