
Are cryptocurrencies liable for taxation in India?
Could you elaborate on the current stance of the Indian government towards the taxation of cryptocurrencies? Are there any specific laws or regulations in place that clearly define the taxability of digital currencies in the country? Have there been any recent changes or updates to these regulations? What are the potential implications for cryptocurrency investors and traders in India? Are there any exemptions or tax breaks available for those transacting in cryptocurrencies? Finally, how do the taxation policies compare to other countries in the region?
