Crypto Taxes

Yes, the Indian tax rules system applies to you. You are earning by selling the game item for USDT, which is considered a transfer of a virtual digital asset (VDA). So any profit from selling the games will be taxed. A 30% (crypto tax) tax is applied on capital gains a 1% TDS is applied under VDA rules.

Even without regular income, buying anything with cryptocurrency is considered a taxable event. You have to pay 30% tax on any gains made from crypto transactions.

Hii,
I am a senior citizen. In the old tax regime, there were special advantages in tax rates for senior citizens. Does the new tax regime allow any special exemption for interest earned by senior citizens from savings or fixed deposits? Are deductions on medical insurance premiums still available for senior citizens in the new tax regime?

The Indian Income Tax Department clearly states that you must pay a 30% tax on cryptocurrency profits. There is no other way to avoid this tax.