Crypto tax in India.

[Samar]

For selling in-game items for USDT on Binance from foreigners, and later converting some USDT to INR via a friend's Binance and UPI, do Indian taxes (1% TDS or 30%) apply?

[Siddarth]

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.