The tax department favours taxing cryptocurrency exchange and trades in the country. But, it doesn't mean that they would be categorised as a valid ...
source https://economictimes.indiatimes.com/news/economy/policy/government-favours-taxing-cryptocurrency-trades-et-now/articleshow/86161593.cms
source https://www.smartmoneymanagement.space/2021/09/government-favours-taxing.html
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