Does crypto pay tax in India?

The question of whether cryptocurrency is taxed in India has sparked much debate in recent years. Given the rapidly evolving nature of the digital currency landscape, it's crucial to understand the tax implications for crypto investors and traders in the country. Does the Indian government consider cryptocurrency transactions taxable income? If so, what are the specific tax rates and regulations? Furthermore, how do these regulations differ for different types of crypto activities, such as trading, mining, or staking? Understanding the tax implications of crypto in India is essential for investors to make informed decisions and comply with local laws. Let's delve into this topic to gain clarity on the current tax treatment of cryptocurrency in the country.