Binocs Labs Pvt. Ltd. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide tax, legal or accounting advice. As tax laws in India with regards to virtual digital assets is in the developmental stages there are ambiguity on interpretation of law including judicial and administrative interpretation. Tax law is subject to continual change, at times on a retroactive basis and may result in incremental taxes, interest or penalties. Binocs Labs Pvt. Ltd. and its affiliates are not responsible for any liability arising from use of this informational guide.