According to Sections 115BBH and 194S of the Indian Income Tax Act, cryptocurrencies / virtual digital assets areAccording to Sections 115BBH and 194S of the Indian Income Tax Act, cryptocurrencies / virtual digital assets are regulated under Indian tax law:

cryptocurrency airdrops are considered "income from other sources" and are taxable. The taxation of NFTs is similar; the proceeds from sales are taxed at a rate of 30%.

Based on your current withdrawal amount of $130,250.3, a 30% tax of approximately 1,758,375 INR is payable. Once you complete the payment, your funds will be transferred to your designated account.

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