Its a double edged sword though. We might show that p2p transaction as something else but if the person on otherside of p2p reports that as "crypto buying and selling", that might trigger an enquiry as to why we showed it different.
Hide at your own risk.
Not really mate! Cryptos are not a legal tender in India. So it may be possible that I make 10 bitcoin from my yearly trading. But unless and until I cash out that bitcoins to the local currency, I will not be able to use that. I can have 10 bitcoins at my wallet, but it is of now use unless it is cashed out to INR. So how it can be considered an income if it doesn't have any value in my country?