I asked the Indians who were in my contacts. Some have said yes, others do not and there are also others who do not know. Maybe because those who said no or do not know maybe they do not use services or even cash out bitcoin to fiat currency.

Here are some of their responses:
-As per government policy, it's high
-I don't know about the matter, Maybe
-Ok, if you withdraw huge money through a bank than a tax could be 20percent. More than 50k, it will be captured in income tax, 50k inr equivalent
-Before a little bit only, Nowadays many service tax deduction for the exchange apps
-I think so, I don't know
-Not that much but till now am just received a small amount of bitcoin only trying to get more
-Yes, It's just regulated So government going To make a law Before march Btc is illegal So it's new for Indian exchange So they anything they want