I do use Indian exchanges to convert crypto to inr (money stays there momentarily) as I don't want to go through hassle of p2p (I have had bad experience with p2p dealings in past, which has left sour taste).
So you pay 30% tax?? OMG!
I have a question here. I guess Indian exchanges ask for the source of crypto you are trying to convert? I don't know as I have never used an Indian exchange.
Or are you allowed to fill your crypto wallet and covert them to INR after KYC verification?
I am asking this because I want to convert some of the signature wallet earnings to INR in future.