Do taxes applicable to Virtual Currency/Digital Assets gains?

Yes. Although Bitcoin India™ does not provide any legal or tax advice,

ClearTax, a technology company specializing in the ‘Tax’ domain has released guidelines for how to report and pay taxes relating to digital assets activity. You can read them on theIR official website here: https://cleartax.in/s/bitcoins-taxes-india

We remind all our customers, both India and international, that you have a responsibility to self-report and pay taxes on all taxable gains. Please consult with your CA/accountant or tax advisor to ensure that you file and pay taxes correctly. Thank you!