Can digital assets be used for investment purposes in India?

Yes, digital assets can be used for investment purposes in India, but it is important to understand the associated risks and tax implications. Investing in cryptocurrencies and NFTs is considered a speculative activity, and any gains from their transfer or sale are subject to taxation as per the Income Tax Act. Investors should be cautious and conduct proper due diligence before investing in digital assets, as the market is highly volatile and unregulated.