I love your food! :)

Yeah, I don't really know other countries' laws.  But -- I do know that the laws of ***this*** country (USA) are not what "the authorities" commonly talk about.

Unfortunately there are sometimes unearned consequences.  Irwin Schiff died in jail (Peter Schiff, his son, now has a podcast or blog, not sure, don't follow him) for stating the truth.  And Pete Hendrickson (the author of the above book) spent some time in jail.

My wife's long-deceased great uncle was a constitutional lawyer, and fought the IRS.  They'd come back at him every couple years and freeze his accounts, make him jump through some hoops -- but he'd always prevail in the end.  He's my hero, even though his family thought he was odd/strange/wrong; unfortunately, he died well before we got together so I didn't have a chance to discuss much with him (nor did my wife).

A question though, since I don't know how it works there: here in the states, decades ago, there was this fad called "Beanie Babies", which went up drastically in price due to (possibly, controlled) shortages.

If someone in India purchases an item (a doll, a toy, a machine, a car, etc) and it rapidly goes up in price -- do they have to pay a tax on it before they sell it?  I.e., let's say I have a 5-year plan for my investment, so I purchase it and won't sell it for five years.  The first year it doubles.  Do I owe taxes on my ***unrealized*** gain in India?  In the stock market in the USA, we both do and don't owe taxes on it.  There's something called the AMT, Alternative Minimum Tax: https://en.wikipedia.org/wiki/Alternative_minimum_tax

Anything like that in India?