Yes, the buyback will be considered a sale of cards/VDA under Indian tax laws and will be subject to taxation. As per Section 115BBH of the Income-tax Act, 1961, a 30% tax applies to any profits earned from the sale of cards. Additionally, a 1% TDS will be applicable under Section 194S of the Income-tax Act, 1961. However, the platform will bear the cost of this 1% TDS on behalf of the users.