The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, recently made an important ruling: profits from the sale of cryptocurrencies should be treated as capital gains prior to the introduction of the Virtual Digital Assets (VDA) regime in 2022. This means that cryptocurrencies, including Bitcoin, will be classified as capital assets, resolving previous ambiguities regarding the taxation of cryptocurrencies. For investors, this ruling provides clearer tax guidance, aiding in better financial strategy planning. 🌐📈