India's Income Tax Appellate Tribunal has ruled that profits from crypto sales before the 2022 VDA tax regime are treated as capital gains, with long-term holdings benefiting from lower tax rates and deductions, while post-2022, all crypto gains are taxed at a flat 30% rate.

This decision resolves the ambiguity around crypto taxation, classifying cryptocurrencies, including Bitcoin, as capital assets, thus reducing the tax burden for early adopters.