The Income Tax Appellate Tribunal (ITAT) in Jodhpur has ruled that profits from cryptocurrency transactions before April 1, 2022, will be taxed as capital gains, offering relief to early adopters. Short-term gains will be taxed at 15%, while long-term gains will be taxed at 10%, contrasting with the current flat 30% rate. This decision highlights India's ongoing struggle to establish a supportive regulatory framework for digital assets, prompting many businesses to relocate to more favorable jurisdictions.
