Idea on crypto taxation in India: The Income Tax Appellate Tribunal’s ruling transforms how crypto is taxed in India, allowing profits from Bitcoin and Ethereum sales to fall under capital gains tax, which typically has lower rates compared to ordinary income tax.
Tax implications for crypto investors: Cryptocurrencies sold after being held for three years are eligible for long-term capital gains rates, which can significantly reduce tax liabilities. However, from April 2022 onward, profits from crypto sales face a flat tax rate of 30%.