Crypto sale profits before 2022 rule change be treated as capital gains: ITAT

The decision is significant as it recognises virtual digital assets as capital assets, said experts. "It not only recognises Bitcoin as a capital asset but also provides clarity on how such transactions should be treated for the period before the introduction of the formal VDA (virtual digital asset) regime in 2022," said Sandeep Jhunjhunwala, tax partner (M&A) at Nangia Andersen.