Can India’s Controversial New Tax Law Be Challenged in Court? Yes, Say Crypto Lawyers

By CoinDesk

India’s top legal experts say the crypto community would have a “fair chance” if they made a legal challenge to a 1% tax deducted at source enshrined in a new crypto tax law. On Wednesday, the Indian government’s crypto tax legislation received the assent of the President of India, the final formality before becoming law. The crypto tax law enforces a 30% tax on profits from crypto transactions, effective April 1.

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