Booking foreign tour packages is going to become more expensive for Indians starting from July 1, 2023. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5%…
The Central government has recently made an announcement that cryptocurrencies will now be included in the Prevention of Money Laundering Act (PMLA). This means that the exchange of virtual digital assets with fiat currencies, the exchange between one or…
Income Tax Department takes up 68,000 cases for e-Verification for underreporting of income in tax returns for Financial Year 2019-20. Central Board of Direct Taxes, CBDT says, details of transactions have been initially shared with the individual taxpayer through…