Centre Allows The Use of Rupees in Export Promotion Schemes
Reserve Bank of India issued guidelines for the settlement of international trade in Indian rupees now all exports and imports invoiced in rupees.
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What is e-RUPI (CBDC) – First Step Toward Digital Currency
The central bank issues digital currencies e-RUPI similar to cryptocurrency. They are determined by the value of the country’s fiat currency.
All About CBDT Proposes One Common ITR For All Except ITR-7
CBDT purposes one common ITR for all except ITR-7 into a single ITR, So that the return filing system in light of international best practices.
CBDT’s Revised Guidelines on Compounding of Offences under Income Tax Act, 1961
Facilitating Ease of Doing Business and decriminalization of offenses, the CBDT has taken steps in this direction by issuing revised Guidelines for Compounding of Offenses under the Income-tax Act, 1961 (the ‘Act’) dated 16.09.2022 with reference to various offenses covered under the Act’s prosecution provisions. Among the major changes made for the benefit of taxpayers … Read more