The increase in dispute between President Donald Trump and Billionaire Elon Musk in the US is affecting the crypto market. The biggest cryptocurrency Bitcoin, the largest cryptocurrency in terms of market value, was more than 0.50 percent on Monday. Apart from this, the price of some other cryptocurrency has also increased. International Crypto Exchange after…
Infosys involved in large software companies have received relief from the pre-show cause notice related to the Rs 32,403 crore Goods and Services Tax (GST). The Director General of GST Intelligence (DGGI) has stopped the proceedings on this notice given to the company from FY 2018-19 to 2021-22. Infosys has told the stock exchange in…
Electric vehicles (EV) market has increased rapidly over the years. One may soon apply for a new policy with the aim of bringing International Electric Vehicle Makers in India included in large automobile markets. In this policy, these companies will be offered less import duty on manufacturing EV in the country. This policy was announced…
Action is being taken against gaming firms violating rules with the introduction of the Indian Premier League (IPL). The Directorate General of Goods and Services Tax Intelligence (DGGI) has tightened several foreign online gaming firms related to the theft of GST. This action is being taken to deal with illegal gaming business. The Finance Ministry…
Tesla, one of the large electric vehicle (EV) companies, is preparing to start business in India. The central government is working on a new policy to promote the manufacturing of EV in the country. In March last year, the government reduced custom duty to 15 percent on imports of EV with special conditions. A media…
The new Income Tax Bill has increased the scope of the definition of virtual digital assets (VDAS). It will now also include crypto assets as it represents that value digitally, then a cryptographic secured distributed laser. VDAS has been included in the scope of the definition of ‘undeclared income’ for search and seizure of the…
This year’s budget is to be presented soon. The business of cryptocurrencies has grown rapidly in the country in the last few years. However, the crypto industry complains of high tax burden. Crypto-related firms hope that Finance Minister Nirmala Sitharaman can give some tax relief to this segment in the upcoming budget. The government had…
Apple, Samsung and HP, among the big companies manufacturing devices, have stopped the import of laptops and tablets in India. The central government had on Thursday banned the import of these devices without a license. Its objective is to increase local manufacturing of electronics. However, due to this decision of the government, personal computers, laptop…
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters…
Whenever it comes to filing income tax return, most people believe that it is better if this work is done by a chartered accountant. But the reality is something else. Like other government services, filing taxes is also very easy if you file it online. Whether you run your own company and need a CA…