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CBDT: Income Tax portal to show foreign asset, income information

CBDT: Income Tax portal to show foreign asset, income information

New Delhi: In a significant step towards enhancing taxpayer services and promoting voluntary tax compliance, the Central Board of Direct Taxes (CBDT) has enabled the display of information relating to foreign assets and income received under the Automatic Exchange of Information (AEOI) framework in the...

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ADB identifies Nepal-India digital payment corridor as major opportunity

Kathmandu: The Asian Development Bank (ADB) has identified the Nepal-India digital payment corridor as a major untapped opportunity that could significantly improve trade, tourism, and remittance flows between the two neighbouring countries. In its report 'Advancing Digital Payments in Nepal: Infrastructure Upgrades and Policy Development...

Govt raises windfall tax on diesel, ATF exports

New Delhi: Centre has raised windfall taxes on exports of diesel and aviation turbine fuel (ATF) while lowering the levy on petrol exports, as surging global oil prices driven by the escalating US-Iran conflict boosted refining margins, with the revised rates taking effect from Thursday....

India–UK FTA comes into effect, bilateral trade poised to leap

New Delhi: The landmark India-UK Comprehensive Economic and Trade Agreement (CETA), which has come into effect from Wednesday, grants zero-duty access on nearly 99 per cent of India's exports, covering almost 100 per cent of the trade value, which will strengthen the country’s export competitiveness,...

 

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