The Central Board of Direct Taxes is reviewing foreign remittances over Rs 6 lakh for potential tax evasion, directing field formations to scrutinize Form 15CC data from the 2020-21 financial year.
Related Posts
EY resigns as adviser to Byju’s IRP
EY Restructuring has resigned from advising Pankaj Srivastava, the NCLT-appointed internal resolution professional at Byju’s. This development follows BDO’s resignation as Byju’s auditor earlier this […]
US Fed not convinced with ‘fast’ cross-border payment
Christopher J Waller of the US Federal Reserve has voiced reservations about linking domestic fast payment systems like UPI to facilitate global transactions, citing potential […]
Minimum wages for unorganised sector to rise as variable DA up
The Centre has raised minimum wage rates for unorganised sector workers through a revision of the variable dearness allowance. Effective from Oct 1, these new […]