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CBDT Strengthens Crypto Tax Reporting Through OECD Framework Alignment Why in the News ? The Central Board of Direct Taxes (CBDT) has issued a comprehensive Guidance Note on crypto-asset reporting, aligning India’s tax framework with the OECD’s Crypto-Asset Reporting Framework (CARF). The move aims to improve tax compliance, curb evasion, and enable automatic exchange of …
Read MoreNational Consumer Helpline Expanded for GST Reforms Why in the News ? The Department of Consumer Affairs has enabled a dedicated GST grievance redressal system on the National Consumer Helpline (NCH). This initiative, aligned with Next-Gen GST reforms and the broader Aatmanirbhar Bharat Abhiyan, aims to address consumer queries and complaints following the implementation of …
Read MoreWhy in the News ? The Lok Sabha has passed the Finance Bill 2025, introducing zero income tax for income up to ₹12 lakh under the new tax regime. The Bill also focuses on tariff rationalization, boosting domestic manufacturing, and supporting startups with extended benefits. Key Provisions of the Finance Bill 2025: Tax Benefits: Under …
Read MoreSyllabus: GS-3- GDP growth rate , economic and overall development , GST, GST Council Focus : The article focuses on the transformative impact of GST on India’s tax landscape, its achievements, unique credentials, and the critical need for further policy reforms to address existing challenges and support India’s economic growth and development. Source – FE …
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