Tag: Central Bank Digital Currency
Posted in Economy
Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others
Draft Income Tax Rules have proposed significantly raising transaction limits for quoting of PAN for cash deposits/withdrawal in banks, purchase of motor vehicles and property,…
Posted in Economy
Government tightens tax framework for foreign digital entities
New Delhi: India has proposed to tighten the tax and reporting framework for the digital entities by sharpening the definition of significant economic presence (SEP),…
Posted in Economy
Unbacked cryptos have no value, stablecoins risk policy sovereignty: RBI DG
The RBI Deputy Governor said stablecoins could pose a risk to emerging economies like India and do not serve a purpose that cannot be better…