CBDT issues Central Action Plan for FY25, sets Income-Tax department roadmap — tax demands, cash transactions, arrears

[ad_1] The Central Board of Direct Taxes (CBDT) has released the Central Action Plan (CAP) for the fiscal year 2024-25, charting a roadmap for the Income Tax Department as India approaches the centenary of its independence in 2047. CAP 2024-25 calls for quick resolution of high-priority tax demand cases, identification of above ₹2 lakh cash…

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RBI’s framework for SROs: From minimum net worth to mix of members, key regulations explained

[ad_1] The Reserve Bank of India (RBI) has issued the framework for recognition of self-regulatory organisation (SROs) in financial markets. This framework released on Monday was done in the aftermath of ā€˜Omnibus Framework for recognition of SROs’ which were issued early this year in March, 2024. It is noteworthy that RBI recently invited applications for…

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