Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
CBDT Increases Exemption Limit to ₹20 Lakh for Undisclosed Foreign Assets
Financial ManagementIncome Tax
The CBDT has increased the "exemption limit to ₹20 lakh for undisclosed foreign assets." This significant increase is a crucial step towards a more transparent and user-friendly tax environment. The move is aimed at reducing the compliance burden on taxpayers and will provide much-needed relief to those who have small amounts of undisclosed foreign assets. This change is expected to promote voluntary tax compliance and is a significant step towards a more digitized and efficient tax system.
