Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more
World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more
At the beginning of the fiscal year 2023-24, Bitcoin was valued at approximately $28,500. However, by March 2024, its price had surged dramatically to an impressive $73,750. In the year starting April 1, 2023, Bitcoin has had a remarkable run. Bitcoin gained more than 50% by mid-June 2023, rallying alongside tech stocks to trade around … Read more