MCA, Meity Roles Divided in Digital Mkt Regulation
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MCA, Meity Roles Divided in Digital Mkt Regulation

The ministry of corpo rate affairs (MCA) on Tuesday said it will look into competition issues in the digital markets while the ministry of electronics and information technology (Meity) will handle sector specific and technical issues, a move aimed at distinguishing their roles in regulating digital intermediaries like Facebook, Twitter and Google The decision comes after a…

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₹60 cr TDS Received from Transactions in Virtual Digital Assets

The government received 60.46 crore as tax deducted at source (TDS) for transactions in virtual digital assets (VDAs) since July when the tax came into effect, Parliament was informed Tuesday. “Post insertion of Section 1945 in the Income-tax Act, 1961 thro- ugh Finance Act, 2022, a total of 318 direct tax challans having TDS code…