The Central Board of Direct Taxes vide notification dated 30th June, 2022 has clarified the scope of the term non-fungible token under the Income Tax Act. The Central Government has specified that a token which qualifies to be a virtual digital asset shall be considered as a non-fungible token but shall not include a nonfungible token whose transfer results in transfer of ownership of underlying tangible asset and the transfer of ownership of such underlying tangible asset is legally enforceable.
New Regulations for Consumer Grievances Redressal in Goa and UTs
The Joint Electricity Regulatory Commission (JERC) has announced the Consumer Grievances Redressal Forum and Ombudsman Regulations, 2024, which supersedes the 2019 regulations. Under these new