Clipped from: https://www.thehindubusinessline.com/info-tech/beyond-compliance-dpdp-demands-proactive-cybersecurity/article69104410.ece DPDP: Act now. Protect data. Avoid penalties. This new regulatory landscape also presents businesses with an opportunity to elevate data protection efforts and
Day: January 16, 2025
*Punjab & Sind Bank to launch cash-flow based digital MSME loan offering by month-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/punjab-sind-bank-to-launch-cash-flow-based-digital-msme-loan-offering-by-month-end/article69105363.ece With a game-changing new ₹25 lakh MSME loan product, and expanded digital offerings, PSB aims to strengthen its digital-friendly image, says MD&CEO Swarup
*******Securing credit data – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/securing-credit-data/article69104980.ece Tighter rules on data sharing by credit bureaus were much-needed Credit Information Companies (CICs), which assign credit scores to retail borrowers, play a vital
90k salaried individuals withdraw wrongful tax claims worth Rs 1,070 crore | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/90k-salaried-individuals-withdraw-wrongful-tax-claims-worth-rs-1-070-crore-125011601317_1.html In order to intensify the efforts of the department of promoting voluntary tax compliance and reducing litigation, outreach programme with employers is being
90k salaried individuals withdraw wrongful tax claims worth Rs 1,070 crore | India News – Business Standard
As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling Rs 1,070 crore as of
*India’s internet users to exceed 900 mn in 2025, driven by Indic languages | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/india-s-internet-users-to-exceed-900-mn-in-2025-driven-by-indic-languages-125011600835_1.html Nearly all internet users (98 per cent) accessed content in Indic languages, with Tamil, Telugu, and Malayalam emerging as the most popular due
Dealing with recovery agents: Know your rights, study RBI guidelines | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/dealing-with-recovery-agents-know-your-rights-study-rbi-guidelines-125011601464_1.html File a complaint with the bank’s grievance officer; escalate to the ombudsman or consumer court if unresolved Bank customers must know their rights
*******Non-Response To Notices: ITAT Reduces Penalty Citing Assessee’s Depression & Losses
Clipped from: https://taxguru.in/income-tax/non-response-notices-itat-reduces-penalty-citing-assessees-depression-losses.html Jayasakthi Knit Wear Vs ITO (ITAT Chennai) In the case of Jayasakthi Knit Wear Vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed
*******Apppellate authorities must decide cases on merits, even in ex parte Cases: Patna HC
Clipped from: https://taxguru.in/goods-and-service-tax/apppellate-authorities-decide-cases-merits-ex-parte-cases-patna-hc.html Silverline Vs State of Bihar (Patna High Court) In the case of Silverline vs State of Bihar, the Patna High Court examined the dismissal
*******ITAT Remands Case for Fresh Adjudication After CIT(A) Denies Fair Hearing
Clipped from: https://taxguru.in/income-tax/itat-remands-case-fresh-adjudication-cita-denies-fair-hearing.html Kamlesh Babalal Shah Vs ACIT (ITAT Ahmedabad) In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the
*******Non-Receipt of Hearing Notices: ITAT Sets Aside Ex-Parte Order
Clipped from: https://taxguru.in/income-tax/non-receipt-hearing-notices-itat-sets-aside-ex-parte-order.html Dhaval Nalinbhai Patel Vs DCIT (ITAT Ahmedabad) In the case of Dhaval Nalinbhai Patel Vs. DCIT, the ITAT Chennai addressed an appeal concerning
*******No Income Tax on Cash Gift from Father & Father-in-Law: ITAT Delhi
Read more at: https://taxguru.in/income-tax/income-tax-cash-gift-father-father-in-law-itat-delhi.htmlCopyright © Taxguru.in The assessee, married in February 2011, claimed that the amount comprised gifts of ₹5,00,000 from his father and ₹5,80,000 from
*******10-Year Limit Applies Prospectively, Not Retroactively to Expired Six-Year Limit: Delhi HC
Clipped from: https://taxguru.in/income-tax/10-year-limit-applies-prospectively-retroactively-expired-six-year-limit-delhi-hc.html Sheetal International Private Limited Vs Chief Commissioner of Income Tax (Delhi High Court) In the case of Sheetal International Private Limited Vs Chief Commissioner
*Let the Rupee find its balance – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/let-the-rupee-find-its-balance/3716406/ What’s important is the relative value of the currency vis-à-vis peer currencies and not its absolute value. Since September 1, the rupee has
Putting the ‘A’ (accountability) in AI – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/putting-the-a-accountability-in-ai/3716415/ When transparency, human collaboration, and data privacy form the core of AI systems, it can transform healthcare into a more compassionate ecosystem. As
*Standalone health insurers have the best financial health, IRDAI data show – The Hindu BusinessLine
Why did RBI replace flexible exchange rate with de facto peg against dollar
Clipped from: https://www.business-standard.com/finance/news/why-did-rbi-replace-flexible-exchange-rate-with-de-facto-peg-against-dollar-125011501417_1.html The RBI must come out with an official explanation, but until it does, we can only guess. But there are a few reasonable
Fiscal conditions to constrain credit growth in 2025, says Moody’s | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/india-s-fiscal-conditions-to-constrain-credit-growth-in-2025-moody-s-125011501133_1.html ICRA, in its report on Budget expectations, estimated the fiscal deficit target for FY2026 to be set at 4.5 per cent of GDP