Day: May 1, 2025
Soon, Google to add image editing features to Gemini app: What is new | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/soon-google-to-add-image-editing-features-to-gemini-app-what-is-new-125050100270_1.html The Gemini app will support AI-powered image editing with natural language prompts, style transformations and watermarking for authenticity Google is introducing native artificial intelligence-powered
US visa delays: B1/B2 wait up to 13 months, F-1 up to 2 months in India | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/us-visa-delays-h-1b-f-1-b1-b2-applicants-face-months-long-wait-in-india-125050100224_1.html Indian applicants who already have an appointment can log into the system and reschedule if an earlier slot opens Photo: Shutterstock The United
Air India fuel bill to rise with Pak airspace closure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/air-india-fuel-bill-to-rise-with-pak-airspace-closure/article69510749.ece Airline faces higher fuel, employee and engineering expenses Air India has around 38 flights daily (two way) from Delhi to Canada, Europe and
Judges must come clean about assets – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/judges-must-come-clean-about-assets/3828218/ The Supreme Court’s move towards judges declaring assets has a history of resolutions and varying levels of compliance; while the recent announcement and
*******What Documents Are Required for KYC? | List of Documents Required for KYC–Clear Tax
Clipped from: https://cleartax.in/s/documents-required-for-kyc Know Your Customer (KYC) is a compliance procedure initiated by the Reserve Bank of India (RBI). The primary purpose of this compliance is to assess the customer
*****Life insurance covers death caused by terrorist attacks, with riders | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/life-insurance-covers-death-caused-by-terrorist-attacks-with-riders-125043001703_1.html Everyone with financial dependants should purchase life insurance. Individuals residing in sensitive or high-risk areas should make it a priority to buy this
Non-life insurers to meet DFS secy for revision in motor third-party rates | Insurance News – Business Standard
Clipped from: https://www.business-standard.com/finance/insurance/non-life-insurers-to-meet-dfs-secy-for-revision-in-motor-third-party-rates-125043001441_1.html Cession is the portion of insurance premiums that insurers pass on to a reinsurer, in this case, GIC Re According to the Motor
US economy shrinks for first time in 3 years amid Trump tariff fallout – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/us-economy-shrinks-for-first-time-in-3-years-amid-trump-tariff-fallout/article69511616.ece Though consumer and business spending remained resilient due to front-loading, economists warn that the underlying fundamentals are weakening. The U.S. economy contracted by
CBDT simplifies ITR filing with key changes, notifies forms 1 and 4 for the assessment year (AY) 2025-26 – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-income-tax-return-filing-key-changes-cbdt-notifies-forms-1-and-4-for-the-assessment-year-ay-2025-26-3827882/ Income Tax Department has simplified how taxpayers will file ITR returns. For the assessment year 2025-26, the forms ITR-1 (Sahaj) and ITR-4 (Sugam)
LTCG up to ₹1.25 lakh? You can now skip ITR-2 and file using Sahaj or Sugam forms – LTCG up to ₹1.25 lakh? You can now skip ITR 2 and file using Sahaj or Sugam forms BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ltcg-up-to-rs125-lakh-you-can-now-skip-itr-2-and-file-using-sahaj-or-sugam-forms-474290-2025-05-01 Until now, even a small amount of LTCG required filing ITR-2. This change makes tax filing simpler and less time-consuming for small investors,
Income Tax Dept notifies ITR-1, ITR-4 forms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/i-t-dept-notifies-itr-1-itr-4-forms/article69509100.ece The due date for filing returns by individuals and entities whose accounts are not subject to audit is July 31, 2025 After a
*****Tax Reassessment Invalidated Due to Procedural Defect in Notice Service Under Section 148 Proceedings
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87893 ITAT adjudicated a tax reassessment case involving procedural … April 30, 2025 Case Laws Income Tax AT ITAT adjudicated
*****Tax Assessment Notices Invalidated Limitation Period Expired Tribunal Order Beyond Statutory Timeframe Renders Notices Null and Void
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87895 HC upheld the petition, declaring assessment notices for AY … April 30, 2025 Case Laws Income Tax HC HC
*****Tax Reassessment Order Upheld Procedural Defects Cured Jurisdictional Challenge Rejected Appellate Remedies Available
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87899 HC dismissed writ petitions challenging tax reassessment order. … April 30, 2025 Case Laws Income Tax HC HC dismissed
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