Category: ART
*Malicious iOS, Android apps can read screenshots for passwords: Here’s how | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/malicious-ios-android-apps-can-read-screenshots-for-passwords-here-s-how-125020600958_1.html Reportedly, some malicious apps on App Store and Play Store have been using Optical Character Recognition (OCR) technology to extract crypto wallet passwords
*******Tax Implications for NRIs Selling Property in India
Clipped from: https://taxguru.in/income-tax/tax-implications-nris-selling-property-india.html Summary: NRIs selling property in India must navigate various tax rules, including capital gains tax. Short-term capital gains (STCG) apply if the property is
☆Will take back Indian illegal immigrants, says MEA amid Trump crackdown | World News – Business Standard
“For Indians not just in the United States, but anywhere in the world, if they are Indian nationals and they are overstaying, or they are
*******Furnishing Reasons at Fag End & Hasty Reassessment Proceedings Unconstitutional: Bombay HC
Clipped from: https://taxguru.in/corporate-law/furnishing-reasons-fag-hasty-reassessment-proceedings-unconstitutional-bombay-hc.html Jayant Avinash Dave Vs ACIT (Bombay High Court) The Bombay High Court ruled in favor of petitioner Jayant Avinash Dave, quashing the reopening
*******Section 54F Exemption Allowed Despite Wife’s Name on Property Title; ITAT Deletes Addition of ₹168.55 crore unexplained cash credit
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-allowed-wifes-property-title-itat-deletes-addition-rs-168-55-crore-unexplained-cash-credit.html ACIT Vs Jay Bharat Mehta (ITAT Mumbai) Section 54F Exemption Allowed Despite Wife’s Name on Property Title In this case, the Assessee claimed
आवश्यक*******No addition for LTCG as property transfer u/s 2(47) required verification of buyer possession and receipt of consideration
Clipped from: https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sachin Ramesh Pawar Vs ITO (ITAT Pune) Conclusion: Since assessee’s claims regarding possession and consideration were supported by documents that were not presented before
आवश्यक*******DPDP rules: Parental consent and data localisation shake up big tech in new digital data rules–Courtesy Telangana Today
The draft DPDP rules propose mandatory parental consent for children’s accounts, data localisation requirements, and complex consent management challenges for businesses The draft DPDP rules
आवश्यक*******Assessment Ignoring Indexed Cost of Acquisition Set Aside: Karnataka HC
Clipped from: https://taxguru.in/income-tax/assessment-ignoring-indexed-cost-acquisition-set-aside-karnataka-hc.html Devanur Thimmasetty Srinivasa Vs ITO (Karnataka High Court) Assessment order taking entirety of the sale consideration without taking note of the indexed cost
आवश्यक*******No addition for LTCG as property transfer u/s 2(47) required verification of buyer possession and receipt of consideration
Clipped from: https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sachin Ramesh Pawar Vs ITO (ITAT Pune) Conclusion: Since assessee’s claims regarding possession and consideration were supported by documents that were not presented before
*******Bad economics is corrupting politics, undermining good governance in India | Economy & Policy Analysis – Business Standard
Clipped from: https://www.business-standard.com/economy/analysis/bad-economics-is-corrupting-politics-undermining-good-governance-in-india-125011900471_1.html Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets Arun Maira is former member,
आवश्यक*******Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
lipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
*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
