Category: One Star
*OpenAI to update ChatGPT after US teen’s parents sue over suicide | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/chatgpt-openai-lawsuit-california-adam-raine-teenager-suicide-sam-altman-125082700172_1.html The decision to update the chatbot comes on the same day as the parents of 16-year-old Adam Raine, a California high-school student, filed
*Joint FD with family? Here’s why it could mean a tax notice for you too | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/joint-fd-with-family-here-s-why-it-could-mean-a-tax-notice-for-you-too-125082201059_1.html Tax experts warn that Rule 114E (2) duplicates high-value deposits in AIS, leaving secondary joint holders like homemakers and seniors vulnerable to mismatch
*Promised a big refund? This income tax expert says it may come with a 200% penalty – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/promised-a-big-refund-this-income-tax-expert-says-it-may-come-with-a-200-penalty-487818-2025-08-05 The tactic is simple but risky: tax consultants inflate refunds by manipulating deductions or income figures and charge clients a cut—typically 10%—of the
*Freelancers, YouTubers, influencers: 5 tax traps you must avoid in AY 2025 26 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/freelancers-youtubers-influencers-5-tax-traps-you-must-avoid-in-ay-2025-26-487923-2025-08-05 As tax tracking tightens, freelancers and influencers must report all income — from UPI payments to brand deals — or risk penalties. Here’s
*Income Tax Dept has No Statutory Power to Cancel Sale Deeds : Madras HC Quashes Attachment Order [Read Order]
Clipped from: https://www.taxscan.in/top-stories/income-tax-dept-has-no-statutory-power-to-cancel-sale-deeds-madras-hc-quashes-attachment-order-1428712 The High Court took strong exception to this overreach. During the hearing, the Bench said there is no provision empowering the tax authorities
*7 ways to verify your ITR in 2025 — And why it’s more important than ever – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/7-ways-to-verify-your-itr-in-2025-and-why-its-more-important-than-ever-487417-2025-08-01 ITR filing 2025: Verifying your Income Tax Return (ITR) is now as important as filing it. In 2025, missing this crucial step within
*ITR filing: How a taxpayer beat a Rs 1.46 lakh penalty despite false deductions – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-how-a-taxpayer-beat-a-rs-146-lakh-penalty-despite-false-deductions-487020-2025-07-30 A salaried employee who under-reported half his income due to misreporting by his CA, walked free from a Rs 1.4 lakh tax penalty
*Think gifting to your spouse saves tax? Big mistake. Here’s what the law says – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/think-gifting-to-your-spouse-saves-tax-big-mistake-heres-what-the-law-says-486726-2025-07-29 Under Sections 60 to 64, income transferred to a spouse, minor child, or even a Hindu Undivided Family (HUF) may still be taxed
*Income tax refund in 4 hours: Taxpayers report ‘fastest-ever ITR processing’ – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-refund-in-4-hours-taxpayers-report-fastest-ever-itr-processing-3930005/ Many taxpayers this year are receiving their income tax refunds within just a few hours of filing their ITR online — a dramatic
*What is a double heart attack and why the second one is often more fatal | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/double-heart-attack-causes-symptoms-risk-prevention-young-patients-125072800545_1.html A rare fatal case involving a 9-year-old has renewed attention on recurrent heart attacks, which are increasingly seen among younger adults with unmanaged
*SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-to-discontinue-rs-1-cr-air-insurance-on-these-cards-check-list-125072500816_1.html Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms SBI CARD LOGO Listen to This Article SBI
*’Income Tax Department’ among top keywords on Google Trends amid ITR filing rush – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-department-among-top-keywords-on-google-trends-amid-itr-filing-rush-3927645/ ‘Income Tax Department’ has been trending on Google Trends this July, especially in the last 15 days, due to the ITR filing season
*Govt cracks down on crypto tax evasion using AI, collects ₹437 cr from VDAs in FY23 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/indian-government-crypto-tax-compliance-ai-data-analytics-virtual-digital-assets-486476-2025-07-26 The AI tools helped the Income Tax Department collect Rs 437 crore from virtual digital asset (VDA) income in FY 2022–23 alone. To
*Avoid penalties: Fix AIS discrepancies before submitting ITR; Here’s what to do – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ais-discrepancies-correction-income-tax-department-ay-2025-26-485186-2025-07-18 If your Annual Information Statement (AIS) shows incorrect data, it’s important not to ignore it. Errors or mismatches in the AIS can lead
*Got an I T notice after filing your return? Here’s how to decode and respond fast – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-notice-response-after-itr-filing-485913-2025-07-23 Receiving an income tax notice after filing your ITR can be unsettling—but it doesn’t always signal trouble. With digitisation of tax data, even
