Clipped from: https://taxguru.in/income-tax/revision-u-s-263-justified-claim-accepted-enquiry-kerala-hc.html Cochin International Airport Ltd. Vs ACIT ( Kerala High Court) Kerala High Court held that revision proceedings under section 263 of the Income
Category: Seven Star
*******Deepseek AI: How open-source AI is disrupting big tech’s monopoly
Clipped from: https://indianexpress.com/article/explained/explained-sci-tech/deepseek-open-source-ai-big-tech-9803764/ Chinese AI company DeepSeek has been creating ripples across the world. Here’s a look at what’s making it the most cost-efficient alternative to
*******As Chinese AI startup DeepSeek shakes up Silicon Valley, there could be implications for India, others in the fray | Business News – The Indian Express
Clipped from: https://indianexpress.com/article/business/deepseek-chinese-ai-startup-india-9802997/?ref=hometop_hp DeepSeek was started by hedge fund manager Liang Wenfeng in 2021, when he started buying thousands of Nvidia graphic processing units for what
*******Has China achieved AI breakthrough with DeepSeek? – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/has-china-achieved-ai-breakthrough-with-deepseek/article69149978.ece High-flyer, a little-known Zhenjiang-based hedge fund that used AI for trading, has developed a language model that has upended the world of AI
*******AI and jobs in India – Opinion News | The Financial Express
lipped from: https://www.financialexpress.com/opinion/ai-and-jobs-in-india/3726955/ Acceleration of advances in AI can be a reminder that the range of productive jobs and the skills needed for them is much
*******DPDP rules fuel startup rush in consent management space – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-dpdp-rules-fuel-startup-rush-in-consent-management-space-3726920/ Venture capital-backed startups such as Leegality, Signzy, IDfy, and 1Kosmos are positioning themselves to tap this opportunity, which industry experts predict could be
*******India’s top websites falling short on cookie consent, reveals ASCI – Brand Wagon News | The Financial Express
Clipped from: https://www.financialexpress.com/business/brandwagon-indias-top-websites-falling-short-on-cookie-consent-reveals-asci-3728830/ ASCI’s latest report highlights the challenges Indian businesses face in complying with cookie consent requirements under India’s new Digital Personal Data Protection Act.
*******Simplified Summary of Landmark Capital Gain Tax Cases: Part B
Clipped from: https://taxguru.in/income-tax/simplified-summary-landmark-capital-gain-tax-cases-part-b.html 1. Further to the article Capital Gain Tax Exemption on Residential Property: Land Mark Judgment PART A, This article delves into landmark judgments clarifying
*******Capital Gain Tax Exemption on Residential Property: Landmark Judgments – Part A
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-residential-property-landmark-judgments-part-a.html This article explores landmark judgments on capital gain tax exemptions under Sections 54 and 54F of the Income Tax Act, focusing on investments
*******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
*******Taxability of Capital Gains Under a Joint Development Agreement
Clipped from: https://taxguru.in/income-tax/taxability-capital-gains-joint-development-agreement.html For property owners seeking to commercialize their land, Joint Development Agreements (JDA) are one of the most sought out options. These agreements have
*******Capital Gain Tax After Reinstatement of Indexation Benefit
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-reinstatement-indexation-benefit.html Summary: Finance Bill, 2024 introduced key amendments to Section 112 of the Income Tax Act, reducing the long-term capital gains tax rate from 20% to
*******Capital Gain Tax Exemption on Property under Redevelopment
https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html 1. Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital,
*******GST Notices Sent to Wrong Address Not Considered Properly Served, Even If Not Undelivered
Clipped from: https://taxguru.in/goods-and-service-tax/gst-notices-wrong-address-considered-properly-served-undelivered.html Champions Steel Industries Private Limited Vs Union of India (Bombay High Court) The case Champions Steel Industries Pvt. Ltd. vs. Union of India involved the
*******Tax disputes: India’s struggle with amnesty schemes – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-disputes-indias-struggle-with-amnesty-schemes/3725411/ As amnesties have limited utility, simplified rules and an efficient resolution mechanism will help. The backlog of appeals at various layers of tax
*******Income Tax Rules 2025: 5 major changes in the last 6 months every taxpayer should know! – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-rules-5-major-changes-in-the-last-6-months-every-taxpayer-should-know-3724749/ With Budget 2025 just around the corner, taxpayers eagerly anticipate what’s in store for their financial planning. The previous budget presented in July
*******Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/triplex-flat-constitutes-single-residential-unit-section-54-exemption-itat-mumbai.html Bhaskar Prataprai Shah Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai addressed the appeal of Bhaskar Prataprai Shah regarding the rejection
*******Harvest tax-free capital gains – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/harvest-tax-free-capital-gains-3718334/ Investors with a large portfolio of stock and equity mutual funds will have higher incremental gains. They must harvest the gains to ensure
*******Section 54F Exemption denied for delay in Construction Beyond Statutory Timeline
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-denied-delay-construction-statutory-timeline.html Smt. Lekha Reddy Mettu Vs ACIT (ITAT Hyderabad) In the case of Smt. Lekha Reddy Mettu vs. ACIT (ITAT Hyderabad), the Tribunal addressed appeals
*******No way to declare exempt gift in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/no-way-to-declare-exempt-gift-in-itr-3719690/ Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from tax, irrespective of their value.
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