Clipped from: https://www.thehindubusinessline.com/news/real-estate/ibbi-unlocks-stalled-homes-possession-now-possible-during-insolvency/article69184083.ece In a game-changing move, homebuyers can now take possession of their properties while insolvency proceedings continue, ending years of uncertainty. In a big
Category: Seven Star
*******“I don’t think the fear of AI is necessary,” says IMF ED Subramanian – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ai-will-have-far-more-impact-on-white-collar-jobs-while-previous-innovations-had-impact-on-blue-collar-jobs-imf-ed-subramanian/article69184277.ece “Whenever there is an innovation that comes, we react with complacency or with fear,” he said Whenever there is a technological advance, there’s
*******Sober Budget, amidst middle class euphoria – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/sober-budget-amidst-middle-class-euphoria/article69184978.ece The middle class would also be expecting an MPC rate cut for its consumption, but RBI needs to factor in stubbornly high inflation
*******Policy rate: To cut or not to cut – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/policy-rate-to-cut-or-not-to-cut/article69184867.ece Given the current growth and investment slowdown, at least a 25 bps cut would be in order Change is a time for renewed
*******Section 263 notice is invalid if the original order ceases to exist: ITAT Jaipur
Clipped from: https://taxguru.in/income-tax/section-263-notice-invalid-original-order-ceases-exist-itat-jaipur.html Dinesh Kumar Chaurasia Vs ACIT (ITAT Jaipur) The case of Dinesh Kumar Chaurasia vs. ACIT (ITAT Jaipur) revolved around the invocation of Section 263 of
*******Revision u/s. 263 justified as claim accepted without any enquiry: Kerala HC
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
*******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
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