Google continues to push the envelope with its advancement in the field of AI thanks to divisions like DeepMind that have been entrusted with building new AI solutions. And recently the large language model (LLM) from DeepMind was able to solve a complex Maths problem which many thought was unsolvable. The interesting thing about the…
The RBI on Wednesday introduced a Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts with various e-commerce applications. At present, a CoF token can only be created through the merchant’s application or webpage. For a CoF,…
Netflix officially began its crackdown on password sharing in the US. The streaming service is sending out emails to all US subscribers who share passwords with another user outside their household to limit the act. “Your Netflix account is for you and the people you live with — your household,” Netflix wrote in the email….
The Employees’ Provident Fund is one of the most popular retirement fund options available for salaried employees in India. As a part of this, employees contribute 12 per cent of their basic salary, and an equal contribution is also made from the employer’s end towards their EPF accounts. The contributions are accumulated over time and…
In recent days, Byju’s has been in the headlines for all the wrong reasons. the Bengaluru-based ed-tech startup faced flak for firing people in large numbers, and not paying its employees the provident fund for months. As per media reports, Byju’s has cleared 97% ( ₹123.1 crore) of dues after the EPFO probe into delayed…
TR refund: Due date for income tax return (ITR) filing is 31st July 2023. Who is entitled to get a refund, what are the taxation rules of ITR? And how to claim your refund? In this article, I wish to discuss various aspects of income tax refund under the Income Tax Act. 1)When you are…
The Reserve Bank of India on Thursday issued revised norms to streamline the process of bill payments, enable greater participation, and enhance customer protection. These directions will apply from April 1, 2024, to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. The central bank has issued the revised ‘Reserve Bank of India…
The Central Board of Direct Taxes (CBDT) has issued a notification specifying the process consultants, professionals – having business income– should follow to continue with the old tax regime from the current financial year, i.e., FY 2023-24. The change in the process has been introduced as from this financial year, the new tax regime has…
Interest component of home loan for one let out house comes to around Rs. 3.50 lakhs. I receive a monthly rent of ₹15,000 p.m. I stay in a rented house. Under the circumstances can I claim loss from the house let out by me as deduction against my salary income? For computing taxable income, you are…
A pair of train services will be partially cancelled on 29 June due to the engineering works in the Guntakal Division of South Central Railway, Southern Railways has said as reported by ANI. As per the information shared Train No. 22616 from Coimbatore Junction-Tirupati and 22615 from Tirupati-Coimbatore Junction has been partially cancelled on 29…