Month: April 2024

CBDT to reopen cases linked to false HRA claims? Income tax body issues clarification, says ‘any apprehensions about…’

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CBDT to reopen cases linked to false HRA claims? Income tax body issues clarification, says ‘any apprehensions about…’

Rejecting media reports suggesting the large-scale reopening of cases related to incorrect house rent allowance (HRA) claims, the Central Board of Direct Taxes (CBDT) on Monday, April 8 clarified that “apprehensions about retrospective taxation on these matters and re-opening of cases are completely baseless.”  Also Read: Income Tax: Rent paid to spouse can be claimed … Read more

Scientists have trained an AI through the eyes of a baby

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Scientists have trained an AI through the eyes of a baby

For decades linguists have argued over how children learn language. Some think that babies are born as “blank slates” who pick up language simply from experience—hearing, seeing and playing with the world. Others argue that experience is not enough and that babies’ brains must be hardwired to make acquiring language easy. AI models such as … Read more

Expert view: Expect a superior earning growth trajectory in FY25; see IT as contra play, says Manoj Bahety of Carnelian

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Expert view: Expect a superior earning growth trajectory in FY25; see IT as contra play, says Manoj Bahety of Carnelian

After a stellar FY24, what should be our expectations from the market for FY25? Are you positive about the market or do you expect a significant correction? While a large part of valuation rerating is done in FY24, we expect a superior earning growth trajectory driving market growth during FY25 and beyond.  We foresee a … Read more

Personal loans vs credit cards: How to choose between the two?

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Personal loans vs credit cards: How to choose between the two?

Credit cards: Revolving credit Personal loans: Instalment credit With a credit card, you are approved for a credit limit, and you can borrow up to that limit multiple times as long as you make at least the minimum payment each month. Interest is usually applied to any remaining balance at the end of your billing … Read more

Tweaking political content with AI? Govt, Big Tech are watching

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Tweaking political content with AI? Govt, Big Tech are watching

Union IT minister Vaishnaw confirmed the meetings, in response to Mint’s queries. Since participating in these meetings, Google and Meta have both published notes on tackling AI-altered content and advertisements on intermediary, search and conversational AI platforms, which include ChatGPT, Facebook, Gemini, Google Search, Instagram, WhatsApp and YouTube, among others. Each of these firms were … Read more

Stocks to Watch: Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan

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Stocks to Watch: Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan

Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more

Will investing in bonds be made easier in India?

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Will investing in bonds be made easier in India?

Indian investors love fixed income, and equity. Bonds, however, have not made the cut yet. The discomfort to invest in bonds is further accentuated due to lack of information and illiquidity. Having twin regulators at the helm— with the Reserve Bank of India (RBI) supervising government bonds and market regulator Sebi overseeing corporate bonds—has not … Read more

Investors keep the faith in Indian social startups, eye GenAI models

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Investors keep the faith in Indian social startups, eye GenAI models

Since the beginning of this year, five startups with AI-driven social products have received cumulative funding of $27.8 million in seed and Series A rounds in addition to one undisclosed round, according to data from research platform Tracxn. They are social platform Plutus, social media apps Hunch and Explurger, stock-focused social platform OpiGo, and professional … Read more

Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

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Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about … Read more

Tax implications for joint property owners

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Tax implications for joint property owners

My wife and I are joint holders of two properties (one being self-occupied and the other let out for rent). Can the entire rental income from our jointly owned properties be declared as my income for tax filing purposes, or is it obligatory to split it between us? Considering my wife’s sole income source is … Read more