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Source: Live Mint In case you forgot to report some income while filing tax returns anytime in the past four fiscal years, Budget 2025 has good news. The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only…
Source: The Verge When you yell “Can you just Google it?” at your AI assistant, it’s fair to say that the AI assistant is not doing its job. I was browning some beef on the stove and trying to determine when my husband’s flight was landing. I didn’t have the flight number, but there are…
Source: Live Mint The Union Budget 2025-26 did not introduce any significant relief for cryptocurrency investors, maintaining the 30 per cent tax on crypto gains and the 1 per cent TDS on transactions. However, Finance Minister Nirmala Sitharaman proposed an amendment to the Income Tax Act, mandating that a designated reporting entity disclose transaction details…
Source: Live Mint Taiwan has prohibited all government agencies and critical infrastructure providers from using AI technology developed by Chinese startup DeepSeek, citing security risks. The island’s Ministry of Digital Affairs issued a statement on Friday, warning that DeepSeek’s operations pose threats such as cross-border data transmission and potential information leaks. DeepSeek gained global attention…
Source: Bitcoinist The Arkansas legislature has rejected a proposed bill that intended to prohibit cryptocurrency mining in close proximity to military installations. The Senate City, County, and Local Affairs Committee of the state denied the measure by a 6-1 vote, thereby halting efforts to impose restrictions on mining operations situated within a 30-mile radius of…
Source: Live Mint In addition to lowering income tax payable by individuals, Budget 2025 gave citizens relief by raising the threshold for tax deducted at source (TDS) and removing conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens as the paperwork they need to complete…
Source: Bitcoinist The crypto market is heating up, and meme coins are stealing the spotlight once again. With an XRP ETF likely coming in 2025—an event that could open floodgates for altcoin adoption—and Strike CEO Jack Mallers being ultra-bullish on Bitcoin, the market sentiment is turning electric. Mallers believes Bitcoin will continue its long-term ascent…
Source: Live Mint The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system, providing relief to the harried middle-class salaried taxpayer. But does this necessarily mean better savings for taxpayers? Or does it merely mark a shift away from traditional deductions, which the old…
Source: Live Mint This means that AIF income, previously treated as business income, will now be considered capital gains. While capital gains are taxed at 12.5%, the highest business income tax slab is 30%. The amendment is significant given that, according to data from the Securities and Exchange Board of India (Sebi), more than 1,400…
Source: Coin Tegraph Ether faces significant resistance at $3,400, with over $1 billion worth of cumulative leveraged shorts set to be liquidated. Read Full Article
