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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
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ChatGPT Writes Essays on Constitutional Law, Taxation, Passes Exams at US Law School
ChatGPT, the chatbot from OpenAI that has taken the internet by storm, has written essays on topics ranging from constitutional law to taxation and torts and passed exams at a US law school. A professor at Minnesota University Law School, gave ChatGPT the same test faced by students, consisting of 95 multiple-choice questions and 12 essay questions...
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ChatGPT Passes US Law School Exam, Writes Essays On Taxation, Constitution
A chatbot powered by reams of data from the internet has passed exams at a US law school after writing essays on topics ranging from constitutional law to taxation and torts
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Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
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India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
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OECD Drafts Rules to Standardise Crypto Data Sharing Among Global Tax Authorities
The Organisation for Economic Co-operation and Development (OECD) has proposed a set of laws circling around the taxation of crypto assets. The rules aim to clarify instructions on how global tax agencies exchange crypto-related data among themselves. The rules aim to bring cryptocurrencies under the international tax system.
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Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
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Lok Sabha Passes Bill To End All Retrospective Taxation, Rajya Sabha Next
A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.
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Parliament Live Updates: Calling Pragya Thakur Terrorist Worse Than Mahatma Gandhi's Murder, Says BJP
The winter session of parliament will today consider some bills for discussion and passing. They include Taxation Laws (Amendment) Bill, 2019. Finance Minister Nirmala Sitharaman is scheduled to move that the bill further to amend the Income Tax Act, 1961, and to amend the Finance Act, 2019, be taken into consideration.
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Centre To Introduce Bills On Corporate Tax In Lok Sabha Today
The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
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"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event
Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.
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ICAI CA Exam: Registration Closes Today
The CA exams will be held in November along with other exams like Insurance and Risk Management Technical exam, International Trade Laws and World Trade Organisation Part 1 exam and International Taxation Assessment exam.
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Lok Sabha Passes Bill To Make Excise, Customs Acts Compliant With GST
The Lok Sabha on Thursday passed a bill that will ensure continuance of levy of excise on petroleum products and abolition of cess on some other items following GST rollout from July 1. The Taxation Laws (Amendment) Bill, 2017 seeks to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Finance Act, 2001 and...
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Government To Notify Scheme For Taxing Black Money Holders This Week
Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.
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Married Women Allowed 500 Gram Gold, Unmarried Women 250 Gram, Clarifies Government
The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.
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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
-
ChatGPT Writes Essays on Constitutional Law, Taxation, Passes Exams at US Law School
ChatGPT, the chatbot from OpenAI that has taken the internet by storm, has written essays on topics ranging from constitutional law to taxation and torts and passed exams at a US law school. A professor at Minnesota University Law School, gave ChatGPT the same test faced by students, consisting of 95 multiple-choice questions and 12 essay questions...
-
ChatGPT Passes US Law School Exam, Writes Essays On Taxation, Constitution
A chatbot powered by reams of data from the internet has passed exams at a US law school after writing essays on topics ranging from constitutional law to taxation and torts
-
Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
-
India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
-
OECD Drafts Rules to Standardise Crypto Data Sharing Among Global Tax Authorities
The Organisation for Economic Co-operation and Development (OECD) has proposed a set of laws circling around the taxation of crypto assets. The rules aim to clarify instructions on how global tax agencies exchange crypto-related data among themselves. The rules aim to bring cryptocurrencies under the international tax system.
-
Australia Plans Crypto Taxation as Government Gears to Reform Payment Laws
The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.
-
Lok Sabha Passes Bill To End All Retrospective Taxation, Rajya Sabha Next
A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.
-
Parliament Live Updates: Calling Pragya Thakur Terrorist Worse Than Mahatma Gandhi's Murder, Says BJP
The winter session of parliament will today consider some bills for discussion and passing. They include Taxation Laws (Amendment) Bill, 2019. Finance Minister Nirmala Sitharaman is scheduled to move that the bill further to amend the Income Tax Act, 1961, and to amend the Finance Act, 2019, be taken into consideration.
-
Centre To Introduce Bills On Corporate Tax In Lok Sabha Today
The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
-
"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event
Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.
-
ICAI CA Exam: Registration Closes Today
The CA exams will be held in November along with other exams like Insurance and Risk Management Technical exam, International Trade Laws and World Trade Organisation Part 1 exam and International Taxation Assessment exam.
-
Lok Sabha Passes Bill To Make Excise, Customs Acts Compliant With GST
The Lok Sabha on Thursday passed a bill that will ensure continuance of levy of excise on petroleum products and abolition of cess on some other items following GST rollout from July 1. The Taxation Laws (Amendment) Bill, 2017 seeks to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Finance Act, 2001 and...
-
Government To Notify Scheme For Taxing Black Money Holders This Week
Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.
-
Married Women Allowed 500 Gram Gold, Unmarried Women 250 Gram, Clarifies Government
The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.
