Corporate Law : Examines whether works created using generative AI meet India’s legal standards of originality and authorship under existing cop...
Corporate Law : Examines AI’s impact on revenue projections, cost structures, and long-term valuation assumptions. Takeaway: AI can enhance anal...
CA, CS, CMA : Explains why financial institutions must shift from periodic audits to embedding continuous controls in AI systems. Key takeaway: ...
Corporate Law : This explains how AI allows auditors to examine entire transaction populations instead of samples. The key takeaway is improved au...
Goods and Services Tax : The Court held that presumptions under Sections 132(4A) and 292C of the Income Tax Act apply only to income-tax proceedings. GST a...
Income Tax : The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for e-verification and targeted campaigns...
Corporate Law : The government has no plans to revise the ₹5,000 tax limit for preventive health check-ups. AI-based health initiatives focus on...
Corporate Law : To combat online financial fraud, RBI has launched an AI-based tool, ‘MuleHunter,’ to identify money mules and has advised fin...
Corporate Law : MCA V3.0 enhances digital corporate compliance with web filings & e-Adjudication. Over 60 lakh users benefit. CCI studies AI’s i...
Corporate Law : Over 21 lakh companies benefit from the MCA V3.0 portal. The Government has also commissioned a study on AI's impact on anti-compe...
Company Law : Bombay High Court held that revisionary order which set aside eviction order is not sustainable in law. Court also held that using...
Income Tax : Bombay High Court sets aside NFAC’s ₹27.91 crore assessment on KMG Wires Pvt. Ltd., citing non-consideration of key evidence a...
Income Tax : Bombay High Court directs tax revision for an AI-generated invalid return order lacking reasoning, stressing natural justice and h...
Corporate Law : In present facts of the case, the Hon’ble High court observed that ChatGPT cannot be the basis of adjudication of legal or factu...
SEBI : SEBI’s circular enables existing AIFs to convert to AI-only or LVF schemes, enhancing operational flexibility while requiring in...
Fema / RBI : The Reserve Bank of India has released a report outlining the FREE-AI framework, a set of principles and recommendations for the r...
Fema / RBI : RBI sets up a committee to create a framework for responsible AI use in the financial sector, focusing on governance, risks, and a...
How AI-powered tools streamline GSTR-2A & GSTR-2B reconciliation for Chartered Accountants. Learn about automated GST reconciliations for seamless GST compliance.
Anthropic CEO warns AI could displace half of entry-level white-collar jobs. Learn about the potential economic impact and proposed solutions for workforce adaptation.
Explore how AI can streamline complex GST compliance tasks like return filing, notice responses, and data reconciliation, while highlighting the need for human verification.
जीएसटी प्रैक्टिस में एआई से लाभ संभव, पर गलत जानकारी (hallucination) से सतर्क रहना जरूरी है। व्यवहारिक सुझावों के साथ पूरी जानकारी पढ़ें।
CBDT introduces AI/ML for ITR scrutiny selection. Automated risk scoring based on data mismatches demands greater accuracy from taxpayers and CAs.
Cost auditors play a vital role in ensuring the accuracy of financial records and cost statements, helping businesses to operate transparently and in accordance with law.
Learn how AI tools like ChatGPT and Excel Copilot are revolutionizing chartered accountancy, improving productivity, automating tasks, and enhancing decision-making.
Bombay High Court directs tax revision for an AI-generated invalid return order lacking reasoning, stressing natural justice and human oversight.
Explore key AI and data privacy legal developments in India since 2024, including the DPDP Act, TRAI rules, court cases, and global AI regulations.
The government has no plans to revise the ₹5,000 tax limit for preventive health check-ups. AI-based health initiatives focus on early disease detection.
