Income Tax : This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification imp...
Corporate Law : Over-reliance on AI tools can lead to errors, data risks, and poor decisions. The key takeaway is to balance AI use with human exp...
Corporate Law : The policy limits AI to administrative and research roles while prohibiting its use in judgments or legal reasoning. It reinforces...
Income Tax : The article explains how AI-driven systems identify complex fraud patterns missed by manual audits. The key takeaway is that autom...
Corporate Law : The issue concerns changing consumer behaviour in food discovery. The article explains that AI-generated videos help restaurants c...
CA, CS, CMA : The message underscores how technological advancements like AI and digital finance are reshaping the profession. It highlights the...
Fema / RBI : The government informed Parliament that mule accounts are increasingly used in cyber frauds. RBI has introduced AI-based tools and...
Income Tax : The Income Tax Department conducted surveys across multiple cities after AI analysis revealed significant discrepancies between tr...
Corporate Law : India expands affordable AI access through subsidised compute, national datasets, and large-scale infrastructure. The initiative 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...
Goods and Services Tax : The High Court flagged serious flaws in a GST adjudication order that cited non-existent and unrelated judgments. It indicated the...
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...
A guide on how Chartered Accountants can use AI for tax, audit, and finance. It covers practical applications, a technical framework, and numerical examples.
An overview of how AI is being used to address challenges in corporate compliance in India. Learn how technology is improving risk management and financial accuracy.
An overview of tax developments, including the conditional tax exemption for NOIDA, the use of AI in detecting tax fraud, and how the Cost Inflation Index (CII) is calculated.
The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for e-verification and targeted campaigns has resulted in a significant increase in tax revenue.
A summary of how AI is reshaping the role of Company Secretaries in India, from automating compliance tasks to new responsibilities in governance and strategic advice.
An analysis of whether technology in GST benefits taxpayers and authorities equally, highlighting the digital divide and the disproportionate burden on businesses.
The Reserve Bank of India has released a report outlining the FREE-AI framework, a set of principles and recommendations for the responsible and ethical use of artificial intelligence in the financial sector.
India’s growing reliance on surveillance technologies has created a multifaceted dilemma. While these technologies can improve governance and security, they also pose significant threats to civil liberties and individual privacy.
AI and big data are enhancing business valuation by automating tasks and improving accuracy. This guide explores applications, implementation strategies, and best practices.
This summary explores how Artificial Intelligence can address current inefficiencies in India’s legal system, detailing its potential to streamline processes, simplify legal language, and improve access to justice.
