In a significant legal ruling, the Income Tax Appellate Tribunal (ITAT) has dismissed the Congress party's appeal against an income tax demand of Rs 199 crore for the financial year 2018-19. The tax demand relates to party funds and stems from allegations of late filing of income tax returns and violations of cash donation limits. The ITAT ruled that the Congress party's return filed on February 2, 2019, was

The promise of AI revolutionizing work in 2025 has taken an unexpected turn. Instead of enhancing job opportunities, major tech firms have begun aggressively cutting jobs. From Amazon’s AWS division to Microsoft’s AI departments and Google’s search engineering teams, the shift toward automation is leaving thousands unemployed. Amazon, Microsoft, and Google Spark Layoff Wave

Many errors occur when taxpayers fail to complete all parts of the Excel utility properly. According to Mihir Tanna, Associate Director at S.K Patodia LLP, a common mistake is forgetting to fill in the last row of the Capital Gains schedule row F. It’s essential to enter the quarter-wise details and click the ‘Validate’ button at the top of the sheet. Without this step, your tax details, including capital gains and taxes, may not show up cor

Landing a job at major tech companies like Amazon, Microsoft, or Meta can seem like a daunting task, especially for newcomers. However, a former software engineer who has worked at all three companies shares three key insights that helped him succeed despite not having a typical tech background. His advice focuses on practical steps that can make a big difference in your job application journey.

In an unprecedented move in Silicon Valley, Meta CEO Mark Zuckerberg is offering jaw-dropping compensation packages, reportedly ranging from Rs 800 crore to Rs 1,600 crore, to recruit top AI researchers for its newly launched Superintelligence Lab (MSL). These offers are aimed at attracting the world’s best talent from firms like Apple, OpenAI, Google DeepMind, and Anthropic. Among the standout packages is the rumoured Rs 1,600 crore ($200 million) offer

Meta’s internal culture has come under sharp criticism following a powerful exit email from former AI researcher Tijmen Blankevoort, who compared the company’s environment to “metastatic cancer.” In a message shared internally and reviewed by The Information, Blankevoort described a toxic and fear-driven culture within Meta’s AI division, exacerbated by constant performance reviews, mass layoffs, and a lack of mission cla

Paying income tax every year can be burdensome for many, but did you know that, under the new tax rules, you may qualify to pay zero tax? The latest updates in India’s tax policies provide an opportunity for taxpayers to reduce their tax liabilities, potentially to zero, with proper planning. Finance Minister Nirmala Sitharaman’s 2025 Budget announcement revealed a significant change in the tax system that could benefit many taxpayers. Here’s

Meta is making a significant move in the AI sector by pouring up to $100 million into hiring top AI talent from companies like OpenAI, DeepMind, and Anthropic. This initiative is part of the launch of Meta’s Superintelligence Labs, which is looking to strengthen its AI capabilities by recruiting some of the brightest minds in the field. The AI experts hired by Meta bring with them a wealth of knowledge, expertise, and leadership experience in machine lea

If you’re wondering whether filing your Income Tax Return (ITR) early will help you get your tax refund faster, the answer is generally yes as long as your return is correct, complete, and verified on time. Filing early ensures that your return is processed smoothly, especially during the less congested period before the September 15, 2025 deadline. Why Early Filing Increases Your Chances of a Quicker R

A Bay Area couple is facing stress and frustration after a costly mistake nearly caused them to overpay $30,000 to the Internal Revenue Service. The error, made while attempting to submit their estimated 2025 tax payment early, has led to bounced checks, a financial penalty, and weeks of confusion with no clear resolution in sight. Joy and Kenneth Hays, residents of Livermore, California, were trying to make an early payment on their taxes, expecting to pay $3,360. But a simple mi

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

Filing your income tax return (ITR) for the first time is a milestone in financial responsibility, but it also comes with its share of confusion and potential pitfalls. From choosing the correct form to verifying the return, a few missteps can delay refunds or even invite scrutiny from the Income Tax Department. With the ITR filing season for Financial Year 2024–25 now open, new taxpayers must stay alert and informed.

Trapit Bansal, an IIT-Kanpur alumnus and former OpenAI researcher, has officially joined Meta's newly established Superintelligence Labs (MSL). Bansal’s hiring is part of Meta’s aggressive push to develop artificial general intelligence (AGI) and rival industry giants like OpenAI, Google DeepMind, and Anthropic. As part of his new role, Bansal will bring his expertise in deep learning, meta-learning, and natural language processing to help Meta

Starting July 1, 2025, several important changes in the financial sector will come into effect, impacting individual taxpayers, bank customers, and railway travelers. These changes include new regulations for Aadhaar-PAN linking, increased banking fees, and adjustments in railway ticket prices. Below are some of the key updates that individuals should be aware of: Aadhaar-PAN Linking

Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.

Santa Clara came alive this weekend as Metallica headlined back-to-back concerts at Levi’s Stadium, delivering two nights of high-octane performances that drew fans from across the globe. Although the iconic metal band was originally formed in Los Angeles, San Francisco has long been their spiritual home, making this Bay Area stop particularly meaningful for both the band and their loyal followers. The double-header event was part of Metallica's ongoing global tour and celebrated th

Pre-filled Income Tax Return (ITR) forms, introduced by the Income Tax Department, are designed to make tax filing simpler for individuals by auto-filling key financial details. These forms collect data from reliable sources such as your PAN, Aadhaar, Form 16 issued by employers, Form 26AS, and the Annual Information Statement (AIS) to pre-load income, tax paid, deductions claimed, and bank account information. However, despite the convenience, these pre-fille

Meta Platforms has announced the launch of its first-ever Gaming Accelerator program in India, signaling a major investment in the country’s growing game development ecosystem. The program, which targets small and medium game developers and studios, aims to empower Indian talent with cutting-edge tools, AI support, and access to venture capital, placing them on the global gaming map. In the accelerator’s

Meta Platforms has announced Arun Srinivas as its new India Head, a move expected to strengthen the company’s position in one of its fastest-growing markets. The decision comes amid the surge in digital advertising in India and Meta’s expanding user base across its platforms like Facebook, Instagram, and WhatsApp. With a strong background in FMCG, tech, and private equity, Srinivas brings a blend of strategic vision and operational expertise to the

Meta has filed a lawsuit against Hong Kong-based company Joy Timeline HK Ltd, accusing it of promoting the controversial CrushAI app through Facebook advertisements. This app, according to Meta, creates non-consensual AI-generated nude images often targeting women by altering submitted photographs. The lawsuit was initiated in Hong Kong, where the firm is based, and aims to halt further promotion of these apps across Meta’s platforms.