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New Income Tax Act: CBDT issues FAQs on pending tax cases, TDS and transition rules
Why the Income Tax Department is opposing a same-sex couple's plea for spousal tax benefits
Tata Motors outlines massive 10-fold growth roadmap, targets $100 billion revenue
The Institute of Chartered Accountants of India (ICAI) has partnered with home-grown start-up Sarvam AI to develop a dedicated large language model (LLM) tailored specifically for chartered accountants (CAs). The institute aims to create a domain-specific, sovereign AI platform that enables CAs to leverage AI while safeguarding confidential client information, ICAI president Prasanna Kumar D. said on Friday.
Chief Economic Advisor V Anantha Nageswaran on Monday said the audit of fund flow to Panchayati Raj Institutions (PRIs) by Comptroller and Auditor General of India (CAG) of Panchayati Raj Institutions will improve their functioning and enhance ease of living at the rural level. "The CAG audit would tell us state by state, function by function, where we actually stand. It would create an evidence base that does not currently exist, and it would create accountability for the gap between constitutional intent and administrative reality," he said here.
