Introduction: An Indian entrepreneur’s groundbreaking startup has attracted global investor attention by pioneering a revolutionary way for consumers to book services using advanced conversational artificial intelligence (AI) software. Anuj Gupta’s GreenVan offers a simple WhatsApp interface and aims to transform the online booking process for essential tasks, positioning itself as the “Amazon of Services.” This innovative concept was inspired by Gupta’s personal experience of the laborious process of finding reliable tradespeople when he relocated from […]

Introduction The Indian government has introduced a new exemption from capital gains tax for units of investment trusts and exchange traded funds (ETFs) issued by entities based in Gujarat International Finance Tec-City (GIFT City) or traded in exchanges there. This move aims to promote GIFT City as a tax-neutral enclave for the financial sector.   Exemption Details The Central Board of Direct Taxes (CBDT) has notified the exemption for the following: Units of investment trusts […]

Introduction Startup, In the fast-paced world of Indian startups, the term “hustle” has become increasingly popular. However, its meaning can vary, causing confusion and potential ethical concerns. In this article, we aim to shed light on the different interpretations of the word and emphasize the need for clarity and responsible entrepreneurship. The Dual Meaning of “Hustle” On one hand, “hustle” represents positive qualities such as efficiency, hard work, and entrepreneurial spirit. It describes the drive […]

Understanding the Taxability and Benefits of Selling Foreign Listed Shares in India As Indian investors expand their investment portfolios to include shares listed on foreign stock exchanges, it is crucial to be aware of the tax implications that may arise from such transactions. By understanding the tax rules and benefits, Indian residents can confidently navigate the complexities of selling shares on foreign stock exchanges.   Tax Classification: Long-Term vs. Short-Term Capital Gains Shares listed on […]

As the world continues to innovate and integrate artificial intelligence (AI) technology into society, concerns surrounding its ethical implementation have arisen. At the recently held Group of 20 (G20) summit, global leaders engaged in discussions about how to utilize AI for economic development while promoting human rights and protecting society’s best interests.   Prime Minister Narendra Modi, who hosted the summit, suggested the creation of a “human-centric” framework for AI governance, highlighting the importance of […]