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IT Department uses AI to identify fake donation claims | Mint Primer | Mint

Saving On Taxes By Resorting To Fake Donations And Deductions May Soon Be A Thing Of The Past With The Income Tax Department Now Assessing Income Tax Returns (Itrs) Using Artificial Intelligence (Ai). The Department Is Currently Conducting Reassessments Of A Significant Number Of Income Tax Returns. Specifically, It Is Placing Emphasis On Cases Where Taxpayers Have Claimed Deductions For Donations Made To Charitable Trusts And Political Parties During The Fiscal Year 2019.

3 Jul 2023
Lounge

Help these non-profits care for the vulnerable during covid-19

Sing for a good cause, raise funds for artisans, or sponsor a meal for strays—there are many ways in which you can offer relief to the vulnerable during the pandemic

4 min read27 Apr 2020
News

Covid-19: SAIL gives ₹30 crore to PM CARES; employees donate a day’s salary

Employees' contribution amount to approximately ₹9 croreThe company has also provided ICU beds, isolation beds, quarantine facilities, and sanitizers

1 min read31 Mar 2020
News

Don’t just dump it!

What to do with your old gadget when you're upgrading to a new one

3 min read1 Nov 2016
Science

FDA recommends Zika testing for all blood donated in US

FDA said there was a risk that people without symptoms of Zika could donate blood and transmit the virus

5 min read27 Aug 2016
Mint-lounge

Facebook Donate button makes charity easier

Non-profit organizations can add it to their page on Facebook, or in an advert that will show up on user timelines

2 min read27 Aug 2015
Politics

AAP out of cash, Kejriwal appeals public to donate money

Kejriwal justified his public appeal saying that AAP does not intend to fill its coffers adopting wrong means

1 min read8 Nov 2016
Industry

Apple’s Tim Cook will give away all his money

Fortune magazine cited Cook as saying he planned to donate his estimated $785 million fortune to charity

1 min read27 Mar 2015
Companies

HP shuffles top ranks, dashes 2014 growth hopes

HP records revenue of $27.2 billion in the fiscal third quarter, down from $29.7 billion a year earlier

3 min read22 Aug 2013
Mint-lounge

Dancers, freeze here

Dancers, freeze here

1 min read1 Jun 2012
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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