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  • AI Transforms Cybersecurity with Advanced Threat Detection and Response

    Poli Reddy Reddem

    In today’s world of escalating cyber threats, artificial intelligence is emerging as a transformative force in protecting digital assets. Poli Reddy Reddem, a cybersecurity expert currently working in the medical technology sector, explores groundbreaking developments in AI-powered security solutions.

    The Rising Cost of Digital Defense
    Data breach costs have reached alarming levels, hitting $4.45 million in 2024, representing a 15% increase over three years. This surge in financial impact has pushed organizations to seek advanced security measures. AI-powered security systems have emerged as a cost-effective solution, delivering impressive results in breach prevention and mitigation. Organizations implementing these intelligent systems report a dramatic 74.5% reduction in breach-related costs compared to those using traditional security methods. This significant cost difference stems from AI’s ability to detect threats earlier, respond faster, and prevent more sophisticated attacks that often lead to costly data breaches. The technology’s effectiveness in reducing financial impact while improving security posture has made it an essential investment for organizations aiming to protect their digital assets.

    Smart Systems Lead the Way
    The technology’s ability to detect and respond to threats has become so crucial that 69% of organizations now acknowledge they cannot effectively address critical cybersecurity threats without AI support. These intelligent systems are revolutionizing traditional security approaches with unprecedented accuracy and speed.

    Advancing Threat Detection
    AI algorithms have revolutionized threat detection through advanced pattern recognition and real-time monitoring capabilities. These intelligent systems track network behavior, user activities, and resource usage to identify potential security risks. The technology demonstrates remarkable accuracy, successfully identifying 99.9% of known threats and achieving a 98.7% detection rate for new, previously unseen threats. This level of precision marks a significant advancement in cybersecurity defense mechanisms.

    The Power of Behavioral Analysis
    AI’s capabilities extend to analyzing user behavior patterns, offering deep insights into potential security threats. By examining login attempts, file access behaviors, and communication patterns, these systems can detect insider threats and compromised accounts that might evade traditional security measures, reducing attacker detection time by 53%.

    Future Prospects
    The AI cybersecurity market is poised for remarkable growth, projecting an increase from $8.8 billion in 2019 to $38.2 billion by 2026. Predictive threat intelligence powered by AI is expected to reduce threat detection time by up to 12% while increasing prediction accuracy by 60% compared to traditional methods.

    Overcoming Implementation Hurdles
    The journey isn’t without challenges. Organizations must address concerns about data bias, system transparency, and potential adversarial attacks. The industry also faces a significant skills gap, with only 12% of cybersecurity professionals possessing advanced AI/ML skills.

    Strategic Development
    Progress requires a balanced approach focusing on technological advancement while addressing ethical considerations. Organizations are prioritizing transparent and accountable AI systems, with 73% making it a key priority and 66% emphasizing data protection and privacy in their AI initiatives.

    Building Collaborative Solutions
    The evolution of AI cybersecurity requires collaborative efforts across multiple sectors. Strong partnerships between industry experts, educational institutions, and government bodies are
    driving innovation forward. This cooperation has led to expanded specialized training programs and enhanced public-private initiatives, helping bridge the critical skills gap in the field.

    In conclusion, the integration of AI in cybersecurity represents a pivotal shift in digital defense strategies. While implementing these advanced systems presents challenges, from data bias to skills gaps, their transformative potential cannot be ignored. As Poli Reddy Reddem illustrates, AI’s ability to enhance threat detection, automate responses, and adapt to emerging threats makes it indispensable for modern cybersecurity. With continued technological advancement and responsible development practices, AI promises to build more resilient digital defenses for our interconnected future.

  • How Term Insurance Empowers SMEs in an Uncertain World

    How Term Insurance Empowers SMEs in an Uncertain World

    SMEs (Small and Medium Enterprises) are the backbone of any thriving economy, driving innovation, creating jobs, and contributing significantly to the GDP. In India alone, over four crore Udyam registered SMEs form a crucial part of the economic landscape, as highlighted in the 2023 MSME Annual Report by the Ministry of MSME. However, these dynamic entities often operate with limited resources and face unique vulnerabilities, making robust risk management strategies essential for their survival and growth.

    One of the most significant risks SMEs face is the potential loss of a key person – a founder, owner, or crucial employee whose expertise and contributions are vital to the business’s operations. The untimely demise of such an individual can lead to financial instability, operational disruptions, and even the closure of the business.

    Term Insurance: An Important Safety Net for SMEs

    Term insurance has emerged as a cost-effective and powerful tool for SME owners to mitigate this critical risk. Unlike traditional life insurance policies that combine protection with investment components, term insurance focuses solely on providing a substantial death benefit in exchange for affordable premiums. This makes it an ideal solution for SMEs seeking maximum protection without straining their finances.

    Key Benefits of Term Insurance for SMEs

    • Business Continuity: The payout from a term insurance policy can provide crucial financial support to cover immediate expenses, outstanding debts, and operational costs, ensuring the business can continue functioning during a challenging transition period.
    • Securing Loans and Investments: Lenders and investors often view businesses with comprehensive risk management strategies more favourably. Term insurance can enhance an SME’s creditworthiness and attract potential investors by demonstrating a commitment to financial stability.
    • Attracting and Retaining Talent: Offering term insurance as part of an employee benefits package can significantly boost employee morale and loyalty. It demonstrates a commitment to their well-being and provides peace of mind for their families, making the business more attractive to top talent.
    • Succession Planning: Term insurance can play a vital role in succession planning by providing the necessary funds for a smooth transfer of ownership or leadership, ensuring the long-term sustainability of the business.

    The Role of Term Insurance in Business Loan Protection

    Securing funding is essential for SME growth and expansion. Term insurance plays a crucial role in facilitating access to business loans and protecting both the lender and the borrower.

    • Meeting Lender Requirements: Many financial institutions require borrowers, especially SMEs, to have adequate life insurance coverage as a condition for loan approval. This requirement protects the lender’s investment in case of the borrower’s untimely demise. Term insurance is a cost-effective way to meet this requirement, making it easier for SMEs to secure the necessary financing for their operations and growth initiatives.
    • Protecting Business Assets and Stakeholders: In the event of the borrower’s death, outstanding business loans can become a significant financial burden for the family or other stakeholders. Term insurance provides a financial safety net to repay the outstanding loan amount, preventing the business from defaulting and protecting personal assets from being liquidated to cover the debt. This provides peace of mind for both the business owners and their families, ensuring that the business’s financial obligations are met even in unforeseen circumstances.

    Some Common Misconceptions About Term Insurance for SMEs

    Many SMEs hesitate to purchase term insurance due to common misconceptions. Addressing these myths is crucial to highlighting the true value of this essential pure protection plan.

    • Myth: Term insurance is only for large corporations with extensive resources. 
      • Reality: This is a misconception. In fact, term insurance is often more critical for SME owners. Larger corporations typically have diversified teams, robust financial reserves, and established succession plans. SMEs, on the other hand, often rely heavily on a few key individuals. The loss of even one key person can create a significant operational and financial void. Term insurance provides a financial cushion to help the business navigate this challenging period, ensuring continuity and stability.
    • Myth: Term insurance is too expensive for a small business budget. 
      • Reality: Term insurance is one of the most affordable forms of life insurance available. Because it focuses solely on providing a death benefit without any investment component, premiums are significantly lower compared to other life insurance This makes it a cost-effective solution for even the most budget-conscious SMEs. The cost of not having term insurance in the event of a key person’s passing, far outweighs the relatively small expense of the premiums.
    • Myth: My business is too small to need term insurance; it’s only necessary for established, large businesses. 
      • Reality: The size of a business is not the determining factor for needing term insurance. The impact of losing a key person is felt proportionally across businesses of all sizes. A small business can be severely disrupted if a founder, owner, or key employee dies. Term insurance provides a financial safety net to help the business survive this disruption, cover immediate expenses, and allow time for adjustments and transitions.

    Navigating the World of Term Insurance with Policybazaar

    Choosing the right term insurance plan can be complex, with various factors like coverage amount, policy term, and add-on riders to consider. This is where Policybazaar, India’s leading online insurance marketplace, simplifies the process for SMEs.

    Policybazaar’s user-friendly platform allows business owners to:

    • Compare Plans from Top Insurers: Explore a wide range of term insurance offerings from various insurance providers, all in one place.
    • Get Expert Advice: Access expert guidance and support to understand the nuances of different policies and choose the most suitable option for their business needs.
    • Save Time and Money: Quickly compare premiums, coverage features, and policy terms to find the best value for their investment.

    Empowering SMEs for a Secure Future

    By incorporating term insurance into their risk management strategy, SMEs can safeguard their operations, protect their employees, and build a more secure future for their businesses. Policybazaar empowers these vital economic players to make informed decisions and access the protection they need to thrive in an increasingly competitive and unpredictable world.


    Bhumika Lenka

  • PAN Card: Do You Know the Difference Between PAN, TAN and TIN card numbers? All you need to know


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    What Is The Difference Between PAN TAN And TIN: Today, most of us have a PAN card. PAN card is a very important document. Many of our important information is recorded in it. We need a PAN card to do many types of financial work. Not only this, PAN card is also used as a document at various places. We

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    also need it while filing income tax returns. Under the rules, a person can have only one PAN card. If you have more than one PAN card, then a fine can be charged from you. At the same time, do you know what is the difference between PAN, TAN and TIN card numbers? If not, then today we are going to tell you about this. Let’s know about it in detail –

    PAN

    PAN stands for Permanent Account Number . It is a ten-digit alphanumeric number. With the help of PAN number, the government can easily track the financial transactions being done by the PAN card holder.

    TAN

    TAN stands for Tax Deduction and collection account Number . TAN is a ten-digit alphanumeric number. TAN number is issued by the Income Tax Department. It is used to track TCS and TDS.

    TIN

    TIN number refers to Tax Identification Number . It is an 11 digit alphanumeric number. The first two digits of the TIN number represent the state.

    This number is issued by the Home Ministry. It is used in interstate sales transactions. It is a special kind of identification number.

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  • Homebuyer Affordability Improves in 7 of 8 Cities in 2024, Driven by Steady Income Growth: Knight Frank India

    National, December 27, 2024: Knight Frank India, in its proprietary report, Affordability Index, cited that home affordability has remained favourable for homebuyers in 2024 as interest rates have stayed relatively steady since the end of 2023. According to the Index, Ahmedabad is the most affordable housing market among the top eight cities, with an affordability ratio of 20%, followed by Pune at 23% and Kolkata at 24%. Mumbai was the only city to exceed the affordability threshold, standing marginally higher at 50%, albeit affordability has improved. Knight Frank India’s Affordability Index tracks the EMI (Equated Monthly Instalment) to income ratio for an average household. Home affordability witnessed steady improvement from 2010 to 2021 across the eight leading cities of India, especially during the pandemic when the Reserve Bank of India (RBI) reduced the policy repo rate (REPO) to decadal lows. However, the RBI raised the REPO rate by 250 basis points (bps) over nine months starting May 2022 to tackle high inflation, thus affecting affordability across cities in 2022.

    Since February 2023, however REPO rate has remained unchanged, while income has seen healthy growth which has helped offset rising home prices and relatively high interest rates, supporting affordability. Housing demand has grown at an annualised rate of 23% since 2020 and is expected to scale multi-year highs in 2024. The stable interest rate scenario is likely to persist in the near term, as the India’s economy remains on a healthy growth trajectory.

    Affordability Index of leading eight cities of India

    City   EMI to Income Ratio
    2010 2019 2020 2021 2022 2023 2024
    Mumbai 93% 67% 61% 52% 53% 51% 50%
    NCR 53% 34% 38% 28% 29% 27% 27%
    Bengaluru 48% 32% 28% 26% 27% 26% 27%
    Pune 39% 29% 26% 24% 25% 24% 23%
    Chennai 51% 30% 26% 24% 27% 25% 25%
    Hyderabad 47% 34% 31% 28% 30% 30% 30%
    Kolkata 45% 32% 30% 25% 25% 24% 24%
    Ahmedabad 46% 25% 24% 20% 22% 21% 20%

    Shishir Baijal, Chairman and Managing Director, Knight Frank India said “Affordability plays a crucial role in sustaining homebuyer demand and driving sales, which significantly contribute to the country’s economic growth. While property prices have seen a considerable rise, the steady increase in income levels has helped individuals maintain the financial confidence needed to invest in properties. As incomes grow and the economy strengthens, end-users are more inclined to make long-term financial commitments toward asset creation. With the RBI projecting a healthy 6.6% GDP growth for FY 2025 and a stable interest rate environment, affordability levels are expected to continue supporting homebuyer demand in 2025.”

    The COVID-19 pandemic became a catalyst for the residential real estate market, triggering a recalibration of both property prices and lending rates that significantly boosted demand. This residential sales momentum has persisted, supported by factors such as effective inflation control, and strong economic growth and changing preference for home ownership. All markets have shown improved or stable affordability, leading to sustained demand for homes. The pandemic has thus instilled an enduring shift in homebuyers’ sentiments, keeping demand buoyant.

    In Mumbai, the affordability index improved by 17 percentage points, moving from 67% in 2019 to 50% in 2024. Affordability has reduced in Bengaluru, albeit marginally, compared to last year with households now expected to pay 27% of towards home purchases up from 26% in 2023. This is largely due to the sharp rise in residential prices over the past year, which has put pressure on affordability. While affordability has come down marginally, it is still well within the affordability threshold of 50%, over which a city’s residential market is deemed unaffordable. The enduring shift in homebuyers’ preferences and sentiments since the pandemic has kept demand resilient and the residential market buoyant.


    Biswaranjan Jena

  • India bids adieu to Manmohan Singh; former PM cremated with full state honours

    Former Indian PM Manmohan Singh last rites performed in New Delhi with full state honours.
    Manmohan Singh cremated with full state honours. Photo Courtesy: Congress X page video grab.

    India mourned as the last rites of Manmohan Singh, the county’s two-time Prime Minister, were performed with full state honours in New Delhi on Saturday, ending an era in Indian politics.

    Singh, who passed away on Thursday night at the age of 92, was given a gun salute.

    His funeral was conducted by following Sikh traditions.

    Draped in Indian the Indian national flag, Singh’s body was carried through the national capital on a flower-decked carriage on its way to the funeral site.

    President Droupadi Murmu, Prime Minister Narendra Modi, Leader of Opposition Rahul Gandhi, former Congress chief Sonia Gandhi were amongst those who paid their final tribute to the man, who was one of the longest serving Prime Ministers of India.

    Singh’s mortal remains were taken from his residence to Congress headquarters at 9 am.

    His final journey started from Congress’ headquarters later and reached the crematorium at 11:30 pm.

    Slogans of “Manmohan Singh Amar Rahe” (long live Manmohan Singh) filled the air.

    Before becoming the PM, Singh served as India’s Finance Minister, as well as the Governor of the Reserve Bank of India.

    He rose to prominence as the FM during the Congress regime headed by PV Narasimha Rao from 1991 to 1996, for bringing sweeping reforms that transformed the economy.

    As the two-term UPA Prime Minister, he stayed at the top post from 2004 to 2014 and served as a member of the Rajya Sabha till early this year.

    He retired from the Rajya Sabha in April.

  • Visualizing the Future: Transforming Decisions Through Data

    Visualizing the Future

    In the rapidly evolving landscape of business and technology, Ravi Teja Gurram delves into how data visualization has revolutionized decision-making processes. With extensive expertise in data analytics and visualization, the transformative journey of visualization tools is traced from basic charts to AI-powered platforms, highlighting their significant impact on strategic outcomes.

    From Charts to Intelligence: A Historical Perspective

    The evolution of data visualization has been nothing short of remarkable. Beginning with William Playfair’s hand-drawn bar charts in the 18th century, visualization tools have steadily progressed to modern, dynamic platforms. The computerization wave of the 1960s introduced foundational tools, but the true democratization began in 1985 with widely accessible software. However, as data complexities grew, these early solutions revealed significant limitations, such as restricted interactivity and basic capabilities. This inadequacy catalyzed the development of first-generation business intelligence tools in the 1990s, which brought centralized reporting and more sophisticated data integration.

    A Revolution in Business Intelligence

    The arrival of dedicated Business Intelligence (BI) tools in the 1990s marked a seismic shift. Platforms enabled centralized data management and the ability to visualize patterns across vast datasets. First-generation tools prioritized automating reporting and improving data accuracy, setting the stage for modern, user-centric visualization platforms. Recent advancements emphasize real-time updates and cross-device adaptability, fostering a seamless analytical experience across teams.

    The AI Leap: Transforming Insights

    Artificial intelligence has brought revolutionary capabilities to data visualization. From automated chart selection to predictive analytics, AI reduces the manual workload and enhances precision. For instance, machine learning algorithms now identify trends and anomalies within datasets, offering actionable insights. Predictive analytics further strengthens this capability, enabling businesses to foresee trends and proactively strategize. Natural Language Processing (NLP) integration has made these tools accessible to non-technical users, empowering more inclusive and informed decision-making.

    Quantifying the Impact

    Modern data visualization tools offer profound tangible benefits, revolutionizing decision-making and problem-solving processes for organizations. Advanced platforms enable a 60% faster resolution of complex problems, significantly reducing the time required to make informed decisions. By enhancing accuracy in analyzing multidimensional datasets, these tools empower data-driven strategies while minimizing errors.

    Beyond improving operational efficiency, the financial advantages are equally remarkable. Companies that adopt these tools achieve enhanced ROI through better resource allocation, quicker insights-to-action cycles, and significant cost savings. These tools have become indispensable for maintaining a competitive edge in today’s data-centric business environment. Moreover, organizations report an average three-year return on investment of nearly 289%, showcasing their transformative economic impact.

    Enhancing Collaboration and Culture

    Modern visualization platforms foster inclusivity in decision-making by democratizing data access and analysis. Intuitive interfaces engage users across all levels, breaking silos and encouraging collaboration. By enabling evidence-based decisions, these tools shift focus from top-down authority to collective insights, embracing diverse perspectives. This approach drives innovation, enhances strategic outcomes, and cultivates an agile, forward-thinking organizational culture, promoting accessibility and engagement in data-driven strategies for long-term success.

    Emerging Horizons

    The future of data visualization is poised for further disruption. Extended Reality (XR) technologies, for example, promise immersive analytics, allowing teams to explore data in three-dimensional spaces. Edge computing, combined with 5G networks, will facilitate real-time analysis of massive datasets, unlocking new possibilities for industries reliant on instantaneous insights. These advancements, however, come with challenges, such as ensuring ethical AI practices and addressing varying levels of data literacy within organizations.

    In conclusion, as Ravi Teja Gurram demonstrates, modern data visualization tools, powered by AI, have transformed business decision-making by enhancing efficiency, accuracy, and collaboration. These advancements foster evidence-based cultures and pave the way for innovative interpretations of data. Looking ahead, AI-driven visualization tools will remain central to shaping a future of data-driven organizational success.

  • Manufacturing Temp Workforce Pay Sees 5.6% Annual Growth, Reflecting Rising Demand for Skilled Talent: Teamlease Report

    Mumbai, December 27, 2024: TeamLease Services, India’s leading staffing solutions company revolutionizing employment and workforce dynamics, has released its latest report, “A Staffing Perspective on Manufacturing.” The report provides an extensive analysis of the manufacturing sector’s contractual workforce, revealing key trends, challenges, and opportunities. As the manufacturing sector aims to achieve a $1 trillion valuation by 2025-26, addressing workforce dynamics will be pivotal in ensuring sustained growth. This growth is led by strategic government initiatives, technological advancements, and an evolving workforce landscape.

    The report highlights how diverse industries drive growth in manufacturing, including automotive, chemical, textile, electronics, and machinery and equipment, all of which play pivotal roles in employment and economic development. Coupled with Industry 4.0 technologies like IoT, AI, robotics, and automation, these sectors are rapidly transforming operations through smart factories, enhancing productivity and efficiency. This evolution requires large-scale upskilling and reskilling initiatives to bridge the growing skill gap. The report reveals that the sector’s workforce is predominantly young, with most individuals in the 28-37 age group (43.6%). This demographic is well-positioned to embrace technological changes but requires urgent capacity-building efforts in technical and analytical domains.

    The workforce is also diverse in terms of educational backgrounds, with nearly half being graduates. Both genders show the highest representation at the graduation level, 48.5% for males and 46.4% for females. Meanwhile, Maharashtra (17.2%) and Tamil Nadu (14.6%) are the leading states in contractual workforce contributions, followed by Uttar Pradesh (9.6%) and Karnataka (9.4%). This reflects the industrial prominence of these regions. Smaller contributions come from states like Delhi (3.6%), Rajasthan (3.5%), and Bihar (3.4%), while other contributors (24%) include West Bengal, Andhra Pradesh, Telangana, and Kerala.

    Despite the impressive progress, the report also lists the challenges. One of the most notable findings is the gender disparity within the temporary workforce. A significant 89.5% of employees in temporary roles are male, highlighting a significant underrepresentation of women. Females in the workforce, however, demonstrate higher representation in postgraduate qualifications (24.3% compared to 10.5% of males). In comparison, males dominate in technical roles with greater representation in diplomas (13.5% vs. 5.7%) and ITIs (11.5%, absent for females). This imbalance calls for targeted efforts to foster gender parity and encourage women to take up technical roles.

    The report also highlights attrition as a persistent challenge for the sector, with more than 43% of temporary workers leaving within a year and 8.7% exiting within the first three months of employment. Overall, more than half of the temporary workforce has a tenure of less than one year, indicating long-term retention challenges. Female employees face additional hurdles, with 66% leaving their jobs within a year, often due to safety concerns, commuting difficulties, and the physical work requirement of the sector. The report highlights the urgent need for women-friendly workplaces to improve retention rates.

    One of the notable positive trends is the compensation landscape in the manufacturing sector. The CTC has grown from FY21 to FY24 with a 5.6% CAGR. This growth is driven by inflation, increased demand for skilled workers, and the need for competitive pay to retain talent. However, the gender pay gap persists, with males in the temp workforce earning higher average CTCs than females, further emphasizing the need for equitable pay practices.

    Despite these challenges, the sector’s demand for skilled roles continues to rise. Blue-collar and grey-collar positions such as assembly line workers, welders, and CNC operators remain critical. At the same time, white-collar roles like production supervisors, quality control inspectors, and supply chain managers are also in high demand.

    Kartik Narayan, CEO-Staffing, TeamLease, said, “As the manufacturing sector evolves with advanced technologies, it is also redefining the value of its workforce. The 5.6% annual pay growth is a clear indicator of the growing value placed on skilled talent. To support this progression, there is a greater need to create environments and work cultures where career longevity and adaptability can thrive. By addressing gaps in retention and promoting diversity in technical roles, the sector has an opportunity to build a resilient workforce that is ready for the next phase of growth.”

    The report outlines actionable strategies to address the challenges in India’s manufacturing sector. Companies are encouraged to enhance workplace safety, foster inclusivity, and invest in career development initiatives such as structured mentorship programs. Workforce outsourcing is identified as a critical tool for reducing costs, with potential savings of 50-60%, while improving operational efficiency. At the same time, employers are urged to implement data-driven feedback systems, employee recognition programs, and tailored retention strategies to reduce attrition and improve engagement.


    Biswaranjan Jena

  • ITR Deadline: Deadline for filing income tax extended, know which taxpayers will get relief

    ITR


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    The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing updated and belated income tax returns (Belated ITR Filing Deadline 2024) to January 15, 2025. The Bombay High Court directed the CBDT to extend the ITR filing deadline for eligible taxpayers under section 87A.

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    What is Section 87A?

    Section 87A aims to provide relief to individual taxpayers, especially those in the low income group. It provides tax exemption to individuals whose total taxable income is up to ₹5 lakh under the old tax regime and up to ₹7 lakh under the new tax regime.

    What’s the matter?

    A public interest litigation (PIL) filed by ‘The Chamber of Tax Consultants’ argued that the filing utility software updated on July 5 arbitrarily denied taxpayers the right to claim exemption under section 87A of the Income Tax Act, 1961. The petition said that these changes made in the software used for filing returns for assessment year 2024-25 are illegal.

    The Bombay High Court said, “The Central Board of Direct Taxes (CBDT) is directed to immediately issue the necessary notification under section 119 of the Income Tax Act and extend the deadline for taxpayers who are required to file returns by December 31, 2024, at least till January 15, 2025. It is necessary to ensure that all taxpayers eligible for exemption under section 87A are given an opportunity to exercise their statutory rights.”

    What happens if we miss the new deadline?

    • If a taxpayer misses the new deadline to file ITR for 2023-24, then many problems may arise.
    • Penalties may increase – Penalties for late filing can go up to ₹10,000.
    • Loss of profits – such as losses from business/profession and the opportunity to carry forward capital gains will be lost.
    • Payment of Interest – 1% interest will accrue every month under Section 234A.

    Important things to keep in mind while filing late return
    Late Fees:

    • Late fee of ₹5,000 for those with income above ₹5 lakh.
    • Late fee of ₹1,000 for those with income less than ₹5 lakh.
    • If the income is below the taxable limit, there will be no late fee.
    • No Loss Carry Forward: Carry forward of losses from business/profession and capital gains will not be allowed.
    • Tax exemptions: Certain special deductions like section 80IA, 80IB will also not apply.
    • No change in tax regime: Change to old or new tax regime will not be allowed while filing late returns.

    If ITR is filed on time, all these problems can be avoided. Therefore, taxpayers are advised to take advantage of the deadline extended by the High Court and file their returns on time.

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  • Beyond Key Achieves SOC2 Type 2 Compliance, Strengthening

    New Delhi, 27th December 2024 – Beyond Key, a leading technology solutions provider, is proud to announce its successful attainment of SOC2 Type 2 compliance, a globally recognised standard for managing data securely. This accomplishment demonstrates the company’s unchanged commitment to data security, operational excellence, and establishing enduring customer trust.

    SOC2 Type 2 compliance demonstrates Beyond Key’s commitment to stringent security protocols, which ensure that sensitive information is protected from unauthorised access, breaches, and operational vulnerabilities. Beyond Key’s dedicated IT team worked together to achieve this goal, with valuable support from the HR, Admin, and Business Analytics teams.

    In an age when data breaches and cyberattacks are becoming more common, businesses require strong assurances that their data is handled with the utmost care. SOC2 Type 2 compliance not only validates Beyond Key’s security measures but also gives customers peace of mind. It represents the company’s accountability and transparency, as well as its adherence to the highest information security standards.

    Commenting on the achievement, Mr. Piyush Goel, CEO and Founder of Beyond Key, expressed his gratitude, saying, “Achieving SOC2 Type 2 compliance is a proud moment for us. It reflects our commitment to protecting client data and increasing trust. This milestone would not have been possible without our teams’ hard work and collaboration. It is a win for Beyond Key and our clients, who can now rely on stronger security measures.”

    The certification allows Beyond Key to serve its clients better by delivering solutions built on a foundation of trust and security. Here’s how it impacts their services:

    • Enhanced Data Protection: Clients can be assured that their sensitive information is safeguarded using the most stringent security protocols.
    • Regulatory Compliance: For businesses operating in regulated industries, partnering with a SOC2-compliant provider like Beyond Key helps them meet their compliance requirements effortlessly.
    • Improved Efficiency: Robust security measures reduce downtime, operational risks, and vulnerabilities, enabling smoother business operations.
    • Strengthened Client Relationships: The certification reinforces Beyond Key’s commitment to transparency and accountability, fostering deeper client trust.

    Beyond Key’s dedication to security as well as excellence is demonstrated by its SOC2 Type 2 compliance. The organisation guarantees high standards by streamlining procedures, implementing cutting-edge technologies, and empowering experts. Beyond Key demonstrates its credibility as a technological partner through this accomplishment, encouraging innovation while maintaining the highest security and trust requirements.


    Biswaranjan Jena

  • Dua Lipa’s Instagram image triggers speculation she is engaged to British actor Callum Turner

    Dua Lipa's latest Instagram post triggers speculation that she is engaged.
    Dua Lipa’s Instagram post triggers engagement speculations. Photo Courtesy: Dua Lipa Instagram page

    After dating for a year, popular singer Dua Lipa and actor Callum Turner have reportedly got engaged.

    Sources told The Sun that the couple is planning to celebrate their engagement with friends and family members on New Year’s eve.

    According to media reports, they have been dating each other since the beginning of the year.

    A source told The Sun: “Dua and Callum are so in love and know this is forever.

    “They are engaged and couldn’t be happier,” the source added.

    “Dua has had one of the best years of her career professionally and this is the cherry on the cake,” the source told the tabloid.

    “Callum is such a solid support for Dua and they make a wonderful couple. Their family and friends are so happy. It’s been an amazing Christmas for them,” the source said.

    Speculations over Dua Lipa’s engagement started when she posted an image on Instagram where she could be seen wearing red reindeer antlers with a large diamond ring on her left ring finger.

    Seeing the picture, one Instagram user wrote in the comment section: “THE RINGGGGG? TRAINING SEASONS DEFINITELY OVER!!!”

    Another wrote: “DUA DID U GET MARRIED.”

    Dua gained international fame by singing hit numbers like “Be the One”, “IDGAF” and “New Rules”.

    Who is Callum Turner?

    Callum Turner is a British actor.

    After beginning a career as a fashion model, he began working in film and television.

    He had played lead roles in the drama film Queen and Country (2014) and the mystery miniseries Glue (2014), and played Theseus, the brother of Newt Scamander, in the fantasy films Fantastic Beasts: The Crimes of Grindelwald (2018) and Fantastic Beasts: The Secrets of Dumbledore (2022).