Shipra Singh Sorout
@Shiprasorout
write for @livemint. Previously @economictimes @outlookbusiness @entrepreneurind
I report on a curious case of a recalled tax order involving ChatGPT 👇 A tax order is passed by a tribunal. 3 Supreme Court judgements cited in it turn out to be fictitious. How?ChatGPT was used to pull out relevant past cases. Order was recalled. Story: livemint.com/money/personal…
Rooting for this to become a success . There is no reliable service in Delhi NCR.
A few months ago, Blinkit Ambulances started quietly in Gurugram with just 5 ambulances and a dream. What if emergency help could reach you in 10 minutes, just like groceries? This is one of the hardest and the most resource intensive challenges we have ever taken up. But we are…
So far we thought our graphics lacked proper watermarking. Turns out, some notorious accounts are photoshopping out the Mint logo entirely, not just cropping it. Kafi mehnat, true hustlers
Why not Watermark the images ?
Desi dogesh has arrived at global stage 😍
A 5-month-old puppy saved 67 people from a devastating landslide in India. This is Rocky. In the early hours of June 30th, he was sleeping on the ground floor of his home in Siyathi village as torrential rains poured down outside. Rocky woke up, began barking, and got the…
What bureaucracy can achieve if it works with intent. Wish Gurgaon and Faridabad get such municipal commissioners
Lucknow just jumped from Rank 41 to 3 in India’s cleanest cities list and the credit goes to one man and a mission. Meet IAS Indrajeet Singh, the Municipal Commissioner who turned garbage hills into green parks and waste into fuel. Watch how Lucknow cleaned up its act one…
The ridiculousness of New Regime is that ITD does not onsider LTCG or STCG as part of total income for rebate purposes BUT considers such incomes as special rate incomes for the purpose of levying surcharge!! So, Capital Gains are treated as part of TI for surcharge but not for…
The so-called 'simplified' New Tax Regime hides several harsh realities: No Rebate u/s 87A on special rate incomes like LTCG, even if your total income is otherwise within the rebate threshold. LTCG on sale of immovable property, taxed without indexation, is added to Gross…
Has your RM asked you to buy ULIP to get a credit card? Infinia RMs are pretty infamous for this, want to know if it’s done by other bank RMs too.
To all those who are confused about the age—she completed 12th at 12 years of age and college at 19. Exceptional case, so the confusion is valid, but the information is correct.
Today, Shipra Singh profiles a young techie in Seattle, Divya Saini. Divya thinks that US salaries are only marginally higher after adjusting for living costs. Rent alone is $2,150. 1) She spends 20% of her pay on rent & 25% on travel 2) She invests 20% of her salary, mostly in…
Sold a house? Use the gains to buy a house from spouse or parent & get tax exemption under Sec 54. A Mumbai ITAT allowed this recently. But it must be a genuine purchase. Mumbai court allows capital gains tax exemption to woman buying husband's flat livemint.com/money/mumbai-c…
Different types of trading–F&O, intra-day, delivery trading–have diff tax rules. Buying and selling stocks as capital assets constitutes a separate category. Know the rules as you prepare to file your taxes for FY25: livemint.com/money/tax-fili…
Superb breakdown by @Shiprasorout & Mint. This is exactly why taxpayers must not blindly follow the ITR utility output. Law allows 20% with indexation on CGAS — but utility forces 12.5%. Clear case where tech jumps ahead of legal enforcement.
Tax Filing Utilities for ITR 2 & 3 are out. @Shiprasorout gives you the details & issues. Two issues: 1) Say you've sold property & money deposited in Capital Gains A/C with bank. But you dont use the money. Utility makes you pay tax at 12.5%. No 20% with indexation option.
This CA's entire Twitter game is to lift Mint graphics, post them without credit, farm followers and earn whatever little revenue X pays. Classic case of freeloading off others' work. Wonder if she's even a CA
Kindly give credit to @livemint when using our infographics @R_N_Vaghani. These data points are compiled after lot of diligence. @ActusDei
Looking to connect with Indian students studying abroad or young professionals working overseas after studying there. @livemint has a new series on education costs & career paths in different countries. First in the series was New Zealand: livemint.com/money/personal… @ActusDei
UAE has denied rumours about lifetime Golden Visa 👇 from WAM, official news agency of UAE
On July 3, 2025, the Indian government ordered X to block 2,355 accounts in India, including international news outlets like @Reuters and @ReutersWorld, under Section 69A of the IT Act. Non-compliance risked criminal liability. The Ministry of Electronics and Information…
Japan’s population is 12.3 crore India’s population is 146 crore (over 11x Japan’s population)
DigiLocker has 54 crore registered users (over 4x Japan’s population) #10YearsOfDigitalIndia
Many landlords still want rent in cash. Tax dept has pushed landlords’ compliance burden onto tenants by mandating TDS. Why squeeze tenants? Next, landlords may force tenants to pay TDS from their own pockets, else impose bogus charges like below or evict them.
The reason why we ask govt. to abolish income tax is this reason. Crores of people whose number is more than income tax payers earn more than us and don't pay a single rupee in income tax. Landlord asking rent in cash, & this guy has multiple apartments on rent. Source:Reddit