India's tax department has clarified reporting rules for foreign income and assets. Non-disclosure invites hefty penalties under the Black Money Act, including a potential Rs 10 lakh fine and legal action.
Related news
Prasanna Sankar, co-founder of Rippling, has accused his wife of infidelity and filing false legal claims against him, leading him to flee with his son from the Chennai police.
A flight carrying 33 illegal immigrants from the US landed at Sardar Vallabhbhai Patel International Airport in Ahmedabad. These deportees, among 104 Indians sent back by the US, included 13 women and eight children. They were taken to their native places in Gujarat in police vehicles, with tension and apprehension evident as they exited the airport.
Deputy superintendent of police B Ramachandrappa was suspended after a video showed him behaving inappropriately with a woman in his office bathroom. Investigations revealed he befriended her while she was filing a complaint. In another incident, V K Venkatesh from Ballari Institute of Medical Sciences faces sexual misconduct allegations after threatening and assaulting a female employee.
Sanjay Malhotra, the incoming RBI chief, is expected to focus on growth and technology adoption within the banking sector. Brokerages are divided on whether he will prioritize faster interest rate easing. While some anticipate a more accommodative monetary policy given his finance background, others believe the chances of a rate cut have diminished.
Giannis Antetokounmpo led the Milwaukee Bucks to the NBA Cup finals after defeating the Atlanta Hawks, echoing Kobe Bryant's famous "job's not finished" mentality. They will face Shai Gilgeous-Alexander and the Oklahoma City Thunder on December 18th, with each player on the winning team receiving over $500,000.
Virat Kohli credits his wife, Anushka Sharma, for positively transforming his personal and professional life, expressing immense gratitude for her support. The couple, who fans lovingly call 'Virushka', welcomed their daughter in 2021 and their son Akaay recently, making family their top priority.
SpaceX's latest Starship rocket test ended with the spacecraft's destruction despite a successful booster catch using 'chopsticks' at the pad. Communication with the spacecraft was lost 8 1/2 minutes into the mission after engine failures. Elon Musk announced improved versions are ready for future launches.
Matthew Hayden advises Virat Kohli to curb his off-stump shots and draw inspiration from Sachin Tendulkar's disciplined Sydney knock in 2004 to regain form in the remaining Border Gavaskar Trophy Tests. Kohli is urged to focus on staying at the crease and playing more down the ground to overcome his lean patch.
Steve Kerr expressed concern for Jimmy Butler after he suffered a pelvis contusion during Wednesday's loss to the Rockets. Kerr stated that Thompson's contact with Butler was unintentional and a clean play. Jonathan Kuminga stepped up in Butler's absence, scoring 11 points, while maintaining a positive attitude despite recent bench time, and is ready to contribute.
International students in the US, especially those on OPT, must be cautious of a new USCIS policy that issues deportation notices based on undisclosed fraud findings. This development impacts those working with fraudulent OPT companies, and it is essential for affected individuals to seek legal aid to clear their records.