Oil prices surged over 1% as traders await the reopening of the Hormuz Strait. Uncertainty remains due to Iran's demands and Houthi attacks on Saudi Aramco's Jazan refinery. The situation raises serious concerns about oil shipment security in the region, impacting global markets and oil supply chains.
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ITAT Chennai has ruled in favor of a taxpayer, allowing a βΉ79.25 lakh gratuity tax deduction despite initial denial due to a reporting error. The court emphasized that genuine claims under Section 43B should not be rejected over inadvertent mistakes. This decision highlights the importance of accurate tax reporting and the potential for rectifying errors in tax filings.
Discover the latest gold and silver prices for 10 August, including 24K, 22K gold, and 999 silver rates in major Indian cities. Stay updated with MCX market trends and retail rates in Delhi, Mumbai, and Kolkata to make informed investment decisions.
EPFO warns members about fake links and phishing threats. Discover six essential tips to protect your UAN, Aadhaar, PAN, and financial details online, ensuring your security against fraud.
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