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Indian sailors on the AM Pioneer face pressure to navigate the dangerous Strait of Hormuz. The Forward Seamen’s Union of India claims shipowners are endangering the crew's lives. This situation highlights the ongoing safety concerns for maritime workers in high-risk areas.
Is a wife liable for tax on her husband's income deposited in her bank account? A recent Pune ITAT ruling clarifies this issue regarding a ₹71.56 lakh deposit. The tax department scrutinized the deposit, questioning its classification as unexplained income. Understanding these tax implications is crucial for couples managing joint finances.
Indian freelancers earning from US IT companies must navigate tax rules effectively. This article covers essential FAQs on income reporting, dollar conversion, claiming expenses, and compliance with ITR, DTAA, and GST regulations. Understanding these aspects is crucial for freelancers to ensure proper tax filing and avoid penalties.
Paytm founder Sharma plans to sell a stake worth ₹4,895 crore in a block deal. His firm Resilient holds over 10% in One 97 Communications, Paytm's parent company. This move comes as Sharma looks to adjust his investment strategy, following the acquisition from Ant Group's affiliate, Antfin. Investors are keenly watching this development in the fintech sector.