In this case the man who received the cash gifts formalised the transactions through gift deeds and deposited the money into his bank account. (Image for representative purpose only) You get a lot of gifts in the form of cash and you deposit the amount in your bank account. But, what if the Income Tax…

For more than 30 years, passengers have been seeking faster rail connectivity between Bengaluru and Mumbai. Vande Bharat sleeper: Indian Railways is all set to roll out the second Vande Bharat sleeper train after launching the first pair between Guwahati and Howrah earlier this year.After prolonged delays, the Railway Board is expected to issue the…

Chief Economic Advisor V Anantha Nageswaran India’s relationship with the US is in an “uneasy equilibrium” as trade disputes between the partners persist, a senior govt official said. “There is this issue of unsettled relationship with the US, starting from the tariff-related issues last year, which are still continuing,” chief economic adviser V Anantha Nageswaran…