The assessee must explain the nature and source of jewellery and support the explanation with evidence, tax experts say.
During the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping and Prime Minister Narendra Modi held a bilateral meeting, outlining a four-point approach for the steady and long-term development of China-India relations. The leaders stressed strategic understanding, win-win cooperation, mutual respect, and inclusive multilateral engagement, reaffirming their commitment to resolving the boundary question and addressing economic concerns. They also discussed global challenges and strengthening people-to-people ties.
Chinese President Xi Jinping's arrival in Washington marks a pivotal moment for global diplomacy, as he advocates for a "partners, not rivals" approach to US-China relations amidst high-stakes discussions on trade, technology, and international stability.
The Chhattisgarh Economic Offence Wing/Anti-Corruption Bureau (EOW/ACB) has filed its sixth supplementary charge sheet in the alleged coal levy scam, naming 12 individuals including Congress MLA Devendra Singh Yadav, former state Congress treasurer Ramgopal Agrawal, and IAS officer Jai Prakash Maurya. The scam involves an alleged illegal levy of Rs 25 per tonne collected from coal transporters by a syndicate of bureaucrats, businessmen, and politicians, with handwritten diaries indicating collections of around Rs 540 crore.
Brazil's head coach Carlo Ancelotti praised India's defensive organisation and counter-attacking efforts despite his team's 4-0 victory in a friendly match in Kolkata. Ancelotti highlighted India's ability to create difficult moments for Brazil and used the match as an opportunity to assess young Brazilian talent, expressing satisfaction with their performance during the international window.
'Now, here I am, doing my 10th season, and loving yet another opportunity to reach out to audienceS at home.'
Salman Khan, a 28-year-old farmer's son from Amethi, Uttar Pradesh, has won a historic bronze medal in men's double sculls rowing at the Asian Games in Nagoya. This marks India's first-ever podium finish in this event, bringing pride to his hometown and inspiring young athletes.
NCP (SP) leader Eknath Khadse has firmly stated his disinterest in rejoining the BJP, despite being called by Amit Shah, and affirmed his commitment to Sharad Pawar, dismissing recent speculation about his political future.
It's absolutely okay for two partners in a relationship to be widely different in their likes and dislikes, says rediffGURU Anu Krishna.
Used-car financing has seen significant growth, but borrowers must be aware of higher interest rates, conservative loan-to-value ratios, shorter tenures, and the risk of owing more than the car's depreciated value. Understanding these factors is crucial for making informed decisions.
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
'Something has to be new for the audience every time. It has to be a new experience while the emotions remain the same.'
Tejaswin Shankar, India's national record holder in decathlon, secured a bronze medal at the Asian Games but expressed significant disappointment, stating he "lost the silver" rather than "won a bronze." He revealed his competitive drive, particularly against Japan's Yuma Muruyama, whom he beat in the final 1500m race. Shankar also discussed his demanding competition schedule and his strategy to achieve 8300 points for World Championships qualification, alongside his duties as a teaching assistant in the USA.
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
'He didn't touch upon the core questions raised by the nine employee associations.'
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
The Supreme Court has agreed to hear a Public Interest Litigation (PIL) next week that seeks the suspension of Chief Election Commissioner (CEC) Gyanesh Kumar and challenges the alleged unilateral decision-making within the Election Commission without the approval of two other Election Commissioners.
Drishyam: The Conclusion has remarkably outsmarted its Malayalam counterpart, Drishyam 3, by delivering a superior thriller that perfectly understands audience expectations for intricate plots and compelling twists.
The US rejected Iran's proposal to reopen the Strait of Hormuz, citing Tehran's demands for sanctions relief and access to frozen assets before nuclear program negotiations. US Ambassador Mike Waltz called the offer a "cynical attempt," while Iranian Foreign Minister Seyyed Abbas Araghchi disputed Waltz's account and reiterated Iran's readiness for both diplomacy and renewed hostilities. President Trump expressed confidence in winning the conflict soon and keeping all options, including military strikes, on the table, with denying Iran a nuclear weapon as the primary objective.
Tavengwa Mukuhlani, Chairman of Zimbabwe Cricket, has been appointed as the new Deputy Chairperson of the International Cricket Council (ICC) until November 2027, succeeding Singapore's Imran Khwaja. This significant appointment is expected to bolster African cricket, especially as Zimbabwe prepares to co-host the 2027 ICC Men's Cricket World Cup.
A report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.
Trump has announced an 'Infinite Life' agreement with Denmark and Greenland, claiming it grants the United States permanent control over security and the ability to prevent adversaries from establishing a military presence or making sensitive investments on the strategically vital Arctic island.
India has once again raised alarms over the escalation in the security situation in the Red Sea area and strongly condemned Houthi strikes targeting Saudi Arabian territory, "including on civilians and economic assets."
A Supreme Court bench of Justices Dipankar Datta and Satish Chandra Sharma has given split opinions on whether pleas challenging the 2023 law for appointing the Chief Election Commissioner and Election Commissioners should be referred to a larger Constitution bench, citing a difference in views on the law's constitutional validity and the executive's role in selections.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
The All India Football Federation (AIFF) has announced that the 2026-27 Indian Football League (IFL) season will begin on October 30. Following a successful 2025-26 season with significantly increased viewership, the upcoming season will feature new regulations, including a limit of three foreign players on the pitch, and an expanded footprint with new venues in Nagaland and Odisha. Discussions also covered the IFL Charter, budget, and broadcast partnerships.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
External Affairs Minister S Jaishankar, addressing the UN General Assembly, condemned the targeting of commercial shipping and seafarers in the Gulf, calling it "simply unacceptable." He also voiced deep concern over the "weaponisation of everything," which he stated has severe consequences for Global South nations, impacting peace, progress, and development globally. India urged restraint, de-escalation, and protection of civilians, while also highlighting the 4F crisis (food, fuel, fertiliser, finance) faced by developing countries.
'I did not give up on acting; I was always open to it. I just wasn't actively chasing it for a period of time.'
New head coach Zaheer Khan's biggest challenge at CSK will be to decide on the future of talisman Mahendra Singh Dhoni, who incidentally recommended him for the top post.
'I was always open to those who wanted to teach me the intricacies of singing.' 'Naushad Saab would tell me which notes to stress during singing.' 'Anil Biswas would tell me where to breathe in and breathe out while singing and where to pause.'
'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'
Did love make Bhagat Singh a weaker revolutionary? In a heated argument once, Sukhdev accused him of allowing his fascination with a woman to come in the way of revolutionary duty. Bhagat Singh's answer, in a letter days later, was a defence of love as a revolutionary's strength, not a weakness. On Bhagat Singh's 119th birth anniversary, Utkarsh Mishra looks at the friendship, arguments and ideas that bound him and Sukhdev together.
A dispute has emerged over the ancestral home of 20th-century Hindu saint Baba Neem Karoli Maharaj in Akbarpur village, Uttar Pradesh. Six granddaughters have filed a complaint alleging illegal occupation by a Trust headed by their aunt, prompting the district administration to form an inquiry committee. The property, also a tourist attraction, is at the centre of a family feud following a recent incident where the granddaughters were allegedly denied lodging.
The Kerala Sports Department has submitted its confidential inquiry report regarding the controversy surrounding the proposed visit of football legend Lionel Messi and the Argentina team to the state during the previous government's tenure.
The Mumbai-Delhi air route, the country's largest and most lucrative, is witnessing an intense battle for supremacy between IndiGo and the Air India group, with Akasa Air emerging as a significant third player, according to recent data.
Indian rowers Satnam Singh and Salman Khan secured a historic bronze medal in the men's double sculls at the Asian Games, marking India's first-ever medal in this event. Despite the achievement, both athletes expressed mixed feelings due to last-minute crew changes that they believe affected their performance. The bronze was a saving grace for the Indian team, which otherwise delivered one of its worst Asian Games rowing performances, equalling previous low tallies. The controversy surrounding team selections and the impact of weather disruptions on the competition schedule were also highlighted.
Senior Congress leader Shashi Tharoor has articulated India's position on BRICS, advocating for it to be a "non-West, but not anti-West" platform, a stance he believes is crucial for India's national interest. He highlighted the prestige of hosting the BRICS summit, India's responsibility to represent the Global South, and the significance of bilateral meetings, particularly with China and Russia. Tharoor also addressed the strained India-China relations, citing border issues and trade leverage, and discussed the challenges within BRICS, including difficulties in achieving consensus on global issues and trade imbalances, while also considering the need for diversified international relations amidst unpredictable US sanctions.
Indian football legend Sunil Chhetri expressed a mix of excitement and 'a little jealousy' about the national team's unprecedented opportunity to play against football giants Brazil and Uruguay in October 2026, an experience he never had in his two-decade career.
