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• Widow faces tax notice for Rs 60 lakh cash deposits; why ITAT gave ‘gift’ relief

  The Pune bench of the Income Tax Appellate Tribunal determined that cash provided by a spouse cannot be automatically treated as unexplained wealth merely because the donor has passed away. By establishing the donor's identity and familial relationship through extensive documentation, taxpayers can successfully discharge their initial evidentiary burden against aggressive assessments under Section 69A.

  4 min read
• Polymarket unit gets US industry organization’s approval to be futures broker

  The regulatory advancement allows the designated subsidiary to clear a critical procedural hurdle required to conduct regulated financial operations. This move strengthens the firm's formal presence within the domestic financial landscape by satisfying core industry compliance requirements. The granted authorization directly marks an expanded operational path for the underlying company's domestic initiatives.

  1 min read
• When caring for aging family members becomes cost prohibitive

  Mounting expenses associated with senior living are placing an escalating financial burden on households looking after older relatives across the country. Findings from AARP show a sharp multi-year spike in expenditures, prompting analysts to examine alternative options for relatives facing steep price hurdles. Journalist Paula Span has looked into these mounting pressures and potential choices for impacted households.

  1 min read