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IndiaTimes of India ·

Dubai-based NRI faces tax notice over Rs 3.41 crore FCNR deposits; tribunal finds yen-rupee error

A woman originally from Beawar, now living in Dubai, UAE, invested with her husband in India. The couple placed Rs 3.41 crore across two Foreign Currency Non-Resident (FCNR) term deposits. The husband was the first holder of both deposits, while the woman was listed as second holder. The deposits drew a tax notice, but the Income Tax Appellate Tribunal (ITAT) identified an error involving the yen and rupee. The report centres on how that mistake affected the tax assessment.

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IndiaTimes of India ·

Jamnagar features in Rubio's two-day itinerary as Musk's stance on Reliance softens

Jamnagar has been included in the two-day itinerary of US Secretary of State Marco Rubio. Elon Musk has reportedly softened his tone toward Reliance and expressed appreciation for a post. The reporting connects the visit and the shift in Musk's comments within the same news cycle. The article's full details were not provided, so specifics on the purpose and outcomes of the visit are limited. Readers are advised to consult the original Times of India report for complete context.

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IndiaTimes of India ·

Former Muhammad Ali training camp restored and reopened as museum

Mike Madden has invested about $1.5 million to restore Fighter's Heaven, the training camp Muhammad Ali founded in 1972. The site had fallen into disrepair after years of neglect. It reopened to the public in June 2019 and drew strong interest from visitors. Pennsylvania's State Historic Preservation Office praised the camp for its cultural significance. The project aims to preserve a notable piece of sports history.