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Income Tax notice alert! Senior executives with over Rs 50 lakh salaries under radar for ‘underreporting income’, misusing exemptions

The Income Tax Department has flagged cases involving non-disclosure of overseas assets and foreign income. (AI image) Income Tax Notice alert! The Income Tax Department is cracking down on alleged misreporting of income by senior executives across multinational companies and startups. Several such executives earning over Rs 50 lakh have received tax notices from the…

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Evening news wrap: Trump says Iranian negotiators ‘begging’ for deal, SC raises concerns on AI ‘menace’ & more | India News

The government moved to reassure citizens that the country’s fuel supply situation remains fully stable. Trump slammed Iran while warning that they “need to get serious” for negotiations. SC expressed concern over the growing use of AI by litigants and lawyers. BCCI announced the complete schedule for Team India’s international home season for 2026-27. For…

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Merchandise exports: CRISIL sees stronger headwinds; US trade risks keep outlook cautious

India’s merchandise exports are likely to face intensifying pressure in the coming months as uncertainty over the proposed US-India trade deal persists and concerns grow over possible additional US levies linked to India’s crude oil purchases from Russia, ratings firm CRISIL said.In its latest assessment, CRISIL warned that near-term stress could emerge in select agri-export…

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EC suspends police officer for ‘partisanship’ | India News

KOLKATA: EC suspended Sandeep Sarkar, officer in-charge of Hingalganj PS, over allegations of partisanship and failure to ensure a level playing field during the assembly polls. It directed disciplinary action be initiated against him, reports Sanjib Chakraborty.The decision comes amid heightened political tension in North 24 Parganas. over allegations that BJP distributed cash to voters…

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US markets today: Wall Street drifts near record highs as Marvell jumps; Macy’s sinks on high expectations

Wall Street drifted in early trade on Wednesday as mixed corporate earnings left the major indices little changed, even as the S&P 500 stayed within 1% of its all-time high set in late October.The day also saw rising consumer-facing angst and stock-specific swings, with social media chatter adding to volatility in pockets of the market.Marvell…

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