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BusinessPhoto: News18 Business

Income Tax Rules for Gifting Money or Property to Children

During festivals, parents often gift cash, gold, or financial assets to their children to secure their future. Under the Income-tax Act, 2025, the initial gift is tax-free, but any income generated from these gifts, such as interest or dividends, is taxable in the hands of the parent. Section 99(1)(c) explains how income from a minor child's investments is clubbed with the parent's taxable income.

News18 Business·

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TechnologyPhoto: TOI World

Reddit Challenges Australia's Under-16 Social Media Ban in High Court

In late 2025, Australia passed a law banning social media access for individuals under 16. Reddit and a libertarian group are challenging this law in the High Court, arguing against its effectiveness. Despite the law's intent to protect youth, many under-16s still access social media. The government has responded by enforcing stricter penalties on platforms that do not comply.

TOI World·

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TechnologyPhoto: Economic Times

Krafton Invests in India's Gaming Talent Beyond PUBG

Krafton Inc. is investing heavily in India's gaming industry to drive growth and develop new games beyond its popular PUBG franchise. The company plans to acquire another studio and expand its Bangalore team significantly. This expansion will leverage India's software development talent and incorporate advancements in artificial intelligence to enhance game development.

Economic Times··Bangalore

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HealthPhoto: News18Hi Business

Paralyzed Legs, Yet Running Food Delivery in Sultanpur

Sumit from Sultanpur became paralyzed from the waist down after falling from a two-story building. Despite this severe challenge, he did not give up. Today, he supports himself by working as a food delivery person, demonstrating remarkable resilience and determination in the face of adversity.

News18Hi Business··Sultanpur

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PoliticsPhoto: News18 Hindi

Deepali Masirkar Passes UPSC, Appointed ONGC Executive Director

Deepali Masirkar, who hails from a small village in Maharashtra and studied at the London School of Economics, passed the UPSC Civil Services Examination on her first attempt. She has been appointed as the Executive Director (Chief Security) at ONGC, marking a significant achievement in her career.

News18 Hindi··Maharashtra

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PoliticsPhoto: Deccan Herald

Six Arrested for Attacking BSF Jawans Over Smuggler Detention in Tripura

In Tripura's Sepahijala district, six villagers were arrested for attacking three BSF jawans after they detained a suspected smuggler near Ashabari border outpost. The mob vandalized a BSF vehicle and attempted to snatch arms. Chief Minister Manik Saha condemned the violence and directed swift police action against the attackers.

Deccan Herald··Agartala

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