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BusinessA man received six flats under a builder deal and transferred five of them to his wife. The tax assessing officer made two major additions: Rs 1.94 crore as long-term capital gains, treating the flats as converted capital assets into stock-in-trade, and Rs 2.21 crore as business income from the alleged sale of that stock-in-trade, totaling Rs 4.14 crore in tax additions.
TOI Business·
EntertainmentThe Association of Malayalam Movie Artistes (AMMA) faces a deepening internal rift after its executive committee recently filled vacant posts of vice-presidents, treasurer, and joint secretary. Actors Asha Aravind and Sijoy Varghese were elected vice-presidents, while Neena Kurup and Sarayu Mohan became treasurer and joint secretary. The 17-member panel, led by president Shweta Menon, had earlier announced resignation amid a no-confidence motion over financial accountability.
Hindu Entertainment··Kochi
PoliticsOpposition leaders, student groups, and youth organizations protested in New Delhi demanding Chief Election Commissioner Gyanesh Kumar's resignation over the Election Commission's handling of the Special Intensive Revision (SIR) of electoral rolls. They allege the revision process and new voter registration rules could exclude eligible voters. The government denies wrongdoing. The protest follows weeks of tension since SIR began in Bihar and expanded to other states.
Firstpost··New Delhi
WorldKainchi Dham in Uttarakhand has become increasingly popular among devotees and tourists following the release of the film 'Hanuman Ansh' and social media buzz. The rising number of visitors has led to traffic congestion and littering issues. Concerns have also been raised about people focusing on taking photos and videos for social media rather than the spiritual experience.
Aaj Tak··Uttarakhand
PoliticsIsrael's Defence Minister Katz's office announced a military alert for October 7 due to intelligence about Hamas planning attacks against Israeli forces in Gaza on that day. The warning aims to prepare Israeli forces for potential terror operations by Hamas during the anniversary.
Hindu World·
SportsPriyansh Arya, known for his strength in T20 internationals, spoke about playing alongside Vaibhav Sooryavanshi. Despite strong competition from India regulars like Abhishek, Sooryavanshi, and Sanju Samson, Priyansh's PBKS teammate Prabhsimran remains on the fringes and has yet to debut, even after being part of the recent Zimbabwe series squad.
NDTV Cricket·
TOI Business·
A man received six flats under a builder deal and transferred five of them to his wife. The tax assessing officer made two major additions: Rs 1.94 crore as long-term capital gains, treating the flats as converted capital assets into stock-in-trade, and Rs 2.21 crore as business income from the alleged sale of that stock-in-trade, totaling Rs 4.14 crore in tax additions.
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