Author: MoorningTimes

New Delhi: When you receive a house or land from your parents through gift or inheritance, you don’t have to pay any tax at the time of receiving it. However, if you decide to sell that property later, you may need to pay capital gains tax. Gifted Property: How Tax Works If you receive property as a gift from your parents, it is not taxed in your hands because gifts from relatives are exempt. Once you own it, any rental income you earn from that property will be taxable in your name. Add Zee News as a Preferred Source When…

David Lammy will tell MPs on Monday that the UK still intends to recognise a Palestinian state in September, with Israel having shown no sign of meeting the government’s demands.The foreign secretary will say in a Commons statement that government officials intend to carry out a formal assessment in the coming days of whether Israel has complied with the tests set out by the prime minister, Keir Starmer.But with Benjamin Netanyahu’s government continuing to harden its position on Gaza and the West Bank, the foreign secretary will confirm that Britain still plans to recognise Palestine.A UK official said: “We will…

Sayed Abu Tahoun kneels, clutching the limp body of his daughter, Dalia, killed by Israeli tank fire outside their home in Gaza City.His scream echoes through the hospital’s crowded corridors. He stares into her lifeless eyes, then wails again, before pulling her close in a desperate embrace on the floor of Al-Shifa Hospital.This scene and others were captured in videos by journalists in Gaza and verified by NBC News on Saturday — 24 hours after Israel said it had begun the “initial stages” of its assault on Gaza City.Israel has vowed to take control of the largest city in the…

NEWYou can now listen to Fox News articles! House Oversight Committee Chairman Rep. James Comer, R-Ky., sent a letter to Treasury Secretary Scott Bessent requesting the Suspicious Activity Reports (SARs) regarding Jeffrey Epstein and his associate, Ghislaine Maxwell.Comer sent the letter on Sunday, saying his committee is “reviewing the possible mismanagement” of the federal government’s investigation of Epstein and Maxwell, including Epstein’s death.The letter set a deadline of Sept. 15 for the Treasury to produce relevant SARs.”It is essential that Treasury produce to the Committee certain SARs to assist the Committee’s oversight of the federal government’s enforcement of sex trafficking…

NEWYou can now listen to Fox News articles! President Donald Trump shared security footage on social media Saturday, slamming a subcontractor accused of cracking the “most beautiful marble and stone available anywhere” in the recently renovated White House Rose Garden.In a post to Truth Social, Trump said he discovered a “huge gash” in the limestone three days ago, extending more than 25 yards.”Surfaces are very important to me as a Builder,” the president wrote in the post. “As everyone knows, I built many GREAT Buildings, and other things, over the years. … [The limestone crack] was deep and nasty! I…

Russia launched another massive overnight attack across Ukraine as President Volodymyr Zelenskyy accused Moscow of dragging out peace negotiations and pushed for fresh meetings with the U.S. and European allies. The latest strikes killed at least two people and injured dozens more on Friday night, according to Ukrainian officials, while the nations air force reported that 582 drones and missiles were fired across the nation, the vast majority intercepted.“Eight people have been hospitalized, among them two children, a 10-year-old boy, and 16-year-old girl, Ivan Fedorov, governor of Ukraine’s Zaporizhzhya region, said Saturday morning.The assault followed Thursday’s massive attack on the…

Public sector workers have voiced “deep concern” after Coventry city council signed a £500,000-a-year artificial intelligence contract with the US data technology company Palantir.The deal is the first of its kind between a UK local authority and the Denver-based company, which supplies technology to the Israel Defense Forces (IDF) and to help Donald Trump’s mass deportation efforts.The contract follows a pilot scheme in the council’s children’s services department, including using AI for case-note transcription and to summarise social workers’ records. The council is planning to extend the Palantir system to processes for providing support to children with special educational needs.The…

New Delhi: From being the world’s fourth-largest economy, India is on track to become the third-largest by 2030 with a $7.3 trillion GDP, the Union Government said on Saturday.  “India is projected to reach a GDP of Rs 4,26,45,000 crore ($5 trillion) by 2027 and is on course to surpass Germany by 2028. By 2030, India is set to become the world’s third-largest economy with a projected GDP of $7.3 trillion,” the government said. This comes as India’s GDP growth accelerated to a robust 7.8 per cent in the first quarter (April-June) of the current financial year compared to the…

NEWYou can now listen to Fox News articles! The Department of Justice is asking people to report illegal visa practices that could come at the expense of American workers.Citizens are being urged to flag “discriminatory” advertisements for jobs, especially ones that state that the employer prefers people on a seasonal or H-1B visa.”Are you an American citizen who has been harmed by inappropriate preferences for foreign workers, eg H1-B or other? Follow the link. It’s also a place to report human trafficking of immigrant workers, and Title VII employment discrimination,” Harmeet Dhillon, assistant attorney general for civil rights at the…

An Israeli airstrike killed the prime minister of Yemen’s rebel-controlled government, the Iran-backed Houthi militant group said Saturday.Ahmed al-Rawahi was killed Thursday alongside other ministers in a strike on the Yemeni capital, Sanaa, the rebels said in a statement.“We declare the martyrdom of the fighter Ahmed Ghalib Al-Rahawi, Prime Minister in the Government of Change and Construction, along with a number of his fellow ministers,” it said.Al-Rahawi, who had served as prime minister of the Houthi-led government since 2024, was killed during a government workshop evaluating “its activities and performance during a year of its work,” the statement added.Following his…