Latest news with #RobinSingh
The Hindu
17 hours ago
- Sport
- The Hindu
Key is to keep fast bowlers fit through the year: Kumaran
For more than a decade, former India pacer T. Kumaran has been in the United States, building an extensive coaching resume that includes stints with the USA senior and under-19 teams, as well as training kids. Now, the 49-year-old is back to his roots in Tamil Nadu and was appointed as the senior team's bowling coach last month. 'I am excited to be back in TN. I have worked closely with Robin Singh (currently a TNCA Consultant) in USA cricket, and when he broached this idea, I was happy at the chance to be a part of a professional set-up,' said Kumaran about his new role. 'I have always dreamed of winning the Ranji Trophy, but during my playing days, we only reached the semifinals. Now, as a coach, I hope to help TN achieve that.' Over the last fortnight, Kumaran has been closely watching the players in the ongoing TNPL in preparation for the upcoming season and is pleased by the fast bowling stock he has seen so far. 'One thing that has stood out so far is that the quicks are fitter and taller than what we used to have during my time. I have been observing how they are bowling in different situations and conditions. At the same time, I also want to see how they fare in the TNCA first division because that will be crucial and whether they can bowl long spells.' Explaining what his focus areas will be, he said: 'The main thing is to keep the fast bowlers fit through the year with emphasis on good recovery and workload management. Running fitness is a key to that. We also need to have a good bench strength, which is important to win the Ranji Trophy.' Kumaran, who played eight ODIs for India (1999-2000), said: 'I did not have a long international career. Now, I want to share my knowledge with these boys and develop them so that they can have that. We have had an R. Ashwin, who took more than 500 Test wickets, and I want to develop more cricketers like him.'
Yahoo
6 days ago
- Business
- Yahoo
ATO warning for cryptocurrency investors as Bitcoin hits $164,000: ‘High alert'
Australian cryptocurrency investors are being warned to brace for increased scrutiny from the Australian Taxation Office (ATO) as Bitcoin surges in value. Bitcoin is inching towards its all-time high and it's all happening ahead of the financial year deadline. Bitcoin is currently hovering around $164,000, just short of its $175,258 all-time high. Koinly CEO Robin Singh told Yahoo Finance he expects it is likely it will break that record in the coming weeks and the ATO will be on 'high alert' to ensure investors are doing the right thing. 'Behind the Tax Office are real people, and unless they've been living under a rock, they're well aware that Bitcoin is booming. When Bitcoin rallies, so does ATO scrutiny,' he said. RELATED ATO superannuation warning as deadline for $30,000 deduction fast approaches $1,000 ATO school fees tax deduction that Aussies don't realise they can claim Centrelink age pension changes coming into effect from July 1 'We've seen this time and again, crypto is already a top priority for the ATO, and a rising market only sharpens their focus.' Historically, Bitcoin highs are often followed by profit-taking sell-offs and Singh said this was a 'pattern' the ATO knew well. 'That's why they'll be on high alert to ensure that Australian crypto investors are properly reporting capital gains. If you're sitting on realised profits and not declaring it, don't assume it'll go unnoticed,' he said. Bitcoin dipped around 3 per cent on Friday, but Singh noted it had rebounded faster than expected. 'Geopolitical tensions have historically led to higher volatility for Bitcoin. Because BTC didn't slide too far down this time, I'm even more confident in the overall market sentiment and its chances of reaching new highs before June 30,' he told Yahoo Finance. 'While most of the crypto market was anticipating new highs just days before the conflict broke out last week, I was genuinely gobsmacked that Bitcoin didn't fall further after the Israel-Iran tension started up again." Singh noted that spot Bitcoin ETFs recorded $1.37 billion USD in inflows last week alone — around $2.1 billion AUD — marking a straight week of uninterrupted inflows. Australian taxpayers are required to report all cryptocurrency-related capital gains, losses and income in their tax returns. Bitcoin is treated as a capital gains tax asset and when you sell it or exchange it for another currency, you trigger a capital gains event. That means you generate either a capital gain or loss. If you generate a capital gain, you need to pay tax on that. If you generate a capital loss, then you can carry that loss forward and offset it against capital gains in the future. Singh noted that the ATO received data from most major crypto exchanges, both domestic and international. 'If the ATO receives notification that a taxpayer has had crypto activity but nothing is reported — no gains, losses, or income — it raises a red flag,' he said. 'Worse still, if someone has had multiple years of crypto activity with zero reporting, the ATO is well within its rights to initiate a crypto audit. 'The biggest red flag isn't a bad trade, it's no trade being reported at all. If you've touched crypto and filed nothing, the ATO already knows, and they'll come knocking.' It comes after a Victorian judge ruled Bitcoin was another form of money, which means it could potentially be exempt from capital gains tax. This has led to claims that taxpayers who have paid capital gains tax on bitcoin transactions could be eligible for refunds, with the Australian Financial Review noting it would be collectively worth as much as $1 billion. But Singh said Bitcoin holders shouldn't be cheering just yet. 'The ATO has not updated its official position,' he warned. 'As it stands, Bitcoin and all crypto assets are still treated as property for capital gains tax purposes. And until the ATO explicitly says otherwise, relying on a single court decision to justify your tax position is very, very risky business.' Singh said taxpayers would still be on the hook to repay any unpaid tax. 'Until the ATO formally updates its guidance, plan your taxes as usual, because wishful thinking won't stand up in an audit,' he in retrieving data Sign in to access your portfolio Error in retrieving data
Daily Mirror
08-05-2025
- General
- Daily Mirror
Helicopter crash horror as aircraft slams into mountainside killing six
A helicopter carrying passengers to a pilgrimage site in India has crashed in the Uttarkashi district of Uttarakhand killing six people on board including the pilot, with one other person injured Six passengers have been killed after a helicopter carrying people to a pilgrimage site crashed into a mountainside. The aircraft was travelling on the Gangotri route in Uttarkashi district of Uttarakhand, India, when it came down in a forested area near Gangnani on Thursday morning. It has now been confirmed that six people on board including the pilot Captain Robin Singh have tragically been killed while another person has been injured. Eyewitnesses said the helicopter collided with a tree, prompting locals to begin sifting through the wreckage in an effort to assist any potential survivors. The crash site is located 200-250 meters down a gorge on a hillside near a village. Locals quickly arrived on the scene before rescue teams could reach the crash site in difficult terrain. The chopper had departed from Sahastradhara helipad and was en route to Kharsali when it crashed with four males and two females on board as well as the pilot. It is understood the passengers were pilgrims visiting the Char Dham, a set of four Hindu pilgrimage sites in India. The helicopter, operated by Aero Trans Service Pvt, crashed at around 8.40am near to Ganganani Nagraja Temple. Four of the passengers were from Mumbai and the other two from Andhra Pradesh, according to local reports. Uttarakhand Chief Minister Pushkar Singh Dhami said the State Disaster Response Force and district administration teams had arrived at the scene to provide relief and conduct rescue operations. "Very sad news has been received about some people getting injured in a helicopter crash near Gangaani in Uttarkashi. SDRF and district administration teams have immediately reached the spot for relief and rescue work," Mr Dhami said in a post on X. "May God grant peace to the souls of those who died in the accident and give strength to the bereaved families to bear this immense loss. "I have instructed the administration to provide all possible help to the injured and investigate the accident. I am constantly in touch with the officials in this regard and every situation is being monitored." And in a later post he wrote: "It is our top priority to make the journey of every devotee coming for Chardham Yatra safe, smooth and memorable. "We are improving the arrangements related to the Yatra every year, this is the reason why the number of devotees is setting new records every year." The exact cause of the crash is still under investigation. The District Magistrate of Uttarkashi is en route to the crash site to assess the situation. The survivors, three women, a child and the pilot, were found by local fishermen after it crashed into the Amazonas region of Bolivia. Officials launched a rescue operation on Thursday after the plane vanished off radars in central Bolivia.
Time of India
08-05-2025
- General
- Time of India
Helicopter crashes in Uttarkashi's Gangnani area, casualties feared
Crashed chopper DEHRADUN: A helicopter carrying seven people, including the pilot, crashed in the Gangnani area of Uttarkashi district in Uttarakhand on Thursday morning, with casualties feared .The chopper, operated by Capt. Robin Singh, had taken off from Sahastradhara helipad and was headed to were six passengers onboard, four men and two women, all Indian nationals.
Yahoo
05-05-2025
- Business
- Yahoo
ATO ‘blitz' sparks major tax warning for 6.2 million Aussies: ‘Already at risk'
Aussies are being warned to brace for surprise audits, huge tax bills or even investigations if they don't do the right thing when it comes to their cryptocurrency. The Australian Taxation Office (ATO)'s 'blitz' has begun, with the tax office using data-matching to crack down on investors. The end of the financial year is just around the corner and the ATO will be watching cryptocurrency activity. The ATO collects records from Australian cryptocurrency service providers on an ongoing basis to ensure people trading in crypto are paying the right amount of tax. Koinly CEO Robin Singh told Yahoo Finance the ATO's data-matching was already underway and cryptocurrency was no longer 'invisible' from the tax man. RELATED Accountant reveals 'easy' ATO tax hack giving Aussies 'big' $8,287 refunds Tax cuts, HECS debts, Medicare boost: All the major cost-of-living relief coming for millions of Aussies Intimidating salary now needed to afford a home in Australia 'If you think the ATO isn't watching, you're already at risk,' he said. "Whether you made $10 or $10 million, the ATO's data-sharing with crypto exchanges means they know you've had crypto activity throughout the financial year. And they've been tracking data for years." Data provided to the ATO includes cryptocurrency purchase and sale information. It has had a crypto data-matching program operating since April 2019. Generally, as an investor if you buy, sell, swap for fiat currency, or exchange one cryptocurrency for another, it will be subject to capital gains tax and must be reported. Investors may have a capital loss or capital gain, which needs to be included in their tax returns. If you've held onto a crypto asset for 12 months or more, you may be eligible for a 50 per cent capital gains Cassidy, CEO of micro-investment app Bamboo, said the last 12 months had been 'extremely volatile' for the crypto market due to broader economic conditions. 'Bitcoin has been steadily trending up due to institutional adoption, while alt coins such as Solana and Ethereum have had relatively poor performance," he told Yahoo Finance. "It is crucial for Australians to record both their crypto gains and losses due to the ATO treating cryptocurrency as property for capital gains tax purposes.' Singh said the 'smartest move' Aussies could make was to accurately report all crypto activity, even losses. He warned that missing or underreporting activity could lead to 'audits, penalties, or even criminal investigations'. "Even small sells, or trades from just a few dollars can trigger scrutiny. Unlike stocks, the ATO doesn't automatically have all your crypto transactions on hand, but thanks to data-sharing with crypto exchanges, any crypto activity, no matter how small, will trigger an alert,' Singh told Yahoo Finance. 'Whether you're filing your own return or working with an accountant, they'll see that you've had crypto activity. 'Ignoring potential gains or losses could lead to an audit, especially if you've held crypto for years without declaring any sales or trades.' If you've never sold, otherwise disposed of, or earned crypto through things like staking or airdrops, Singh said it was likely you had nothing to worry about. But he warned that even a small crypto move may need to be reported. "Just because you didn't get audited last year doesn't mean you're in the clear,' he said. 'It's increasingly likely the ATO's crypto data-matching will catch up to the same level of detail it already has for stock proceeds, and when it does, they may even be able to go back years and reassess everything. 'One of the biggest misconceptions is that crypto is only taxable when converting to cash, but the ATO treats every sale and swap as a capital gains event, while staking rewards and airdrops may be taxed as ordinary income.' The ATO has an online calculator and record-keeping tool that can help you work out your capital gains tax. Independent Reserve data found almost a third of Aussies currently own or have owned cryptocurrency. That works out to 6.2 million in to access your portfolio
