RETURNS IN 2017
ITR filing deadline should be permanently extended beyond July 31: Salaried get only 45 days to file tax returns
ITR filing deadline extension: The due date to file income tax return by a salaried individual is July 31, 2024 for FY 2023-24 (AY 2024-25). However, in reality salaried taxpayers get only 45 days to file their income tax return. Here are some reasons and why there is a need for permanent ITR filing deadline extension.
Possible Trump return looms over NATO's Washington celebration
Leaders of NATO member states are arriving in Washington this week to deepen support for Ukraine amidst the challenge posed by the possible return of former U.S. President Donald Trump. This comes after a debated gaffe by host Joe Biden on June 27, which has boosted Trump in the polls ahead of the November 5 election, potentially disrupting Washington's foreign policy.
ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regime
Income tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund amount. According to CA Shreya Jaisal, "You can still claim additional deductions in your ITR even if they are not appearing in your Form 16, provided you have legitimate proof for it."
India Playbook 2024: Where to invest conundrum?
Retail investors favor small-cap stocks due to high returns. Large-caps trade at a valuation discount to small-caps. Domestic ownership prevails in small-caps, with retail investors holding a significant share. Opportunities exist in Finsumption, Capex, and Make in India themes favoring small and mid-cap companies.
Nifty logs positive returns 9 times in 10 years in July, FIIs net buyers on 8 occasions
Nifty historically delivers positive returns in July with FIIs being net buyers on 8 out of 10 occasions. The month usually ends favoring the bulls, with FIIs making significant investments in Indian equities, indicating a positive sentiment for the market.
Global funds most bullish on Indian equity futures since 2017
The number of index futures contracts held by global funds with bullish interest versus those with bearish bets rose to 140,835, the highest in seven years, according to data compiled by Bloomberg.
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Disney's Aladdin 2: All you may want to know
Aladdin 2 is confirmed, but its future seems to be uncertain. Despite initial momentum, updates are scarce, and star Mena Massoud expressed doubts about the sequel's progress, suggesting the project may be stalled indefinitely.
What needs to be on returning Finance Minister Nirmala Sitharaman’s to-do list
Back as FM, Sitharaman’s new challenges include economic costs of climate change, low job creation & tepid private investment
Up to 1,800% returns! How RVNL, Titagarh, other railway stocks performed in Ashwini Vaishnaw’s last stint
Railway stocks like RVNL and Titagarh delivered up to 1,800% returns in Ashwini Vaishnaw's last tenure. Analysts predict continued focus on power and railways sectors for long-term growth.
Jitin Prasada - Brahmin face from UP - returns to Centre after 10 years
Jitin Prasada, a prominent Brahmin face of Uttar Pradesh, returned to the Centre after joining BJP in 2021. He was a minister in Manmohan Singh governments and a key figure in Rahul Gandhi's 'young Turks' group.
Piyush Goyal returns as Union minister in new avatar as 1st time Lok Sabha member
Piyush Goyal, 59, who has been a Rajya Sabha member since 2010, eloquently articulated the government's position on different occasions during debates on various issues in the Upper House of Parliament.
Investment returns during coalition govt: Modi 3.0 might be good for stock market, mutual fund investors, show trends during previous govts
How will be Modi 3.0 for investments? The stock market experienced a sharp decline following the Lok Sabha elections 2024, causing concern among young investors. They are worried about their investments as a coalition National Democratic Alliance (NDA) government prepares to take oath on June 9, 2024. Will the volatility in the stock market continue? How will NDA-3.0 be for your hard-earned money? Is there a bad government for your investments? Should the incoming government worry debt investors? Should you invest in equities, mutual funds or debt instruments? Questions such as these are worrying investors. So here are some answers that should give an idea of what is in store for you in the next five years.
Power a structural story; expect a lot of opportunities in this sector: Madhu Kela
I do not think the bull market is over. I am sorry I will correct you. I do not think the bull market is over. I think the easy money is over. You could buy anything and make money that is over. I think now it is a more difficult part.
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Wall Street returns to T+1 stock trading after a century
The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system.
Chicago P.D: Here’s why Tracy Spiridakos is leaving and will she ever return?
"Chicago P.D." has captivated audiences with the intense exploits of Sergeant Hank Voight and his elite Intelligence Unit. Since its debut on January 8, 2014, this crime drama has become a television staple, renowned for its gripping storylines and diverse cast of characters.
Young Sheldon: Here’s why the show won’t return for Season 8
Following the unprecedented success of "The Big Bang Theory," its prequel "Young Sheldon" has established itself as a beloved sitcom with a unique comedic voice.
Donald Trump may owe $100 million from double-dip tax breaks, audit shows
The New York Times and ProPublica revealed that Donald Trump employed a questionable accounting tactic to claim improper tax breaks on his Chicago tower, facing a potential $100 million+ tax bill. In recent months, Trump has also been ordered to pay $83.3 million in a defamation case and an additional $454 million in a civil fraud case brought by New York Attorney General Letitia James.
Delhi HC asks NBCC to return Rs 76L with interest to homebuyer, awards Rs 5L compensation
In the order passed on May 8, the court observed that the petitioner has been deprived of his money for the last 10 years and "structurally defective houses" have been constructed, leaving him in a complete lurch, and NBCC should be "dealt with severely" for reluctance to pay interest on the amount and ensuring the petitioner's rehabilitation.
Gold delivers 16% gains from last Akshaya Tritiya. What is the outlook for next year?
The cost of 10 grams of gold currently deviates by approximately Rs 3000 or 4% from its peak value. Gold enthusiasts can seize the chance to purchase the precious metal on the auspicious occasion of Akshaya Tritiya, slated for May 10, Friday.
Sovereign gold bonds premature withdrawal in May can earn 16.5% returns; key points to keep in mind while exiting SGB early
Sovereign gold bonds premature withdrawal: Investors holding SGBs issued earlier can redeem them prematurely in May with potentially attractive returns due to rising gold prices. How much tax will you have to pay if you withdraw prematurely? Should you withdraw your sovereign gold bonds early? ET Wealth Online explains the nitty-gritty of premature withdrawal of sovereign gold bonds and the key aspects an investor must consider before going for it.
Will Arvinder Singh Lovely's return to BJP hurt AAP-Congress prospects in Delhi's Lok Sabha polls?
Former Delhi Congress president Arvinder Singh Lovely, along with ex-minister Raj Kumar Chauhan and former MLAs Neeraj Basoya and Naseeb Singh, joined the BJP. They criticized the Congress-AAP alliance for the Lok Sabha polls. This follows Lovely's recent resignation from Delhi Congress presidency, citing dissatisfaction with the AAP alliance and candidate choices. This marks Lovely's second stint with BJP after a brief tenure from 2017-2018.
Cricket: Pakistan call up Mohammad Amir, Imad Wasim for T20 series against New Zealand
Mohammad Amir, who was jailed in 2011 for his part in a spot-fixing scandal, served three months in prison and a five-year ban from all forms of cricket before returning to the Pakistan squad in January 2016. Part of the team that won the 2009 T20 World Cup and 2017 Champions Trophy, Amir last played international cricket against England in August 2020. He has continued played in franchise T20 leagues.
Zoe Saldana advocates for return of 'Guardians of the Galaxy' to the Marvel universe
Zoe Saldana, known for her role as Gamora in Marvel's "Guardians of the Galaxy," expresses strong support for bringing back the beloved franchise to the Marvel Cinematic Universe. She believes it would be a significant loss for Marvel not to reintroduce the fan-favorite group, emphasizing the unique voice of director James Gunn in shaping the series. While Saldana hints that her time as Gamora may be over, she remains optimistic about the character's future.
Taylor Swift's 2017 album 'Reputation' may be re-released soon. Here is what we know about it
The sale of 'Reputation' has surged this week in terms of pure purchases and it is incredibly impressive for a studio effort that has been out for so long. According to Luminate, this Taylor Swift album sold 1,911 copies in the U.S. 'Reputation' has also returned to Billboard’s Top Album Sales chart.
March 31 is the last date to file ITR-U for AY 2021-22; If you miss, be ready to pay up to 200% of the income tax evaded
Income tax updated return: March 31, 2024 is the last date to file an updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21). Do note that ITR-U may be used to fix errors like under-reporting or misreporting of income, or any other errors in the previously filed ITR. Once the deadline to file ITR-U is over and you are caught evading taxes penalty up to 200% of the tax evaded can be levied.
Return to simultaneous polls recommended by EC in 1983, Law Commission in 1999, Niti Aayog in 2017: Kovind panel
The Law Commission studied the various issues involved in the conduct of elections and recommended in its reports of 1999, 2015 and 2018 (draft) the adoption of the practice of simultaneous elections to free citizens, political parties and government authorities from the encumbrance of asynchronous elections.
Jose Altuve signs contract with Houston Astros; to get $125 million for 2025-29
Jose Altuve has signed a five-year, $125 million contract extension with the Houston Astros, covering 2025-2029. Altuve, a three-time batting champion and 2017 AL MVP, has been a pivotal player for the Astros, contributing to their two World Series titles and earning the Male Athlete of the Year in 2017.
Wait for unprocessed income tax refund to get longer; deadline extended by 3 months
Income tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by the income tax department would now get their income tax refund by April 30, 2024. However not all individuals would get tax refund, read here to know who gets and who does not.
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