THIRD PARTY PROPERTY
How to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25)
File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the income tax department's e-filing website. ITR-1 form is also known as Sahaj. Individuals having income from salary, house property, interest and dividend incomes can use ITR-1 to file income tax return.
China's June factory activity contracts again, services slows
China's economic indicators for June painted a challenging picture, with manufacturing activity stagnating and services slipping to a five-month low, according to an official survey released on Sunday. The Purchasing Managers' Index (PMI) remained unchanged at 49.5, below the growth threshold of 50, indicating ongoing economic struggles despite some positive signals in industrial production. Analysts noted that while exports have been a strong driver, both domestic and external demand remain insufficient to fully utilize China's manufacturing capacity, prompting calls for additional policy support to stimulate growth.
Xi says China planning 'major' reforms ahead of key political meeting
Chinese President Xi Jinping said Friday the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda. Xi said in a speech on Friday policymakers "are planning and implementing major measures to further deepen reform in a comprehensive manner".
US religious freedom report notes violence against Indian minorities
The U.S. State Department's 2023 report on religious freedom in India detailed violent attacks on minority groups, including Muslims and Christians, involving killings, assaults, and vandalism of houses of worship. The report, released on Wednesday, stated that senior U.S. officials have continued to address concerns about religious freedom with Indian counterparts.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
Who is Pawan Kalyan's Russian wife, Anna Lezhneva?
Pawan Kalyan's political triumphs with Jana Sena Party were marked by his election as Andhra Pradesh Assembly floor leader. His wife, Anna Lezhneva, a former Russian model-actress, played a visible role in his recent victory, embodying their union amidst public scrutiny over their relationship, which began during the filming of "Teen Maar" in 2011, leading to their marriage in 2013.
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Modi oath-taking: Overseas Friends of BJP to celebrate PM Modi's third swearing-in across 22 US cities
Supporters of Indian Prime Minister Narendra Modi are organizing celebrations in 22 US cities to mark his third swearing-in. Overseas Friends of BJP-USA is coordinating events in cities like New York, Washington DC, and Los Angeles. The group plans to strengthen India-US relations and advocate for voting rights for overseas Indians.
Higher probability of re-rating and relative outperformance in volatile markets: 5 metal stocks with upside potential of up to 37%
Whether one likes it or not, the fact is that sectoral trends dominate the market move and sectoral rotation does take place. But if one looks at sectoral rotation, most of the time there is an underlying fundamental reason why sectoral rotation takes place. If one looks at the performance of the metal sector stocks in the last few months, there are indications that some amount of money is flowing back to the sector. Even in the last four trading sessions which were very volatile, it has been metal stocks, which have shown relative strength. It is probably because of two reasons, first the fact that After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. Second, recovery in China seems to be gathering pace and the fact is, there are some filing which one can see on stock exchanges, around increase in prices by some companies. It would be better to have them on watchlist because they have shown a tendency to see sharp spikes even before the news comes.
Delhi excise policy: ED attaches Rs 115-cr worth assets of its 2 approvers
Enforcement Directorate attached assets worth over Rs 115 crore of two approvers in Delhi excise policy money laundering case.
How to navigate IP challenges in the rise of social media
While social media has created immense opportunities for engagement and expression, it has also raised a myriad of legal challenges, particularly concerning intellectual property (IP) rights including issues around content ownership, digital rights management, deep fakes etc.
IMF revises China's GDP to 5% this year; growth may decelerate to 3.3 per cent by 2029, says Gita Gopinath
The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world's second-largest economy which is grappling with a slowdown triggered by the crippling property sector crisis and industrial overcapacity.
Dalal St is likely pricing in a Modi 3.0 but election winners already have a bitter household burden
India's stock market hit an all-time high last week, as investors anticipate a third term for Prime Minister Narendra Modi will boost corporate profits. However, consumer debt poses a significant risk. Slow wage growth, high interest rates, and heavy borrowing have strained spending for over 300 million families. Despite this, investors expect post-election growth in private capital expenditure and infrastructure projects
Intent, welfare steps, nation first will give NDA third term: PM Modi
Prime Minister Narendra Modi claimed people support him for a third term due to good intentions, welfare policies, and dedication. He criticized the Samajwadi Party and Congress in Uttar Pradesh for law and order issues and proposed Muslim reservations from existing quotas.
₹80 cr security must for BharatPe co-founder Ashneer Grover and wife Madhuri Jain's US Visit
The couple will also have to submit all the details of their stay, hotels, travel, and phone numbers with the court and the investigative agencies. Besides, the HC also restrained them from creating third party rights on the shares of BharatPe held by them. The court said that one of the parties would stay in India as a "mortgage" while the other travels.
"Intellectual property of the bank": SBI once again refuses to disclose SOPs on sale, redemption of electoral bonds
In response to a Right to Information Act appeal, State Bank of India (SBI) has again refused to disclose the standard operating procedures (SOPs) for the sale and redemption of electoral bonds. SBI justified the denial by stating that the information is held in "commercial confidence," constitutes the bank's "intellectual property," and is intended solely for internal staff use.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
At election rally, PM Modi asks people to choose between 'vote jihad' and 'Ram Rajya'; slams Congress
Addressing an election rally in Madhya Pradesh's Khargone district, PM Modi hit out at the opposition Congress, saying its intent is very dangerous and alleged it calls for "vote jihad" were directed against him. "India is at a turning point in history; you have to decide if 'vote jihad' will work or Ram Rajya," the BJP's star campaigner told the gathering.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
China to hold key party 'plenum' to further modernise country, amid challenges at home, abroad
President Xi Jinping will lead the Chinese Communist Party's central committee in a July plenum focusing on reforms and modernising China amid a subdued economy, addressing challenges like effective demand and domestic circulation.
PM adds fuel to Cong's redistribution row, says party will eye properties of others but not of Waqf board, minorities
As India wraps up the initial two phases of the 18th Lok Sabha, Prime Minister Narendra Modi launched a blistering critique against the primary opposition party. He asserted that when the Congress discusses redistribution, it avoids addressing properties belonging to minorities or those under the Waqf board, while targeting assets of other communities.
BJP tops Google ad spends as parties splurge Rs 117 crore since January
The ruling Bharatiya Janata Party (BJP) was the biggest spender on political ads. The party spent as much as Rs 39 crore, or one-third of the total amount, on ads on Google from January 1 to April 10. The Central Bureau of Communication (CBC) – the government’s nodal agency for advertising – follows on second place, with Rs 32.3 crore in ad spend, data showed.
Gurugram RERA denies extension for Godrej Developers project
The Real Estate Regulatory Authority (RERA) in Gurugram has denied Godrej Developers' application for project extension due to non-compliance with the Real Estate (Regulations & Development) Act 2016. Despite reminders, the promoter failed to rectify deficiencies in the application, including license renewal and bank balance details in quarterly progress reports.
Top 7 cities record 15.16 million sq ft gross office leasing in March quarter
The leasing performance in the March quarter is trailing only to the levels of 17.3 million sq ft witnessed in the first quarter of 2020. It has set the platform for India’s office market to reach and even surpass the peak activity levels witnessed in 2023.
Haute House: Karl Lagerfeld's luxurious, 8-room Parisian home fetches $10 mn at auction
.Lagerfeld found the eight-room apartment, which is on the third floor of a 17th-century building and overlooks the Seine and the Tuileries, 20 years ago while reading Maison & Demeure magazine.
Are select metals prices indicating China’s economic revival? 5 metal stocks with upside potential of up to 23%
Few days back, there was a sudden spurt in oil prices, though they might have cooled down a bit. The question is why this sudden spurt when there has not been any rise in tension in the Middle east and it is not even the peak season where demand for heating oil could have led to sudden rise. Now combine this with price trends in some non ferrous metals like copper which have inched upward to form a one year high. While to some it might appear far-fetched at this point of time as there have been many false starts, are the commodity markets giving an indication that finally there are some green shoots in the Chinese economy? The risk is the US election result. Will the election results help in resolving the trade issue or continuation of the issues ?
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Will you be able to buy Trump Tower at auction? Not anytime soon
New York state could move to seize Donald Trump's properties if he fails to post a bond covering a $454 million judgment, including Trump Tower and Mar-a-Lago. The process is complex and could take over a year, resembling a bank foreclosure rather than an immediate takeover. Legal battles and potential property auctions loom ahead.
Miscreants fire at Congress' Alfred Kan-Ngam Arthur for the third time
A public meeting of Congress party's candidate for Outer Manipur constituency, Alfred Kanngam Arthur, was disrupted by armed miscreants. This marks the third targeted attack on Arthur, following attacks on him on Monday and Tuesday. Manipur Pradesh Congress Committee President K Meghachandra has called for security measures to protect Arthur from attacks in the Ukhrul district.
I-T dept attaches assets worth Rs 150 crore after raids in 'benami' case against SP leader Abu Azmi
Benami means 'no name' or 'without name' and such properties are those in which the real beneficiary is not the one in whose name the property has been purchased. The department had raided at least nine premises on October 5 and had raided some alleged benamidars (in whose name a benami property is standing) allegedly linked in this case.
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