ITR filing FY 2024-25: The Income Tax Department has released excel utilities for ITR-2 and ITR-3, enabling taxpayers with capital gains and crypto income to file returns for AY 2025-26 by September 15, 2025. Key changes include revised capital gains schedules, updated asset/liability disclosure thresholds now applicable above ₹1 crore income, and mandatory TDS section…
Donald Trump is increasing tariffs on various countries. Canada faces tariffs due to fentanyl concerns. Brazil is hit with tariffs linked to political issues. Copper imports also face new duties. Tariff letters are sent to over twenty countries. Some countries are negotiating deals to avoid these hikes. Steel, aluminum, cars, and other sectors are affected.
Bitcoin surged to a new peak of $116,046.44 on Thursday, fueled by strong institutional demand and supportive crypto policies under the Trump administration. This rally marks a 24% increase for the cryptocurrency in 2025. Ethereum and altcoins like Solana, Dogecoin, and Cardano also experienced gains.
Stock market recommendations: Bajaj Broking Research suggests a positive outlook for Indian equities, anticipating Nifty to retest 25,800, supported by strong market internals and historical July performance. Bank Nifty is also expected to move towards 58,500, maintaining a bullish trend above its 20-day EMA.
HRA claims are under increased scrutiny, with tax officers rejecting claims lacking a clear money trail or appearing dubious. Even with proper documentation like rent receipts, claims can be disallowed if rent is paid to close family members without genuine financial transactions. Taxpayers must ensure claims are backed by credible evidence to avoid rejection.
