There is a reasonable possibility of a rally even if the Nifty 50 opens gap-down today. The proposed extension of the U.S.-Iran ceasefire backed by President Trump is generally viewed as a positive development because it reduces geopolitical risk and lowers the probability of major disruptions to oil supplies. Previous ceasefire announcements triggered strong rallies in GIFT Nifty, global equities, and risk assets. However, today's market reaction will depend on three key factors: Crude oil prices If Brent crude cools during the day, Indian markets may recover strongly because India is a major oil importer. Oil remains elevated due to uncertainty around negotiations and shipping through the Strait of Hormuz. Foreign investor sentiment (FII flows) Positive global risk sentiment can bring buying into banking, IT, and large-cap stocks. Ceasefire extensions have previously supported global equity markets. Market technical levels If Nifty opens weak but holds important support le...
India's ITR -1 return filing form released by Income tax department is applicable only for Individuals.
If you are planning to file your Income Tax Return(ITR), before filling ITR-1 for Assessment Year 2025-26(Financial Year 2024-25), it is advised to refer relevant provisions of Income Tax Act, Rules and Notifications for getting complete details. Income of spouse(other than those covered under Portuguese Civil Code) or minor are to be clubbed only if the source of income is within the specified limits as mentioned below. ITR - 1(SAHAJ) . ITR - 1 is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources upto Rs.50 lakh. 1. Salary/Pension. 2. One house property. 3. Other sources (interest received on enhanced compensation, interest from savings account, interest from deposits, interest from income tax refunds, any other interest income family pension, dividend etc.) 4. Agricultural income upto Rs.5000. Explanation ITR-1 cannot be used by a person (1) who is a Director in a company. (2) has held any unlist...