The Finance

Balasore (Odissa)  Principal of an autonomous college in Balasore district of Odissa state in India has been arrested on monday in connection with an attempted suicide of a college student in the campus by setting herself on fire. Following the incident the student sustained serious burn injuries was admitted in Balasore District Hospital initially and shifted to AIIMS for advanced treatment. Suspended   The Principal was suspended after the student of B. Ed course attempted suicide by setting herself on fire. No action taken  Inaction from the part of college authorities over her sexual harassment complaint against her professor who sexualy harassed her. The Higher Education Department said in their suspension order that the Principal had failed to handle the complaint in proper manner and also failed to performing his duty as Principal in this regard. The father of the student alleged that the Principal gave pressure over his daughter to withdraw complaint against the P...

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...

 03 July 2025 DJIA rallied on 03 July 2025 and closed 344.11 points higher at 44828.(Updated 03 July 2025,1.43 p.m EDT).