Global geopolitical tensions are increasingly shaping economic trends across the world. From regional wars and trade restrictions to supply chain disruptions and strategic competition between major powers, the global economy is entering a period of uncertainty. At the same time, many analysts believe the United States economy could remain comparatively stronger than several other major economies despite these challenges. But how can the global economy slow down while the US economy performs relatively better? Let us examine the reasons behind this emerging trend. How Geopolitical Issues Affect the Global Economy Current geopolitical developments include: Ongoing regional conflicts Trade disputes and economic sanctions Strategic rivalry between the United States and China Rising defense spending Energy market instability Supply chain disruptions These developments create uncertainty for businesses and investors worldwide. As a result: International trade may slow ...
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...