ITR filing: Claiming HRA to reduce tax outgo? Rent receipts alone may not suffice - why your claim can be rejected

Former President Donald Trump is ramping up tariffs on multiple countries, sparking fresh trade tensions. Canada is facing new duties over fentanyl concerns, Brazil is being targeted for political reasons, and even copper imports are getting hit. Over twenty countries have received tariff notices, with some scrambling to negotiate exemptions. Key industries like steel, aluminum, and autos are in the crosshairs—raising fears of higher costs and economic ripple effects.

Editor’s Note: Trade wars aren’t just political theater—they hit wallets. If these tariffs stick, everyday goods (from cars to construction materials) could get pricier, supply chains might snarl, and retaliatory measures could hurt U.S. exporters. It’s a high-stakes game with real consequences for businesses and consumers, not just diplomats.

Panasonic is reportedly hitting pause on its plans to expand electric vehicle (EV) battery production in the U.S., according to Nikkei. The delay comes as Tesla—one of Panasonic’s biggest customers—sees slower-than-expected sales growth, making the company rethink its investment timeline.

Editor’s Note: This isn’t just about Panasonic—it’s a ripple effect from Tesla’s cooling demand. Slower EV sales are forcing suppliers to adjust, which could mean delays in battery supply or even higher costs down the line. For the broader EV market, it’s a sign that the breakneck growth of recent years might be hitting some speed bumps.

Indian stock markets had a rough start today, with both the Nifty50 and BSE Sensex dropping right out of the gate—the Sensex alone fell more than 250 points. The dip seems tied to global jitters, particularly around former U.S. President Donald Trump’s latest talk of tariffs, which is making investors nervous.

Editor’s Note: When big indices like the Nifty50 and Sensex stumble early, it often sets the tone for the trading day. Trump’s tariff chatter is a reminder of how global politics can ripple through markets, especially in trade-sensitive economies like India. For everyday investors, it’s a heads-up to brace for potential volatility—or at least keep an eye on the news.

Tesla is finally planting its flag in India, with its first store set to open in Mumbai on July 15. This marks a major step for Elon Musk’s EV giant as it taps into one of the world’s fastest-growing car markets—though questions linger about pricing and infrastructure challenges in a country still warming up to electric vehicles.

Editor’s Note: India’s EV market is tiny but full of potential, and Tesla’s arrival could shake things up. While it’s a win for luxury EV buyers and a signal of India’s economic appeal, the real test will be whether Tesla can adapt to local realities—like high import costs and patchy charging networks—or if this ends up being a flashy but niche move. Either way, it’s a big moment for India’s clean energy ambitions.

Amazon is offering a sweet last-minute deal on a Sony soundbar during the final stretch of Prime Day. Normally priced at $160, the voice-enhancing soundbar—touted as the "best choice in soundbars"—is now just $98. If you've been on the fence about upgrading your TV audio, this might be your nudge.

Editor’s Note: Prime Day deals can be overwhelming, but this one stands out for anyone wanting clearer dialogue and better sound without breaking the bank. It’s a solid discount on a well-reviewed gadget, and with time running out, it’s worth a quick look if you’re in the market. Deals like this don’t stick around long.