Newsletter | Income tax deductions under the new regime; AAP to protest outside PM Modi's residence & more 

A Delhi Traffic Police officer said movement is likely to be affected in parts of New Delhi and Central

Delhi due to the protest. Section 144 is imposed around the prime minister's residence and no one will be allowed to protest.

Tejas Network, the Tata Group unit, on Tuesday, March 26, said it has signed an MoU with Telecom Egypt, Information Technology Industry Development Agency (ITIDA) and the National Telecom Insitute (NTI), to replicate its experience of implementing the rural broadband project Bharatnet and national knowledge network (NKN) projects in Egypt.

Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for fiber-to-the-home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region, the Tata Group company said in a stock exchange filing.

Ashok Leyland has declared an interim dividend of ₹4.95 per share for the financial year ending 2023-24, the company said in an exchange filing.

The record date for determining the members eligible to receive the said dividend has been fixed on Wednesday, April 3. The said interim dividend would be paid on or before April 23, 2024.

#TechTalks📱

Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc. face the risk of potentially hefty fines as the European Union opened a full-blown investigation into the firms’ compliance with strict new laws reining in the power of Big Tech.

The European Commission said Monday that Apple and Google’s app store rules will be targeted in the first probes under the bloc’s Digital Markets Act, how Google search results might unfairly preference its own services and how Apple may make it harder for users to choose alternatives to its Safari browser.

Samsung is committed to bringing artificial intelligence (AI) and hyper-connectivity to the Indian market, according to Jong-Hee (JH) Han, Vice Chairman and CEO of Samsung Electronics.

"India is the next big playground for AI and our flagship Samsung BKC store is an embodiment of our ‘AI for All’ vision and will showcase ‘One Samsung’. At the various zones of the store, consumers can see our AI vision in reality and experience how smarter, better experiences will redefine how we live," Han, who also heads Samsung's Device eXperience (DX) Division, said during his recent visit to Samsung BKC at Jio World Plaza, Mumbai.

#PersonalFinance💰

As the end of the financial year 2023-24 approaches, investors must be seeking avenues to minimise their tax burden and increase savings. Given the availability of two income tax regime options, it's likely that certain taxpayers have opted for the new regime, characterised by lower tax rates albeit fewer deductions.

Introduced under Section 115BAC in Budget 2020, the new tax regime has now become a default option. If you do not opt for either regime, the new one will be automatically selected.

With just two weeks left until the deadline, taxpayers should file their updated income tax returns (ITR) for the financial year 2020-21. The deadline for filing these updated returns is March 31, 2024.

This provision, introduced by the Finance Act of 2022, allows taxpayers who missed filing their return for the said financial year or failed to report any income to file an updated ITR or ITR-U.

It facilitates the inclusion of additional information, ensuring accuracy and compliance with tax regulations.

#DailyData📈

Daily Data

#LokSabha2024👆

The Scindias, the influential members of the erstwhile royal family of Gwalior, have moved effortlessly between different political parties when it comes to fighting electoral battles on their home turf and Union Minister Jyotiraditya Scindia will carry forward this tradition when he files his nomination as the Bharatiya Janata Party candidate from the Guna Lok Sabha seat in Madhya Pradesh.

The BJP has dropped as many as seven sitting Members of Parliament from Uttar Pradesh in its fifth list of candidates for the Lok Sabha elections, including Union minister VK Singh from Ghaziabad and former Union minister Santosh Gangwar from Bareilly. However, the absence of Varun Sanjay Gandhi from the names picked for the 2024 battle has stood out from the rest. Uttar Pradesh minister Jitin Prasada has been fielded instead from Pilibhit — a seat held between Varun and his mother Maneka Gandhi since 1996.

A year before Narendra Modi burst onto the national scene, Varun Gandhi was made BJP’s national general secretary and in-charge of West Bengal. However, he hardly ever showed interest in organisational work. It was Bengal’s co-incharge Siddharth Nath Singh who would function on his behalf.

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