Indian stock market replaces Indonesia as Asia’s least-preferred market in BofA survey

The day’s action features England vs South Africa and China vs India in Pool D, while hosts Belgium will take on New Zealand in a Pool C encounter later in the evening.

A ₹79.25 lakh gratuity deduction was initially denied after the taxpayer reported it under the wrong ITR schedule and omitted it from Form 3CD. ITAT Chennai ruled that a genuine Section 43B claim cannot be denied merely because of an inadvertent reporting error.

Mark Matthews of Julius Baer predicts crude oil prices may drop to $60 a barrel amid geopolitical concerns. While higher supply from Gulf producers could stabilise prices, sustained low prices are unlikely. The impact on consumers may be limited due to taxes and refinery costs in India.