OnePlus 5 launch imminent; company halts ‘flagship’ OnePlus 3T production

OnePlus 5 is due to be launched soon and it will feature Qualcomm’s latest Snapdragon 835 processor

OnePlus has announced that its latest flagship OnePlus 3T, will soon be discontinued. The production of OnePlus 3T has already reached the end of its production life, and sale of the devices will continue till the stock lasts.

The latest development comes days after the company’s CEO revealed that the next flagship smartphone OnePlus 5 will be launched soon and will feature Qualcomm’s latest Snapdragon 835 processor.

Recently, the China-based smartphone manufacturer OnePlus teamed up with DxO, a software company with expertise in image processing software, to enhance the photography capabilities of the upcoming OnePlus 5 smartphone.

Also Read : Smartphones, TVs with new colour-changing surface offer 3 times resolution

In a blog post on the OnePlus official forum, the company said: “We are happy to announce that we have teamed up with DxO to enhance your photography experience with our upcoming flagship, the OnePlus 5. DxO is perhaps most well-known for creating the defining photography benchmark, the DxOMark. They’ve got years of imaging experience and expertise, both for professional cameras and for smartphones.”

“But we can only go so far in telling you that we’re excited to be working with DxO. Our friend Etienne Knauer, SVP Sales & Marketing at DxO, had this to say: “OnePlus has always been one of the leading innovators in the smartphone industry, and we are proud to partner with them and support their exciting mobile photography strategy.” (more)

India rise to 101 in FIFA rankings, best ever since 1996

India have jumped 31 places from its last rank of 132nd in the previous month

The Indian football team achieved its best-ever FIFA ranking in over two decades as it jumped to 101 in the latest list released on Thursday.

This is the team’s best-ever ranking since May 1996 – it was ranked 101 then also.

India have jumped 31 places from its last rank of 132nd in the previous month.

Following a couple of wins in recent times, India are now ranked 11th in Asia.

The highest FIFA ranking achieved by India ever is 94, which was attained in February 1996. India were ranked 99 in November 1993 and 100 in October 1993, December 1993 and April 1996.

The last couple of years had been fruitful for India as they won 11 of their 13 matches, including an unofficial game against Bhutan, while scoring a total of 31 goals.

India recently posted a 1-0 victory over Myanmar in the AFC Asian Cup qualifiers — their first-ever in Myanmar in over 64 years.

Before that India’s first win in an away encounter in over a decade came when they beat Cambodia 3-2 in an International Friendly.

The 4-1 win at home for India last year against Puerto Rico was also commendable.

“It has been a difficult road. Bringing in new blood and creating competition for places in the team has been a process, and I’m pleased we are moving in the right direction,” India coach Stephen Constantine said. (more)

Claiming HRA to get harder as govt cracks down on fake house rent receipts

I-T department could now ask for supporting documents to prove that you are a genuine tenant

If you have been producing fake rent receipts to lessen your tax burden there is a bad news for you now.

You may no longer be able to claim income tax deductions for house rent allowance (HRA) by fabricating fake bills. The income tax department may now ask for proof from the tax payer showing that he is a genuine tenant.

According to a report in Economic Times, Dilip Lakhani, senior tax advisor, Deloitte Haskins & Sells LLP said, “The ITAT (Income Tax Appellate Tribunal) ruling has now laid down the criteria for the assessing officer to consider the claim of a salaried employee and if necessary question its justification. This will put the onus on the salaried class to follow the rules in availing the tax rebate.”

ITAT Mumbai recently struck down the HRA exemption claim of a salaried individual for rent paid to her mother. This opens a pandora’s box for all salaried people as now an IT officer can ask for proof such as leave and licence agreement, letter to the housing co-operative society informing about the tenancy, electricity bill, water bill and so on.

Till now, a salaried person receiving HRA could escape paying tax on 60% of the amount by submitting a rent receipt. Now, it may not be possible as the department could ask for supporting documents.

This Tribunal ruling comes a few months after the government’s decision to cap the loss on property bought with borrowed money. According to this ruling a person producing fake rent receipt will be deemed as counterfeit and no required documents will be available with him. There may not be any genuine rent outflow from the person and in some circumstances even if the person is a genuine tenant, the amount mentioned in the receipt may be more than what’s paid.

However, if you pay more than Rs 1 lakh annually towards house rent, then quoting landlord’s PAN is mandatory for claiming tax benefit under House Rent Allowance.

Virtual boost: Baahubali-2 may change the way sports is watched at homes

Radeon Technologies is now trying to extend VR technology to live-streaming of sports like cricket

Soon, the experience of watching sports sitting in your living room would get a virtual boost.

Radeon Technologies Group, a part of chip maker AMD, is out to change the way people watch sports at home.

Using a virtual reality (VR) headset, the company wants to give a 360-degree view of a sporting arena to a viewer. The living room would suddenly be in the middle of a stadium. A viewer with a VR headset would get a glimpse of every inch of the stadium by moving his head towards the direction he wants to see.

“We are talking to people in the sporting world for live streaming of matches on our VR platform,” Raja Koduri, senior vice-president of Radeon Technologies Group, who heads the graphics processor development initiative of AMD, told Business Standard. “We hope to make some announcements in this regard in the second half of this year.”

Radeon perfected the technology for live streaming during its collaboration in the making of Baahubali 2, said Koduri.

“The tools that were used in the making of Baahubali 2 were 10 times better than what were used to make the first Baahubali. Part 2 contains two trillion pixels of graphics. There was not a single frame without VR content.” Read more