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Earned Income

Compensation received due to your physical or mental efforts and activity. Includes wages/salary and net earnings from self-employment. Does not include passive income such as interest, dividends, or capital gains.
Examples: You or your spouse must have earned income in order to contribute to a traditional or Roth IRA.

News On Earned Income
HPCL, BPCL up 2-4%; Brent crude oil falls below $60/bbl

16-12-2014| Source:Moneycontrol.com

Low crude prices will help oil marketing companies reduce underrecoveries on sale of subsidised kerosene and LPG gas. These companies have already been earning income on petrol and diesel as Brent

HNIs play F&O for fake profit, loss to dodge cap gains tax

04-12-2014| Source:Moneycontrol.com

Short term capital gains tax liability can be lowered by showing fake losses through derivatives trading, and unaccounted money can be shown as profits earned from the trades.

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