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Income Tax

Jul 23, 2014 at 10:48 | Source: CNBC-TV18
Total income is expected to rise by 3 percent to Rs 1,804 crore in June quarter from Rs 1,751 crore in same quarter last year while profit after tax may grow 32.7 percent on yearly basis to Rs 52.6 crore in second quarter of current calendar year 2014 led by operational performance, according to CNBC-TV18 poll estimates.
Jul 22, 2014 at 12:00 | Source: Moneycontrol.com
Asian Paints gained more than 2 percent ahead of Q1 earnings. According to CNBC-TV18 poll estimates, analysts expect consolidated profit after tax to rise 20.9 percent on yearly basis to Rs 333 crore and total income to grow 18.2 percent to Rs 3,330 crore during the quarter.
Jul 22, 2014 at 10:22 | Source: CNBC-TV18
According to CNBC-TV18 poll estimates, analysts expect profit after tax to increase 2.2 percent to Rs 179 crore in June quarter from Rs 175 crore and net interest income may jump 12.6 percent on yearly basis to Rs 479 crore in the quarter gone by.
Jul 21, 2014 at 12:26 | Source: PTI
The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore.
Jul 19, 2014 at 11:29 | Source: Moneycontrol.com
Equity Mutual Funds NAVs closed in green as the markets gained for the fourth consecutive session with the Nifty closing above 7650 level despite weak global cues on geo-political tensions.
Jul 17, 2014 at 20:14 | Source: PTI
These InvITs can be listed on the stock exchanges, will get tax benefits and will invest the funds collected from investors in infrastructure projects, including PPP.
Jul 17, 2014 at 16:06 | Source: Moneycontrol.com
The Income tax exemption limit has gone up from Rs.2 Lakhs to Rs.2.5 Lakhs, for those below 60 years and the exemption limit has moved to Rs.3 Lakhs from Rs.2.5 Lakhs for Senior citizens.
Jul 17, 2014 at 16:03 | Source: Moneycontrol.com
By allowing additional tax benefit of Rs. 50000 under Section 80C of Income Tax Act and enhancing PPF investment limit to Rs.1.5 lakhs, the budget has given a clear message to the common investor which is if you have additional Rs. 50000 to be invested, please put this money in PPF.
Jul 17, 2014 at 11:08 | Source: Moneycontrol.com
In 5,327 surveys conducted in FY14, the I-T department has unearthed undisclosed income worth Rs 10,791.63 crore and unreported income of Rs 90,390.71 crore, official data suggests.
Jul 17, 2014 at 10:33 | Source: PTI
Lakshmi Vilas Bank's total income moved up to Rs 587.12 crore from the Rs 532.45 crore in the year-ago period, while the net profit before tax moved up to Rs 37.15 crore as against the Rs 34.34 crore in the year-ago period.
Messages on Income Tax »

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Budget  

Source:NDTV Profit - Finance Minister Arun Jaitley is expected to double exemption limit on long-term financial savings to ease tax burden on the middle class in his maiden budget on Thursday, sources told NDTV. Currently, the income tax exemption limit on such savings is ...

12.27 PM Jul 8th

R Jagannathan

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Budget  

of my hat on this front. Taxation should be stable and predictable, and not yo-yo from year to year. This has largely been the case over the last few years, but in future we will have even stabler regimes. My proposals in terms of individual income tax are the following. The basic exemption rate

11.22 AM Jul 8th

Rishabhluck
y

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Indian indices  

in the Form 16 from your employer with the details in the Form 26AS. If your bank or bond issuer has deducted tax on the interest income, it would be in this statement. You can access the Form 26AS on the Income Tax department`s e- filing portal. Via continue

8.03 PM Jul 7th

uuuthh

Platinum Member

596 Followers

Indian indices  

Big tickets that would continue the bullish rally in Nifty Good news for some sectors: # Oil and Gas sector - Phased reduction in LPG/Kerosene subsidy # Tax slabs - Income tax slabs to be raised from 2,00,000rs. to 3,00,000rs. # Mortgage tax break - Raise current limit of 1,50,000rs to 3,00,000rs.

5.27 PM Jul 7th

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Wow! In a country that requires taxes to be paid for up-liftment from every angle; Education, medical facilities, housing / hostel facilities for the under-priviliged to list a few; you are suggesting abolishing all other taxes other than Income Tax as well as increasing the limits of deductions

2.20 PM Jul 7th

raviusha_12
3

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Budget  

reduce income tax to induvidal and attract more poeple file their tax returns.try to reduce subsidy for petrolium products.help farmers give them low interest .

2.14 PM Jul 7th

R Jagannathan

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975 Followers

Budget  

years, and the rates can be raised after that. If the law works well, over time the estate duty can be raised to the same level of the highest income tax rate – currently 30 percent. #4: Most importantly, the estate duty should not be judged by the amount of revenue collected, but whether

12.54 PM Jul 7th

pitquote

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Just Posted  

budget: do not expect great things in the budget. there will be no relief on income tax for individuals power cost will go up to adjust cost of production- watch out for distribution companies gas price for domestic use will go up- petroleum companies will benefit IN GENERAL: THERE WILL NOT BE EVEN

11.11 AM Jul 7th

subasu

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509 Followers

Tax Planning & Help  

If you have receipts issued by the landlord over a stamped receipt, yes, you can claim the amount allowed as per section 80GGA of Income Tax Act. It is upto the income tax officer to accept it or not!

10.24 AM Jul 7th

subasu

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509 Followers

Tax Planning & Help  

Rs. 4 lacs will earn an interest of (maximum) Rs. 40,000. No. She does not have to pay any income tax.

10.23 AM Jul 7th

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