SENSEX NIFTY

Income Tax

Sep 30, 2014 at 17:38 | Source: Moneycontrol.com
There are lots of occasions when this amount would be added to the income of the individual and this can turn the entire position of the tax calculations upside down. There are however some situations where this position can actually be avoided and here is a closer look at the whole process.
Sep 30, 2014 at 17:32 | Source: Moneycontrol.com
Generally, the investor takes out a Life Insurance Policy for getting a tax deduction as per section 80C of the Income-tax Act, 1961 with enhanced tax deduction upto Rs. 1,50,000 and also for taking care of the safety of the family in case of unfortunate tragedies happening at any point of time in life.
Sep 25, 2014 at 10:13 | Source: Moneycontrol.com
Equity Mutual Funds declined as the 50-share NSE Nifty saw consolidation on Wednesday ahead of expiry for September derivative contracts (on Thursday) though it continued fall for the second consecutive session.
Sep 23, 2014 at 10:15 | Source: Moneycontrol.com
Equity and debt Mutual Funds closed in a positive terrain as the equity benchmarks bounced back in last couple of hours of trade on Monday with the Sensex closing above 27000 level and Nifty above 8100-mark supported by ITC, Tata Motors, ONGC and HDFC.
Sep 21, 2014 at 16:16 | Source: PTI
An updated version of the existing website of the Income Tax department-- www.incometaxindia.gov.in-- will now be acting as a "single window" for all activities and online services offered by the I-T department, officials said.
Sep 20, 2014 at 12:23 | Source: Moneycontrol.com
Equity Mutual Funds delivered mixed returns as the Equity benchmarks consolidate on Friday after over a percent rally in previous session on prospects of huge investments by China in India.
Sep 18, 2014 at 10:38 | Source: Moneycontrol.com
Equity and debt Mutual Funds closed in a positive terrain as equity benchmarks managed to recoup some of losses (seen in previous two sessions) on Wednesday following upside in global peers on reports that Federal Open Market Committee (FOMC) may keep low rates till June 2015 and on likely stimulus for Chinas top banks.
Sep 10, 2014 at 17:21 | Source: Moneycontrol.com
The income tax laws provides for taxation of your income under various heads. Income from house property is one of them.
Sep 10, 2014 at 17:15 | Source: Moneycontrol.com
The problem arises when they are told that as per the globally accepted norms, if a taxpayer is resident in one country but has a source of income situated in another country, there is a situation at hand where his income is taxed in both countries, or Double Taxation occurs.
Sep 08, 2014 at 10:57 | Source: Moneycontrol.com
Cash EPS is calculated by adding all the non-cash transactions like depreciation, amortization, deferred tax and intangibles like royalty to net income of the company and then divide it by total number of shares
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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1036 Followers

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

Platinum Member

483 Followers

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

739 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

Other Market Topics  

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

New Member

0 Follower

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

Platinum Member

1036 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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573 Followers

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

Platinum Member

529 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

Platinum Member

529 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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