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Income Tax

Mar 27, 2015 at 11:00 | Source: Moneycontrol.com
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to pay tax, if his tax rate is higher than the rate of TDS. One may also claim tax refund if TDS rate is higher than his tax slab rate.
Mar 26, 2015 at 10:10 | Source: Moneycontrol.com
Mutual Fund NAVs declined as the market remained in a consolidation more on Wednesday ahead of expiry of derivative contracts of March series.
Mar 25, 2015 at 10:56 | Source: Moneycontrol.com
Equity Mutual Funds declined as the market consolidate yet another day on Tuesday with the Nifty gyrating in a 100-point band but it finally ended flat.
Mar 24, 2015 at 20:55 | Source: PTI
On March 3 in Parliament, Modi has indicated that the Tamil Nadu-based Nokia plant, which shut down a few months ago, is likely to start functioning again.
Mar 23, 2015 at 18:49 | Source: PTI
The Finance Ministry had in February said that the Income Tax department was already in touch with Falciani, "who apparently brought out the names of persons holding undisclosed bank accounts in HSBC, Switzerland."
Mar 23, 2015 at 18:31 | Source: Moneycontrol.com
BOI AXA Mutual Fund announces dividend under BOI AXA Equity Fund, BOI AXA Tax Advantage Fund, BOI AXA Equity Debt Rebalancer Fund, BOI AXA Regular Return Fund and BOI AXA Short Term Income Fund, the record date for dividend is March 25, 2015.
Mar 23, 2015 at 09:44 | Source: Moneycontrol.com
Governement of India offers these time tested tax saving investment products that offer assured returns
Mar 19, 2015 at 14:15 | Source: PTI
The Bill will provide a short window to overseas asset holders to declare their wealth, pay taxes and penalties to escape punitive action. The Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015, according to Finance Ministry sources, will be tabled on Friday - the last day of the first leg of the Budget session of Parliament.
Mar 19, 2015 at 11:46 | Source: PTI
The Budget has made an additional tax break of Rs 50,000 into the NPS investment under section 80CC(D) of the Income Tax Act. Currently, three MF houses, out of a total of 45, are having products in the pension segment and they are UTI MF, Franklin Templeton and the recently launched retirement product by Reliance Mutual Fund.
Mar 18, 2015 at 19:43 | Source: Moneycontrol.com
Budget 2015 has given additional tax benefit on investments up to Rs 50000 a year for investments in National Pension Scheme. This increases the scope for saving 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 2014

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 2014

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 2014

uuuthh

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2054 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 2014

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 2014

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 2014

R Jagannathan

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1230 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 2014

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 2014

subasu

Platinum Member

574 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 2014

subasu

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574 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 2014

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Mar 24, 2015 at 19:21 | Source: FirstPost
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