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Tax Exemptions

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 15, 2014 at 21:50 | Source: CNBC-TV18
The issue of exemption of SEZs from MAT is still under consideration according to commerce secretary Rajeev Kher. Both the finance and the commerce ministry are still negotiating a solution to this issue
Jul 15, 2014 at 16:10 | Source: Moneycontrol.com
Tax slab increased to Rs. 2.5 Lakhs for citizen and Rs 3 lakhs for senior citizen. Income earned by an individual is chargeable to tax as per the slab they fall in. Individuals below the age of 60, exemption limit was previously Rs. 2 Lakhs which has been increased to Rs. 2.5 Lakhs.
Jul 15, 2014 at 14:58 | Source: Moneycontrol.com
In an attempt to boost household savings, the finance minster has announced an increase in exemption limit for investments under Section 80C of the income tax Act.
Jul 15, 2014 at 12:26 | Source: Moneycontrol.com
"Tax rebates like increase in housing loan exemption from INR 1.5 lakhs to INR 2 lakhs will encourage property seekers to finalise their pending property decision," Ganesh Vasudevan, CEO, IndiaProperty.com said.
Jul 14, 2014 at 21:59 | Source: PTI
Embassy Property Developments' Michael Holland said his company expected more clarity on these issues, including exemption from capital gains, tax among other issues after the next Budget.
Jul 12, 2014 at 17:39 | Source: CNBC-TV18
For those reeling under the strain of rising inflation, higher rail and fuel prices, Finance Minister Arun Jaitley was unexpectedly kind this year.
Jul 12, 2014 at 16:32 | Source: PTI
In his maiden Budget presented in Parliament on July 10, Finance Minister Arun Jaitley has tried to provide relief to the middle class by increasing tax exemption limit by Rs 50,000 to Rs 2.50 lakh. It also hiked deduction limit for investments in financial instruments under 80C by Rs 50,000 to Rs 1.50 lakh.
Jul 11, 2014 at 16:59 | Source: Moneycontrol.com
The budget is inclusive with a strong welfare focus but has stayed away from any populist measures and rightly so.
Jul 11, 2014 at 16:36 | Source: Moneycontrol.com
While the middle class taxpayer clearly benefits from the increase in tax exemption limit, PPF limit and home loan deduction, the increase in capital gains tax on debt funds is hard to comprehend
Messages on Tax Exemptions »

AAA CA

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Taneja Aerospac  

tax exemptions mooted for MRO`s in budget

3.20 PM Jul 8th

Web Messenger

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230568 Followers

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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978 Followers

Budget  

inheritance tax exemption limit will also be indexed to inflation. We will observe the performance of this tax and make course corrections as we go along. All these changes will be reflected in the new Direct Taxes Code being announced separately later this month, which will be effective from 1 April 2014

11.22 AM Jul 8th

R Jagannathan

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978 Followers

Other Market Topics  

Do you think he will offer tax exemption for salaried class?

3.40 PM Jul 7th

MMB Messenger

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Property  

Do you see government increasing tax exemption limit on interest component of home loan?

2.59 PM Jul 7th

luckyplus

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Basant Agro Tec  

ARun jaitley statement...more tax exemption for agriculture activities..and co..subsidy and other agriculture reforms...IHope its a good buy

7.45 PM Jul 4th

adi_mundada

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0 Follower

Other Market Topics  

@20% and the rest 30%. 2. Considering DDT is abolished, STCG and tax exemption from LTCG should also be abolished. Any gain (ST/LT) should be taxed at 10% flat. Dividend should also be taxed at 10%. 3. All these tax levies should be deducted by brokerage houses (ICICI direct, sharekhan et al) as TDS

4.08 PM Jul 3rd

Budget  

Please increase the tax exemption limits for home loan specially for self occupied property. Presently only 1.5L is the limit for interest of home loan. This limit was set might be after independence of India when a common man`s salary was around 1000 to 2000 but now the salaries as well

12.42 PM Jul 3rd

R Jagannathan

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978 Followers

Politics  

relief may be dashed by Arun Jaitley`s first Union budget, scheduled for 10 July. He simply does not have enough cash to offer serious increases in the basic tax exemption limit, or for offering higher deductions for savings through the 80C route (PF, LIC premia, etc). Today`s Business Standard (dated 3

12.31 PM Jul 3rd

htg2323

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7 Followers

Pantaloon Ret  

ET news - Tax exemption limit under 80 C may be doubled to Rs. 2 lakhs. This is good news for FRL Insurance division.

6.13 PM Jul 1st

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Aug 01, 2014 at 12:15 | Source: FirstPost
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