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
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
@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
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
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
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