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Tax Exemptions

Apr 17, 2015 at 17:13 | Source: Moneycontrol.com
It is incorrect to believe that money received on sale of an inherited house is fully tax exempt. Though asset received as inheritance is fully exempt from gift tax, amount on sale of such asset is not exempt from tax. It will be taxable under the head capital gains.
Apr 16, 2015 at 18:16 | Source: CNBC-TV18
Government is at loggerheads with a clutch of foreign investors over levying the minimum alternate tax (MAT). The Centre in the Budget had given MAT exemption prospectively. And speaking to CNBC-TV18s Sapna Das, Revenue Secretary Shaktikanta Das made it clear that FIIs cannot expect retrospective exemption.
Apr 06, 2015 at 13:15 | Source: CNBC-TV18
The retrospective exemption that the FPIs have been seeking is for FY15. However, the provisions that were brought into the Finance Bill, say that such exemptions can only be effective from April 1 for the coming fiscal (FY16).
Mar 30, 2015 at 09:20 | Source: Moneycontrol.com
Take a stock of your existing investments and then evaluate investment options that fetch you tax exemptions. Avoid buying life insurance at the last minute. Also prepare yourself in April so that you do not face this situation again.
Mar 25, 2015 at 14:43 | Source: PTI
Panneerselvam, who also holds the Finance portfolio, announced exemption of VAT on fishing accessories like fishing ropes and floats, fish net twine, fishing lamps and fishing swivel, apparently to appease the vast fishermen community. Besides, the government reduced VAT on mobile phones from 14.5 percent to five percent.
Mar 03, 2015 at 21:29 | Source: PTI
The Minimum Alternative Tax was originally brought into play to bring into the tax net large domestic corporate who did not pay taxes by making use of various incentive schemes.
Mar 03, 2015 at 15:04 | Source: PTI
The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.
Mar 02, 2015 at 14:48 | Source: Moneycontrol.com
Finance Minister recognised the need for social security umbrella and he opted for an all inclusive approach. Enhanced tax exemption to incentivize purchase of health insurance
Mar 02, 2015 at 11:25 | Source: CNBC-TV18
Sources further tell CNBC-TV18 that the amendments will come into effect after passage of the Finance Bill with government yet to notify the date. The government has also pruned exemptions under the negative list for service tax in an attempt to broaden tax base.
Mar 02, 2015 at 10:03 | Source: Firstpost.com
Chidambaram is largely on the wrong track, for what he has chosen not to hear is crucial. The cut in corporate taxes is supposed to be matched by reductions in direct tax rebates and exemptions to companies.
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 2014

Web Messenger

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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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1242 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 2014

R Jagannathan

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1242 Followers

Other Market Topics  

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

3.40 PM Jul 7th 2014

MMB Messenger

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287084 Followers

Property  

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

2.59 PM Jul 7th 2014

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 2014

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 2014

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 2014

R Jagannathan

Platinum Member

1242 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 2014

htg2323

Gold Member

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 2014

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