Election 2014
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Income Tax Exemption Limit

Apr 16, 2014 at 15:28 | Source: PTI
The Central Board of Direct Taxes, sources said, has received a report from the poll body citing delay in the filing of expenditure reports by few political parties as it sought action by the department under the I-T laws.
Apr 07, 2014 at 23:32 | Source: Moneycontrol.com
Patel Integrated Logistics has informed about the following tentative unaudited financial performance for the financial year 2013-14, as considered by the Board of Directors of the Company in its meeting held on April 07, 2014, for the limited purpose of filing application for lower deduction of Tax at source with the Income Tax authorities.
Apr 07, 2014 at 17:02 | Source: PTI
"So far PNs issued by the FIIs to overseas investors were not taxed by the Income Tax department. But after deliberations in the finance department, the PN holders may be taxed in the next budget", Shome said at an interaction organised by ICAI here today.
Apr 01, 2014 at 20:56 | Source: CNBC-TV18
Talking about the treatment of income generated from indirect transfers, the earlier DTC had suggested a 50 percent limit on global assets being situated in India which has been altered to 20 percent.
Mar 03, 2014 at 13:22 | Source: Moneycontrol.com
Balwant Jain, CFO, Apnapaisa.com explains which perquisites are exempted from income tax.
Feb 17, 2014 at 16:17 | Source: Moneycontrol.com
According to Balwant Jain of Apnapaisa.com, as far as taxability of gifts is concerned, gift tax has been abolished, but this has been brought under the Income Tax Act. So any gift up to a value of Rs 50,000 in a year is fully exempt.
Jan 28, 2014 at 16:32 | Source: Moneycontrol.com
The reason for this is the limited and fixed resources for generating a flow of income. Not only that the resources are limited, the major share of contribution comes from the salary.
Jan 07, 2014 at 17:21 | Source: Firstpost.com
If you believe in a limited role for the state, where it performs some essential functions that no one else can, and stays away from becoming a major economic player itself, then it is logical to move towards a situation where taxes keep falling as national income and prosperity grows.
Dec 27, 2013 at 15:58 | Source: Moneycontrol.com
Considering the overall inflation and the position in the economy the amount that is provided as an exemption from taxation for several of these allowances is so small that it does not have even a tangible impact on the overall tax amount that has to be paid by the individual.
Dec 24, 2013 at 16:09 | Source: Moneycontrol.com
Taxpayers with limited tax knowledge are bound to panic, but instead of panicking the right course of action should be to understand the reason for the notice and act accordingly.
Messages on Income Tax Exemption Limit »

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208637 Followers

Politics  

Source:NDTV Profit - New Delhi: Senior Bhartiya Janata Party (BJP) leader Arun Jaitley has advocated a hike in income tax exemption limit, enhancement of excise limit for small industrial units up to Rs 5 crore and immediate implementation of the Goods and Service Tax (GST

11.06 AM Apr 7th

MF Investment Help  

Income TaxExemption Limit should be enhanced to Rs 3 lakh which will result in reduction of collection of Income Tax drastically and will also reduce disparities among people.

3.40 PM Mar 4th 2013

Budget  

income tax exemption limit slab should be raised to Rs. 3 Lakhs & exemption limit u/s 80C, 80CCD, etc. should be raised from Rs. 1 Lakh to Rs. 2 Lakhs.

4.15 PM Feb 26th 2013

Budget  

FM MAY INCREASE INCOME TAX EXEMPTION LIMIT UP TO RS.3 LACS

6.39 PM Feb 25th 2013

Budget Messenger

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Budget  

Will the FM increase Income Tax exemption limit to Rs 3 lakh in this Budget?

3.21 PM Feb 22nd 2013

elayaravi

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66 Followers

High taxes  

mr p chidambaram knows middleclass peoples difficulties verywell. their one of the longstanding demand is income tax exemption limit from two lalks to minimum three lakhs. mr chidambaram take this issue in his mind . dont give a relaxation ten thousand or twenty thousand. it is not give

11.16 AM Feb 17th 2013

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MF & Taxes  

Source:Assocham - Raise personal income tax exemption limit to Rs 3 lakh, reduce service tax and excise tax to eight per cent from 12 per cent and increase deduction of interest on housing loan to 5 lakh to revive consumer demand and boost investment, ASSOCHAM said in its pre

4.30 PM Dec 4th 2012

chokksin

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65 Followers

Tax Planning & Help  

by the recommendations of the parliamentary standing committee on DTC. The parliamentary panel, chaired by former finance minister Yashwant Sinha, had recommended the DTC increase income tax exemption limit to Rs 300,000 a year, against the Rs 200,000 proposed in the Bill

10.09 AM Oct 31st 2012

akaj88

Platinum Member

103 Followers

Politics  

If our politicians consider Rs. 71 Lakh to be a very small sum then the Income Tax Exemption Limit should be hiked to Rs. 71 Lakh.

8.24 PM Oct 16th 2012

Other Market Topics  

Kotak Securities reasoning is 50% correct, but for again flawed, because common man who is below the Income Tax exemption limit is not benefited.Another alternative is Bring Diesel & Domestic LPG cylinders to market based pricing and thereby remove the subsidy element, but then equivalent cross

2.42 PM Sep 6th 2012

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Apr 08, 2014 at 16:18 | Source: FirstPost
Apr 06, 2014 at 08:00 | Source: NDTV Profit
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