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Income Tax Exemption Limit

Jul 21, 2016 at 17:15 | Source: Housing.com/news
According to Indian tax laws, an assessee is entitled to claim exemption on long-term capital gains tax, on sale of a property or any other asset, if s/he purchases a residential house. However, there R
Jul 21, 2016 at 13:00 | Source: Moneycontrol.com
HDFC Bank loses 1 percent after announcing its June quarter results. with the profit rising 20.14 percent year-on-year to Rs 3,239 crore. It was driven by other income, operating profit and slightly better-than-expected net interest income but higher provisions and tax cost limited the profit growth.
Jul 15, 2016 at 17:36 | Source: PTI
The regional heads of the tax department could only spend Rs 1 lakh per annum under the 'advertising and publicity' head. But it has now been hiked keeping in mind the extensive media campaign for the ongoing four-month domestic black money widow, the Income Declaration Scheme (IDS), and the ambitious Dispute Resolution Scheme.
May 05, 2016 at 22:18 | Source: CNBC-TV18
The Finance Minister defended the government's policy on a whole range of issues including the one-time voluntary disclosure window extended to black-money holders to disclose their full income.
Apr 15, 2016 at 10:38 | Source: Moneycontrol.com
Profits from trading in shares can be taxed as a capital gain or as business income. Here is how one should look at it.
Mar 16, 2016 at 09:38 | Source: Moneycontrol.com
Account for the penal interest as per the provisions of the law and pay your dues as soon as possible to minimise the burden.
Mar 11, 2016 at 09:41 | Source: Moneycontrol.com
House rent allowance (HRA) is a part of your salary and can be claimed to save on income tax. Here are some tips for the same.
Mar 03, 2016 at 09:29 | Source: Moneycontrol.com
There were several expectations from the capital market sector,such as replacement of Dividend Distribution Tax (DDT) with tax withholding in the hands of shareholders and relaxation of disallowance of expenses in relation to the earning of exempt income.
Mar 02, 2016 at 11:18 | Source: Moneycontrol.com
Measures such as lower corporate rate for small enterprises, increased turnover limit under Presumptive taxation scheme under section 44AD of the Income Tax Act for assessees in MSME category and few others are welcome move for SME players.
Feb 29, 2016 at 12:43 | Source: Moneycontrol.com
Shares of construction companies reacted positively as Finance Minister in Union Budget 2016-2017 has raised the personal income tax house rent exemption to Rs 60000 from Rs 24000 per year.
Messages on Income Tax Exemption Limit »

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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

Budget  

Dear FM , Please consider increasing the income tax exemption limits , raise 80C cap and House Loan interest repayment limit Thanks

2.23 PM Jun 30th 2014

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Do you see the FM raising income tax exemption limit to Rs 3 lakh in this Budget?

1.08 PM Jun 19th 2014

Santosh Nair

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, Arun Jaitley had suggested that the Income Tax exemption limit should be raised to Rs 5 lakh from Rs 2 lakh currently. This is what he was quoted as saying in a Press Trust of India report dated April 21. “Direct Tax should be reduced. The Income-Tax limit has to be raised from Rs 2 lakh to Rs 5 lakh

11.20 AM May 27th 2014

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

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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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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

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Jan 04, 2016 at 17:12 | Source: FirstPost
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