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Income Tax Exemption Limit

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.
Feb 26, 2016 at 20:20 | Source: PTI
The Economic Survey 2015-16, tabled in Parliament today, also called for a review and phasing out of the tax exemption raj that benefited the richer private sector and a "reasonable" taxation for better-off individuals.
Feb 26, 2016 at 18:48 | Source: PTI
Currently, a deposit in 15-year Public Provident Fund is exempt from taxes both at investment stage, at the time of getting interest as well as withdrawal.
Feb 26, 2016 at 18:24 | Source: Moneycontrol.com
Among other expectations, finance minister may choose to increase the income tax exemption limit by Rs 50000.
Feb 26, 2016 at 08:32 | Source: IBNLive.com
The lowest income tax slab is likely to be raised from Rs 2.5 lakh to Rs 3 lakh, which means income up to Rs 3 lakh is likely to be exempt from Income Tax. There are also indications that even the higher IT slabs may be re-jigged.
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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

akaj88

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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

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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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Other Market Topics  

Age limit has already been brought down to 60 for men for all purposesclug Income Tax benefit.Income Tax exemption limit has also been raised to Rs2.5 lac from Rs.2.25 lac.Railways now consider 58 years as senior citizen for women.Railway fare concession for any purpose of journey is 40% for men

3.41 PM Jun 29th 2012

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Tax Planning & Help  

Source:Business Today - Finance Minister Pranab Mukherjee has put more cash in your pocket. Every taxpayer is set to gain, on an average, Rs 2,000 per annum. Presenting his seventh Budget in the Lok Sabha on Friday, Mukherjee raised the income-tax exemption limit for individuals from Rs 1.8 lakh

10.30 AM May 2nd 2012

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News Now  

Source:Business Standard - The corporate houses and traders in Uttar Pradesh have expressed disappointment with the Union Budget 2013, saying its proposals would neither boost consumer demand nor control inflation. They criticised the raising of the personal income tax exemption limit from Rs 1

1.38 PM Mar 19th 2012

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Budget  

Source:Business Today - Prominent highlights of the Budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday:* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for all assessees; 20 percent tax on income over Rs.10 lakh, up

11.53 AM Mar 19th 2012

mj1962

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Reliance  

. If CRUDEOIl trades below its Resistance then it can show profit booking till 5240-5220 level soon. Once CRUDEOIL manages to trade and sustain above 5330 then it can test 5380 level. Budget Wrap Up Income tax exemption limit raised to Rs 2 lakh from Rs 1.8 lakh No tax pp to Rs 2 lakh income Rs 2-5 lakh taxed

6.23 PM Mar 18th 2012

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Tax Planning & Help  

Source:The Hindu BusinessLine - Kolkata, March 16: The Union Budget has brought very little to cheer for the real estate sector in the country, according to Mr Anuj Puri, Chairman and Country Head at real estate consultancy firm, Jones Lang LaSalle India. The rise in personal income-tax exemption

10.25 AM Mar 17th 2012

arcadiastoc
ks82

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Budget  

Sops and imposts in Budget, net revenue gain of Rs 41,440 cr.In a mix of sops and imposts, the General Budget today proposed a marginal raise in income tax exemption limit of Rs 20,000 but hiked service tax and standard excise duty by 2% across the board to net an additional Rs 41,440 crore a year

6.31 PM Mar 16th 2012

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