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Tax Benefits

Mar 05, 2015 at 17:33 | Source: Moneycontrol.com
Under section 80 D for paying medical insurance premium earlier the deduction allowed was Rs. 15000 which has now been increased to Rs. 25000, which means by additional saving of Rs. 10000, the tax saving will be Rs. 3000 who are in 30% tax bracket and Rs. 1000 for those who are in 10% tax bracket.
Mar 03, 2015 at 12:09 | Source: Moneycontrol.com
Finance Minister offered few tax benefits in Union Budget to the tax payers as compared to what was expected by them
Mar 02, 2015 at 18:43 | Source: PTI
Explaining the benefits, a global senior tax consultant Aditya Hans said, "the basic rate of taxing income of non-residents in the nature of royalty and FTS from 25 percent to 10 percent on a gross basis will encourage foreign companies to go in for technology transfer to India.
Mar 02, 2015 at 10:34 | Source: Moneycontrol.com
Though personal tax rates remain unchanged, finance minister opted to offer inflation adjusted tax benefits. He also enhanced tax benefits related to healthcare and for senior citizens.
Mar 01, 2015 at 17:20 | Source: PTI
High jet fuel cost makes the Indian carriers less competitive with the other global airlines. In terms of taxes regime, for the aviation industry the government should take action. 5/20 rule must be removed for the benefit of the nation and for the industry.
Feb 28, 2015 at 16:20 | Source: Moneycontrol.com
For the common man, though the cumulative savings implied by various provisions are stated to be to the tune of Rs. 4.44 lakh, this is assuming a certain magnitude of personal investments into pension funds and health insurance.
Feb 28, 2015 at 15:41 | Source: PTI
In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000.
Feb 28, 2015 at 15:38 | Source: Moneycontrol.com
Currently, over 78-80% of health care expenses are funded by the Indians out of their own pocket and this move of increasing tax benefits for health insurance will encourage people to increase their coverage.
Feb 28, 2015 at 14:38 | Source: PTI
"A step was taken in the last Budget to encourage Real Estate Investment Trusts (REITs) and Infrastructure Investments Trusts (INViTs) by providing partial pass through to them," Jaitley said in his Budget speech.
Feb 28, 2015 at 14:20 | Source: Moneycontrol.com
Individual tax payers can reduce their tax liability by making their employers contribute more in new pension scheme as the limit has been enhanced to Rs 1.5 lakh as compared to Rs 1 lakh previous year.
Messages on Tax Benefits »

R Jagannathan

Platinum Member

1215 Followers

Budget  

declining. I propose to allow a Rs 3 lakh limit for section 80 C savings - which includes PF, NSCs, PPF, insurance premia, etc. I now propose to bring principal and interest payments for home loans also under this section. Individuals can save or take tax benefits under any of these heads. This Rs 3 lakh

11.22 AM Jul 8th 2014

Real message

Platinum Member

56 Followers

Zee Entertain  

for the subscription revenues. We have incorporated potential tax benefits from a merger of DMCL in FY2016

12.38 PM Jul 7th 2014

kgshare

New Member

1 Followers

DLF  

DLF - Event call We expect positive anouncements for realty sector from the budget. Infra status to either Real Estate or Housing sector, which will benefit the enitre industry. Property buyer`s could get some relief in the form of higher home loan tax benefits. Issuance of new guidelines on REITs

11.26 AM Jul 7th 2014

cindrella20
04

Platinum Member

468 Followers

Torrent Pharma  

to prove themselves on this front. Now on consolidated basis,when we look at Adani Power,they have accumulated loss of near about 5800 crores in the last 9(nine) quarters.Only in the last quarter that is March 2014 they have posted a NP of Rs 2558 crores,and that too on the strength of some kind of tax

1.27 PM Jul 6th 2014

subasu

Platinum Member

568 Followers

Tax Planning & Help  

Thanks for your good wishes. Other than shares sold incurring STT, all transactions of sale of immoveable property WILL attract income tax in the form of LTCG tax. Benefit of indexation will be available. The indexed profit will be taxed at the rate of 20%. Options of investing the gains

7.03 PM Jun 29th 2014

indynetra

Gold Member

24 Followers

Orient Bell  

it looks like for tax benefit, if the seller(CEO) sold at 50 through market rate and rest of the money should be compensated by management through some other way then that guy has to pay the tax for rest of the money. mr sharma was hired for bell - orient merger activity, he completed

1.07 PM Jun 20th 2014

Maxwell Ind  

exclusive government can provide tax benefit for textile sector

10.27 AM Jun 16th 2014

monlal

Platinum Member

74 Followers

Economy  

me and my wife gets 7.2l and 6.2lac. we have recently taken home loan of 24lac. now after getting tax benefits of home loan interest and section 80c including home loan principal with pf, our gross salary will be below 5 lac. so if tax exemption is there upto 5lac, then we dont have to pay tax

9.47 PM Jun 14th 2014

kurkurevija
y

New Member

0 Follower

Tax Planning & Help  

Hi, I want to know, if I gift my mother (House wife) any gift in form of Cash/Cheque, then - Will I get tax benefit on that amount? - Will it be taxable in my mother’s hand if she purchase gold with it or use it for daily purchase? - What is the limit of such gifts? - How to show these gifts

5.33 PM Jun 9th 2014

kurkurevija
y

New Member

0 Follower

Tax Planning & Help  

to claim my tax benefit on this HRA .Or is there any other way to save tax from HRA

5.06 PM Jun 9th 2014

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