Mar 03, 2014 at 17:13 | Source: Moneycontrol.com
An individual / HUF can save taxes up to Rs.30,900/- for taxable income up to Rs 1 crore in FY 2013-14. Tax savings would be Rs.33,990/- in case the taxable income exceeds Rs 1 crore.
Mar 01, 2014 at 12:02 | Source: Moneycontrol.com
NTPC has informed that CBDT under notification dated February 13, 2014 allocated to NTPC an additional limit of Rs. 500 crore for issue of tax-free bonds, this was in addition to Rs 1750 crore allocated by CBDT under notification dated August 08, 2013 which was successfully completed by way of public issue in December 2013.
Feb 25, 2014 at 13:40 | Source: Moneycontrol.com
A foreign exchange asset for a non resident individual would consist of a list of specified assets that have been acquired or purchased or invested in convertible foreign exchange. This requires a look at several details but before that it is important to understand who would be classified as a non resident Indian.
Feb 13, 2014 at 18:03 | Source: Moneycontrol.com
The individual employer depending upon his work load which depends on the number of employees can issue guidelines which are applicable for his employees only.
Feb 07, 2014 at 17:07 | Source: Moneycontrol.com
Deduction is available under section 80EE of Rs 1 lakh or the interest amount payable, whichever is less. If the interest payable is less than Rs. 1 lakh during FY 13-14, then the balance shall be allowed as deduction in the next financial year.
Feb 06, 2014 at 21:33 | Source: PTI
Commodity Transaction Tax of 0.01 percent was slapped on futures trading of non-agricultural items and some processed food items in July 2013.
Feb 06, 2014 at 12:30 | Source: Moneycontrol.com
Instead of taking some time out at the start of the financial year, most people wait till end and end up buying a product which may or may not be as per their future need. This is not the case with only salaried class but also applies to businessman and professionals.
Feb 03, 2014 at 22:27 | Source: PTI
Total income has increased by 7 percent to Rs 4,598.13 crore in the quarter ended December 2013, from Rs 4,311.31 crore in the year-ago period. The Tata group firm's net profit took a beating as its finance costs rose to Rs 165.63 crore from Rs 118.41 crore, while tax expenses increased to Rs 92.61 crore from Rs 73.25 crore in the review period.
Jan 31, 2014 at 20:38 | Source: PTI
The diesel price hike is in line with the January 2013 decision of the government to raise rates by up to 50 paise per month till such time that the entire losses on the fuel are wiped out, and prices made market determined.
Jan 31, 2014 at 15:59 | Source: Moneycontrol.com
The manner of applicability of this interest charge and the way in which this would be calculated is important because there are quite a few technical points that are involved here that need attention.