Feb 12, 2013 09:56 AM IST
Jitendra Nath Gupta is of the opinion that dividend distribution tax (DDT) hurts small investors while at the same time benefitting the rich. Scrapping DDT will bring in lots of benefits in addition to extra revenues for government. Gupta explains the taxation of Dividend and how it impacts investors.
- Feb 05, 2013 01:07 PM IST
There are a lot of situations when the income arising to the spouse is actually included with the income of the individual.
- Feb 01, 2013 03:53 PM IST
One of the new provisions in recent years that the investor did not encounter earlier is that related to the submission of the ITR-V forms.
- Jan 29, 2013 01:49 PM IST
Sometimes a thought might come in the minds of the tax gatherers that why not introduce â€œInheritance Taxâ€ to gather more revenue for the Government. Well, it is time right now to debate on the theme of introduction of Inheritance Tax in the present scenario in the country.
- Jan 28, 2013 01:26 PM IST
Ajit, currently employed with Company A, is staying in a rented apartment in Mumbai and has bought himself a property in Chennai for which he has taken a home loan.
- Jan 28, 2013 01:24 PM IST
Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of this nation.
- Jan 28, 2013 12:29 PM IST
The cost of acquisition of an asset is an important factor in undertaking the overall capital gains calculation because of the fact that this will play a role in determining the extent of the total capital gains and consequently the taxes to be paid.
- Jan 24, 2013 12:01 PM IST
In one of the developments eagerly awaited by the investor community at large, the Finance Minister (FM) on Monday deferred the implementation of GAAR (General Anti-Avoidance Rules) to April 2016 instead of the erstwhile timeline of April 2014.
- Jan 23, 2013 06:44 PM IST
On the very first day of New Year 2013, the Central Board of Excise and Customs (â€œCBECâ€) has issued Central Excise Circular No. 967/01/2013 â€“ CX dated January 01, 2013 (â€œCircularâ€) instructing the revenue officials to initiate recovery proceedings within 30 days after an assessee files an appeal along with a stay application
- Jan 16, 2013 12:02 PM IST
Most of the salaried employees might have received a reminder from the HR for submission of proofs of tax saving investments.
- Jan 11, 2013 01:00 PM IST
Salary received by individuals is often the subject matter of some amount of confusion in the sense that individuals are often nor clear about the amount that will be considered as taxable in a particular year.
- Jan 04, 2013 02:53 PM IST
Let's start with what could be expected in the budget and what could be different but may not happen. One of the things that is awaited with bated breath in the budget is about individual taxation.
- Jan 04, 2013 02:46 PM IST
There are municipal taxes that are paid by the individual on a house property. Once this is paid the next question in the mind of the property owner is whether there is a tax benefit that can be availed for the expense that has been made.
- Dec 28, 2012 12:54 PM IST
The last few months of the financial year witnesses a rush by individuals to complete their tax planning effort but before they do anything there is a need to take a careful look at their situation.
- Dec 26, 2012 12:57 PM IST
Let us all welcome the year 2013 with varied ideas to bring home tax planning for you and your family and also take you through Investment Strategies for investing your money.
- Dec 24, 2012 07:05 PM IST
Even though many of us are familiar with tax filing, the process of TDS deduction is still confusing for many. When and where TDS is applicable, what are the procedures to reduce it and how to claim the deducted amount at the time of filing tax returns are few of the queries we have.
- Dec 21, 2012 09:14 AM IST
The reverse mortgage scheme has been in operation for quite some time in the Indian economy but this has not had the kind of impact that was initially expected.
- Dec 12, 2012 06:11 PM IST
A recent circular about the manner in which the contribution to the Employees Provident Fund will be calculated will have far reaching impact on employees in the days to come.
- Dec 07, 2012 11:50 AM IST
There is a benefit of tax free status available for educational scholarships received by individuals but there are several specific conditions that need to be fulfilled for the purpose of ensuring that this can be claimed for income tax purposes.
- Nov 30, 2012 12:58 PM IST
The Senior Citizens Savings Scheme (SCSS) is meant for those who want a regular source of income in the later years of their life. The various features of the scheme like the quarterly payout are structured in such a manner that they are useful for senior citizens to meet their specific needs.
- Nov 26, 2012 03:18 PM IST
There are different ways in which a tax deduction can be taken for the premium that is paid for the purpose of health insurance under Section 80D.
- Nov 16, 2012 12:39 PM IST
There are many occasions when an employer gives a gift to the employee. The extent and the amount of the gift is one aspect but it is also important for the individual to consider the tax implications that this will bring along.
- Nov 05, 2012 12:01 PM IST
You must have heard this- â€œDeath and taxes are the only certainties in lifeâ€. Then, is it not surprising that we sometimes ignore something so obvious as taxes? I‘m not saying that we ignore to pay taxesâ€¦
- Nov 05, 2012 12:00 PM IST
There are several ways in which one can receive a pension and the exact details have to be checked to see the extent of a taxable element that is involved in the entire process.
- Oct 31, 2012 04:05 PM IST
Now in the changing times when role of money has become increasingly significant and women in the house being educated are sharing financial burden of the family with Ã©lan.