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  • Govt should scrap dividend distribution tax: SES's Gupta Feb 12, 2013 09:56 AM IST

    Govt should scrap dividend distribution tax: SES's Gupta

    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.

  • Cases when spouse's income is added to individuals Feb 05, 2013 01:07 PM IST

    Cases when spouse's income is added to individuals

    There are a lot of situations when the income arising to the spouse is actually included with the income of the individual.

  • Ensure your ITRV reaches the taxman on time Feb 01, 2013 03:53 PM IST

    Ensure your ITRV reaches the taxman on time

    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.

  • Inheritance Tax: Time to scrap the thought Jan 29, 2013 01:49 PM IST

    Inheritance Tax: Time to scrap the thought

    Sometimes a thought might come in the minds of the tax gatherers that why not introduce “Inheritance Tax” 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.

  • House Rent Allowance, Home loan and your taxes! Jan 28, 2013 01:26 PM IST

    House Rent Allowance, Home loan and your taxes!

    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.

  • Why file tax returns? Jan 28, 2013 01:24 PM IST

    Why file tax returns?

    Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of this nation.

  • Things to keep in mind while making an investment Jan 28, 2013 12:29 PM IST

    Things to keep in mind while making an investment

    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.

  • GAAR deferment: How will it impact your taxes? Jan 24, 2013 12:01 PM IST

    GAAR deferment: How will it impact your taxes?

    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.

  • CBEC Circular proposes; High Court disposes Jan 23, 2013 06:44 PM IST

    CBEC Circular proposes; High Court disposes

    On the very first day of New Year 2013, the Central Board of Excise and Customs (“CBEC”) has issued Central Excise Circular No. 967/01/2013 – CX dated January 01, 2013 (“Circular”) instructing the revenue officials to initiate recovery proceedings within 30 days after an assessee files an appeal along with a stay application

  • Salaried employees: A complete guide to tax planning Jan 16, 2013 12:02 PM IST

    Salaried employees: A complete guide to tax planning

    Most of the salaried employees might have received a reminder from the HR for submission of proofs of tax saving investments.

  • Check out: Different modes of salary & their tax impact Jan 11, 2013 01:00 PM IST

    Check out: Different modes of salary & their tax impact

    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.

  • Budget wishlist: Taxation for you and me! Jan 04, 2013 02:53 PM IST

    Budget wishlist: Taxation for you and me!

    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.

  • Municipal charges: How can it be beneficial in reducing tax Jan 04, 2013 02:46 PM IST

    Municipal charges: How can it be beneficial in reducing tax

    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.

  • Get ready for the last minute planning Dec 28, 2012 12:54 PM IST

    Get ready for the last minute planning

    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.

  • 13 Income-tax and investment tips for 2013 Dec 26, 2012 12:57 PM IST

    13 Income-tax and investment tips for 2013

    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.

  • How and when TDS deductions can be avoided Dec 24, 2012 07:05 PM IST

    How and when TDS deductions can be avoided

    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.

  • Taxability of income from reverse mortgage Dec 21, 2012 09:14 AM IST

    Taxability of income from reverse mortgage

    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.

  • New PF rule: You may have to relook retirement saving plan Dec 12, 2012 06:11 PM IST

    New PF rule: You may have to relook retirement saving plan

    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.

  • Getting tax free status for scholarships Dec 07, 2012 11:50 AM IST

    Getting tax free status for scholarships

    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.

  • How important is taxation of Senior Citizens Saving Scheme Nov 30, 2012 12:58 PM IST

    How important is taxation of Senior Citizens Saving Scheme

    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.

  • How to claim tax benefit for preventive health check up Nov 26, 2012 03:18 PM IST

    How to claim tax benefit for preventive health check up

    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.

  • What to keep in mind next time you get gift from your boss Nov 16, 2012 12:39 PM IST

    What to keep in mind next time you get gift from your boss

    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.

  • Are you still ignoring tax impact while investing? Nov 05, 2012 12:01 PM IST

    Are you still ignoring tax impact while investing?

    You must have heard this- “Death and taxes are the only certainties in life”. Then, is it not surprising that we sometimes ignore something so obvious as taxes? I‘m not saying that we ignore to pay taxes…

  • Tax impact of receiving pension Nov 05, 2012 12:00 PM IST

    Tax impact of receiving pension

    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.

  • Working women: Not only earners, tax savers too! Oct 31, 2012 04:05 PM IST

    Working women: Not only earners, tax savers too!

    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 élan.

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