Tax Exemption

By aligning tax policies, enhancing operational flexibility, and creating incentives for foreign investments, the bill positions the IFSC as a more competitive and attractive destination for global financial activity, reinforcing India’s position on the world stage. Retail Funds

Budget 2025: Edtech startups await tax exemptions, skill, digital infra development

The industry hopes for potential tax incentives and benefits from the budget, primarily in the form of GST exemptions for under-privileged students, and reduction in GST for educational products and services

Maximize Tax Savings in 2023-24: Pro Tips for Lowering Taxes

Find out about home loan tax benefits in 2023-24. Discover Section 80C, Section 24b, Section 80EE, and Section 80EEA deductions. Maximize your tax savings with expert guidance.

Budget 2023: Development authorities to get tax exemption

Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic.

Budget 2023: Tax tweak in life insurance to dent topline 10-12%, says HDFC Life chief

The Budget 2023 announcement to make changes to tax exemption policy on life insurance will likely have a 10-12 percent impact on the top-line products of HDFC Life and a five percent impact on the bottom-line products if nothing is done to mitigate the change, said Vibha Padalkar, MD and CEO, HDFC Life Insurance.

Budget 2023: Will there be a rise in exemption limit for long-term capital gains tax?

The exemption allowed for long-term capital gains on equity investments need to be further enhanced to account for inflation, rising income levels and to encourage more investors into equity markets, say analysts

Budget 2022: State government employees to get NPS tax benefits at par with their central peers

State governments’ tax-deductible contribution to their employees’ NPS has been raised from 10 percent to 14 percent

Budget 2022: Why GoI cannot go easy with the taxes on salaried Indians

Tax compliance is abysmal in the country and corporate-tax collections need to pick up

Tax exempt: UAE sovereign fund first to get 100% I-T exemption on India investments

Notification process for Abu Dhabi SWF was completed “in record time” to expedite foreign investment in India's priority areas during the pandemic, a source said

Big Story | Employees can now claim exemption on conveyance, travel allowance under new tax regime

The Central Board of Direct Taxes (CBDT) has now amended income tax rules to allow employees to avail certain exemptions

Govt plans 10-year full tax exemption to lure investors to India: Report

Another variant of the plan proposes a four-year tax holiday for companies that invest $100 million or more in labour-rich sectors like textiles, food processing, leather and footwear.

Budget 2019: Income tax changes middle-class wants from FM Nirmala Sitharaman

Increase in basic exemption limits, enhancement in home loan interest deduction and easing of the tax filing process are eagerly awaited

How do you decide capital gains tax on property sale?

Facts and circumstances of each case warrant a detailed examination for taking an informed decision on this aspect.

Expert Take | Lovaii Navlakhi's view on Budget 2019

Lovaii Navlakhi of International Money Matters tells us that Budget 2019 was a good balance of populism while maintaining fiscal prudence, though fiscal maths is questionable.

SC gives govt benefit of doubt in tax exemption cases

The tax department processes millions of requests every year, making it difficult for officers to parse through the paperwork and investigate whether the said goods conform to the category under which exemption is claimed.

Budget 2017: Tax terms that may figure in Budget & what might change

Finance Minister Arun Jaitley might announce some major changes in the tax landscape. Here, we explain a few taxation terms that might crop up and what is likely to change relating to them.

What women want…from Budget 2017, for buying homes

Disha Kansara Chawla Senior executive search professional, Mumbai Many average Indians now own two houses – one to live in and one through which they earn retirement benefits. It is very difficult to buy &#82

Budget 2017: Health insurers seek tax incentives to boost penetration

Health insurance providers feel tax incentives to salaried class on purchase of health insurance should be raised. Also, exemption of service tax on health insurance premiums and preventive health check-ups can prompt more people to buy health cover.

Income Tax dept busts big cash deposit racket in Nagaland

Individuals have been flying into Nagaland from Delhi with scrapped notes in attempts to put it into tribals' accounts, say sources. The I-T department is currently looking into security breaches at Hissar, Delhi and Dimapur airports.

New home loan schemes to fuel your home ownership dream

Home loan companies and banks have launched schemes that would make buying your dream home a reality.

How to claim HRA tax benefits

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.

Budget 2016: Rising indirect tax collections give scope for income tax sops

Increasing the tax exemption limit to Rs 3 lakh from Rs 2.5 lakh in the union budget would add Rs 5,000-15,000 in the assessee‘s kitty.

Budget 2016: More tax incentives for health and home insurance a must

Home insurance premium should get some tax exemption. Extant tax benefit on health insurance must be hiked.

Mixed bag for the senior citizen

Though there is no hike in exemption limit for senior citizens, a fresh health insurance scheme is announced by finance minister. Also NPS withdrawals to the extent of 40% were made tax free.

Peanuts on tax saving front and an EPF googly

Tax burden for salary below Rs 5 lakh category individuals is reduced by Rs 3000