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  • Budget provisions that will discourage investment in high-value homes Feb 24, 2017 08:00 AM IST

    Budget provisions that will discourage investment in high-value homes

    The Union Budget 2017-18 has proposed some provisions, which will boost the affordable housing sector but at the same time, will discourage tax payers from treating real estate as an investment class. One such &#82

  • Gifting – an emotional option and a silent tax exemption tool Oct 18, 2016 06:21 PM IST

    Gifting – an emotional option and a silent tax exemption tool

    If the aggregate value of money received during the year exceeds Rs.50,000 without consideration, then whole of such aggregate value is considered as gift and made taxable. However, there are exceptions to this rule.

  • Finer points of using higher rebate for low income taxpayers May 10, 2016 10:52 AM IST

    Finer points of using higher rebate for low income taxpayers

    The rise of the rebate from Rs 2,000 to Rs 5,000 is positive but if this is planned well then it can become a force multiplier

  • How Union Budget proposals change your income tax return filing Apr 20, 2016 06:21 PM IST

    How Union Budget proposals change your income tax return filing

    Union Budget 2016 has proposals about the income tax return filing process. Here are the changes you cannot afford to miss.

  • NPS investment can lead to an additional tax deduction Feb 27, 2016 03:20 PM IST

    NPS investment can lead to an additional tax deduction

    In addition to deduction under section 80C, during the last budget, the government gave an extra benefit which is that a further sum of Rs 50,000 would be allowed as a deduction for the contributions to the NPS.

  • Section 80C investments should be guided by your needs Feb 05, 2016 10:45 AM IST

    Section 80C investments should be guided by your needs

    You should first assess your requirement and accordingly pick the right investments of right quantum.

  • Inclusion of income received abroad is must in IT returns Dec 09, 2015 06:56 PM IST

    Inclusion of income received abroad is must in IT returns

    The problem in many cases lies with actually recognising that there are receipts that are taxable.

  • Getting tax benefits for use of a car Oct 05, 2015 05:19 PM IST

    Getting tax benefits for use of a car

    Once there is an asset that is present then several expenses related to the running of the asset would have to be allowed as a deduction. So for example in case of a car the running and maintenance cost of the car that is allocated for the purpose of business or profession would be allowed as a deduction.

  • Will aggressively defend against tax demand: IBM Dec 04, 2013 09:28 PM IST

    Will aggressively defend against tax demand: IBM

    The company, according to sources, has approached the Dispute Resolution Panel (DRP) against the order of the Assessing Officer who had alleged under-stating of revenues by the US technology group.

  • DTC Bill may slap 35% new tax on super rich: Sources Aug 21, 2013 09:30 PM IST

    DTC Bill may slap 35% new tax on super rich: Sources

    The cabinet is all set to consider the revised direct tax code (DTC) Bill soon. No change is likely in the tax exemption limit, but the bill proposes a new 35 percent tax slab for people with income exceeding Rs 10 crore per annum.

  • Bombay HC restrains taxman from forced steps against Idea Aug 14, 2013 09:14 PM IST

    Bombay HC restrains taxman from forced steps against Idea

    The Bombay High Court on Wednesday restrained the Income Tax (I-T) department from taking coercive measures against Idea Cellular for its tax demand of Rs 3,900 crore.

  • CARE pegs FY14 GDP growth at 6%, credit pick-up at 18-19% Mar 20, 2013 09:47 PM IST

    CARE pegs FY14 GDP growth at 6%, credit pick-up at 18-19%

    Ratings agency CARE today pegged India's FY14 GDP growth at 6 percent and said the expansion over the current fiscal will also boost bank credit.

  • Taxable and tax free income can make difference to returns Nov 09, 2012 01:14 PM IST

    Taxable and tax free income can make difference to returns

    There is a clear distinction between different heads of income on the taxation front. The main question for the individual is to see whether an amount received is income and once this has been determined to be income then whether this is taxable or tax free in nature.

  • Income Tax: Last minute receipts can have unintended consequences Feb 17, 2012 04:04 PM IST

    Income Tax: Last minute receipts can have unintended consequences

    There is a lot of tax planning that is undertaken by salaried individuals but there are some occasions when some receipts can throw this completely out of gear.

  • Tax-saving Infra Bonds: Here's why to go for it NOW Dec 15, 2011 01:13 PM IST

    Tax-saving Infra Bonds: Here's why to go for it NOW

    The interest rates that can be offered on these bonds cannot be more than the yields prevailing on the relevant Govt. securities at the time of issue. As the market interest rates have increased in the last few months, the present issues are offering about 0.25-0.5% more returns than the issues in the recent past.

  • Tax-saving Infra Bonds: Here's why to go for it NOW Dec 01, 2011 04:15 PM IST

    Tax-saving Infra Bonds: Here's why to go for it NOW

    The interest rates that can be offered on these bonds cannot be more than the yields prevailing on the relevant Govt. securities at the time of issue. As the market interest rates have increased in the last few months, the present issues are offering about 0.25-0.5% more returns than the issues in the recent past.

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