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    • 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

      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

      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

      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

      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

      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

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

    • 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

      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

      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

      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%

      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

      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

      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

      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

      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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