The calculation is based on annual usage of eight cylinders per household.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
'We're going to campaign across the country to convince more candidates to endorse some/all of these issues -- and hold them to their promises if and when they are elected.'
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
A key demand is to reduce the dividend distribution tax on listed firms.
HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent. While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock's long-term prospects.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
Both across India and the four regions - north, south, east and west - it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Sohrabuddin fake encounter case accused and jailed Gujarat police officer DG Vanzara, who had earlier been suspended, has resigned from his post.
Amid slogan shouting by MPs from the Trinamool Congress, the Congress and other opposition parties from the Well of the House, Modi began replying to the debate on the motion thanking the President for her address to the joint sitting of Lok Sabha and Rajya Sabha at the start of the Budget Session, and accused the Congress of adopting only 'tokenism' to solving problems the country faced.
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
Malayalam cinema isn't the same as Telugu or Tamil, but Bollywood's blanket approach fails to see the distinction in Selfiee, observes Sukanya Verma.
How long can you look at Ajith sitting with a machine gun on his lap? asks A Ganesh Nadar.
'She showed courage at every turn in her political career.'
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Nearly four decades ago, when Rakesh Jhunjhunwala was a young chartered accountant in training, he was paid a conveyance of Rs 60. Deductions would take away Rs 15 from this princely sum and he was left with Rs 45 by the time the allowance made its way to his hands. He would save as much as he could from this amount, so that he would have a small amount to spend when he met his friends on the weekend at Chicken Centre. This was an eatery popular with the young at the time, perhaps because food and drink were affordable even for those new to the workforce.
Missing the deadline for filing Income Tax returns can lead to consequences.
Priyanshu Rajawat capped off an impressive week with a thrilling win in the final
"It is shameful that Rahul Gandhi, instead of coming to Parliament and apologising for his undemocratic rant against India, today seeks to be absent from Parliament," she asserted.
India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.
The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services' (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23). The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains. Sequentially, the company's revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters.
The Congress on Saturday wrote to the Election Commission seeking action against Prime Minister Narendra Modi for his 'Congress shielded terrorism for vote bank' remark and said he has crossed the 'lakshman rekha'.
Belinda Bencic of Switzerland and Danielle Collins were among those to win their first-round matches at the Adelaide International
H S Prannoy went down fighting in the men's singles quarter-finals against world championships bronze medallist Chou Tien Chen of Chinese Taipei, bringing down the curtains on India's campaign at the Japan Open in Osaka on Friday.
Images from the FIFA World Cup Quarter-final match between Portugal and Morocco on Saturday.
Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
The order for Mohan's release follows the cabinet nod for amending the prison rules under which, previously, those involved in serious cases like the killing of a government servant could not be released even after the elapse of 14 years.
Addressing a joint press conference after a meeting of 26 opposition parties in Bengaluru, Kharge said, "This was a very important meeting to save democracy and the Constitution in the interest of the people of the country."
Treesa Jolly and Gayatri Gopichand continued their impressive run, dishing out another superlative performance to advance to their second successive semi-finals at the All England Championships.
Kharge said that the BJP is trying to misuse his 'Ravan' remarks for electoral gains in Gujarat.
Indian tax laws offer start-ups ways to save taxes.
The Reserve Bank of India (RBI) has relaxed card-on-file data storage norms pertaining to guest transactions checkout, whereby now, apart from the card issuer and the card network, the merchant or its payment aggregator involved in the settlement of the transactions can save the data for a maximum of T+4 days or till the settlement date, whichever is earlier. And, acquiring banks have been permitted to store the card-on-file data until January 2023 for handing other post-transactions activities. The industry reached out to the RBI on the issue and sought a solution.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
You finally end up with an army of midgets led by midgets, notes Sandeep Goyal.
'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'...Market-linked debentures, high-value insurance, exemptions from capital gains by investment in real estate, etc.' 'So, there are a number of measures directed at collecting a fair share from higher income individuals.'
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