Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The Cabinet Committee on Divestment on Tuesday approved the proposed strategic sale of 51 per cent of equity in Rashtriya Chemicals and Fertilisers Ltd in which the government has a stake of 92.5 per cent.
The government is likely to invite the financial bids for divestment of ICVL, in the last week of February.
Differences between ministries of divestment and petroleum are likely to surface at Fridays meeting of the Cabinet Committee on Divestment as the former is believed to have proposed keeping public sector units.
Amalgamated Bean Coffee Trading Company has embarked on a major expansion plan involving a total investment of Rs 18-25 crore of its Cafe Coffee Day outlets with 100 more to be established, including 50 abroad.
India's leading coffee-cafe chain Cafe Coffee Day on Tuesday opened its 150th outlet in New Delhi incorporating a bookshop within and announced plans to open 25 more outlets in north India this year.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
Tax Guru Anil Rego answers your personal income tax queries
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
BBM users on Android and iPhone will now be able to make free voice calls to BBM contacts over a Wi-Fi or cellular data connection with BBM Voice, as well as access BBM Channels, a broadcast service, BlackBerry said in a statement.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
Indian coffee shops market over the next four-five years will grow between 6 and 18 per cent CAGR, all due to the growing coffee culture among the youth, increasing urbanisation, rising disposable income levels and changing eating and drinking preferences, says Atanu Biswas.
For the second time in a year, a NASA camera aboard the Deep Space Climate Observatory satellite captured a 'lunar photobomb' -- a stunning view the Moon as it moved in front of the sunlit side of Earth, crossing over the Indian and Pacific oceans.
All those years of contributions not adding up to a big reward definitely makes the scheme unappealing.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
A NASA satellite, orbiting one million miles away, has captured stunning images of the Moon passing the Earth's sunlit side, which show the 'dark side' of the lunar body that is never visible from our planet.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
Finance Minister Arun Jaitley announced several reforms.
At present, deposits, accrual of interest and withdrawals are tax free under the scheme.
It has been also revealed that V G Siddhartha had written a letter to the Board of Directors and employees of Coffee Day Enterprises, saying he had 'failed as an entrepreneur'.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
Withdrawals from EPF and NPS to have same tax rates.
'I don't think Siddhartha has done anything wrong. He has not managed his debt well. In any case, he is not the best example of the system going wrong or the system pushing him hard. I think on that particular day, he was depressed and took an impulsive decision. It will be unfair to blame the system.'
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
Want your investments to make money as well as save tax for you? Anil Rego has some advice
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
There is a perk for donating to parties. An individual who makes an eligible donation is entitled to get 100% tax deduction under Section 80GGC of the Income Tax Act.
Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
Global retail giant Walmart has got fair trade regulator CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian joint venture for wholesale stores business.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Indian tax laws offer start-ups ways to save taxes.
The govt has incentivised the worst of investment products.
Tax payers need not dread filing returns as the process can be simplified.
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