Analysts at Bank of America Merill Lynch said that fears of inflation getting "generalised" are overdone, as only two sub-categories of fuel and light and housing (accounting for 22 per cent of the basket) have seen a price-rise above the headline 5.2 per cent.
Can't believe you can file your income tax return without Form 16? Read this...
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
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.
Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home!
While Chanda Kochhar got a pay of Rs 2.66 crore, Arundhati Bhattacharya took home only Rs 28.96 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.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Another major development is REITs coming closer to reality
Whether salaried or running your own business, it's about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year.
Right steps you can considerably reduce the tax outgo.
Assocham has also pitched for revision of the deduction of interest on housing loans to at least Rs 300,000 from the existing Rs 200,000
For July-September, it pegged CPI-based retail inflation at 4.2 per cent which it saw firming up to 4.8 per cent in the second half of the current fiscal.
What do you think of these proposals? Vote at the end of each proposal!
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
But do not expect the finance minister to fulfil all these wishes
It pointed out that farm loan waivers, combined with a potential stimulus which the government is mulling now, can result in a 1 percentage point slippage in fiscal deficit
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
While still not as drool-worthy as their private sector counterparts, the hike is quite hefty, and across segments
Deduction on home loan interest cannot be claimed when the house is under construction
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Lakhs of students appear for it every year. How are you preparing for it?
Here's a simple primer to what actually Form 16 is and what must be done with it.
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
With the new tax slabs applicable for income earned during Financial Year 2014-15 and host of new changes in income tax returns and filing norms, this e-filing season will certainly bring in a new experience for taxpayers. Here's how
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
A raise in the I-T exemption limit has been sought by many.
Sandeep Shanbhag offers tips on post Budget taxation rates.
Mohandas Pai took part in an hour-long chat on rediff.com
Boost to dairy sector will generate jobs
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