Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
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Participating in a debate on the bill in Lok Sabha, Moitra said women's reservation is dependent on two totally "indeterminate dates" and asked, "can there be a greater jumla".
Mutual funds (MFs) are seeing higher growth in new systematic investment plan (SIP) accounts in rural areas (beyond 30 or B30 centres) compared to the top 30 (T30) cities. However, the average inflows from these areas remain significantly lower than those from the larger centres. Data from the Association of Mutual Funds in India reveals that investors from B30 contributed Rs 1,725 on average to MFs through SIPs, which is 70 per cent lower than the average ticket size of T30 investors at Rs 2,940.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
Opposition political parties this month sought a no-confidence motion in parliament to remove Pakistan Prime Minister Imran Khan.
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The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
The strong message from the prime minister is of continuity of policies he considers right with strong emphasis on execution, points out T N C Rajagopalan.
Congress president Mallikarjun Kharge on Friday said while just 24 hours were taken to disqualify Rahul Gandhi from the Lok Sabha after his conviction in a defamation case, it is to be seen how long will it take to reinstate him after the Supreme Court relief.
Despite failing to secure a simple majority in Parliament, we will continue to see him on TV, newspapers, magazines, bill boards, vaccination certificates, railway stations, bus shelters, airports, sea ports, on the highway and on rural roads, sighs A Ganesh Nadar.
Union Home Minister Amit Shah asked the opposition on Monday to allow a debate on the Manipur issue to begin in Parliament but the deadlock persisted in Lok Sabha and Rajya Sabha as both sides refused to budge from their stand, with Congress and its allies insisting on a statement from Prime Minister Narendra Modi first.
Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the 2021 calendar year, the consultant reported that housing sales increased to 64,010 units from 33,404 units in the same period last year. In the previous April-June quarter, 27,453 residential units were sold. "The total residential sales of the top eight markets under review during Q3 2021, reached 104 per cent of 2019 quarterly average," the consultant said, adding that sales have breached pre-COVID levels.
Initiating the debate from the opposition's side in the Lok Sabha, Gandhi said, "I stand here in support of Nari Shakti Vandan Adhiniyam."
Prachanda took the oath of office and secrecy from President Bhandari at an official ceremony at Shital Niwas.
Talking to reporters in the Maharashtra legislature complex in Nagpur on Tuesday, Fadnavis said there was a 'feeling' in the House regarding the Shraddha Walkar case that instances of 'love jihad' were seen at a large scale in the state.
Empty bottles of liquor were discovered inside the premises of the legislature in dry Bihar, in a fresh embarrassment to the Nitish Kumar government in the state, which has been drawing flak over recent hooch tragedies that have claimed more than 40 lives.
Government officials believe that central bridge projects perform better than state projects due to stricter checks and balances.
In yet another instance of his confrontation with the Dravida Munnetra Kazhagam dispensation in Tamil Nadu, Governor R N Ravi on Monday concluded his customary address to the House within a few minutes, making certain remarks over the content of the address that were 'expunged'.
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Ramalingam Kalirajan explains the pros and cons of both investment types.
The main Opposition party Communist Party of Nepal-(Unified Marxist-Leninist) (CPN-UML) disrupted the National Assembly meeting on Wednesday, demanding the prime minister's resignation. The meeting has been postponed to 1 pm Thursday.
Nestle, State Bank of India, Power Grid, Tata Steel, Larsen & Toubro and Mahindra & Mahindra were the other major gainers. In contrast, Tech Mahindra, Axis Bank and Reliance Industries were the laggards.
Despite the government's hectic efforts to avoid voting on the no-confidence motion against Khan, the joint Opposition succeeded in its month-long efforts to oust Khan from the prime minister's office as 174 members of the 342-member National Assembly voted against him in the wee hours of Sunday after a day of high drama.
Not an inch of land has been ceded since Narendra Modi became prime minister, Union minister Kiren Rijiju said in Lok Sabha on Tuesday, hitting back at an opposition MP who accused the government of giving away Indian territory "bit by bit to China".
Chandrappa's appointment follows the demise of KPCC working president and former MP R Dhruvanarayana.
Religion and economic barriers continue to define love in modern India, discovers Preshth Bhardwaj.
The Opposition parties need 172 members in the 342-member house to orchestrate the downfall of Prime Minister Khan.
Harris, 59, is scheduled to formally accept the Democratic Party's presidential nomination on Thursday to take on Republican rival Donald Trump, 78, in the November 5 election.
Days ahead of the opening of the new Parliament building, a controversy has erupted as the Congress on Monday accused the government of disrespecting constitutional propriety and demanded that President Droupadi Murmu should do the inauguration instead of Prime Minister Narendra Modi.
The petition, which was filed in the apex court on Tuesday by Lucknow-based advocate Ashok Pandey, said it is challenging the August 7 notification issued by the Lok Sabha restoring Gandhi's membership.
The key demand drivers -- such as low home loan rates and income tax sops, particularly for affordable housing -- that supported the recovery in H2 FY2021, remain in place and will spur recovery again, feel experts.
Kakar, a lawmaker belonging to Balochistan Awami Party (BAP), will lead a caretaker government until a new election later this year.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Recently, Dhoni filed a criminal case against Diwakar and Das claiming they have allegedly duped him of around Rs 16 crore by not honouring a contract to establish cricket academies, according to his lawyer.
Embattled US President Joe Biden on Sunday announced that he will end his candidacy for re-election in 2024 and endorsed Vice President Kamala Harris as the Democratic Party's new nominee, saying "it is in the best interest of my party and the country".
Proceedings in both Houses of Parliament remain disrupted from day one of the Monsoon session with the opposition parties demanding a statement by Prime Minister Narendra Modi on the Manipur violence before a discussion.
