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Limit Of Tax Exemption

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Want To Donate To A Political Party? Read This!

Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN. Kindly note this illustration generated using Microsoft Copilot is only posted......

No motor vehicle tax if not used in public place, rules SC

Motor vehicle tax is compensatory in nature and if a vehicle is not used or not kept for use in a 'public place', then its owner should not be burdened with motor vehicle tax for such period, the......

'Could Ajit Pawar Have Known?'

'Everyone involved in this transaction must be punished and penalised.' IMAGE: Maharashtra Deputy Chief Minister Ajit Pawar with Prime Minister Narendra Modi, Pawar's wife Sunetra and son Parth.......

Local body polls soon? Maha cabinet takes 21 decisions in single day

With elections to local bodies looming, the Maharashtra cabinet took 21 decisions on Tuesday, an unusual number for a single meeting, including the closure of the state's asset reconstruction......

Will Bihar Lift The Liquor Ban After Polls?

Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.......

Budget: Govt may hike tax exemption limit

Taxpayers can expect some relief from high inflation in Budget 2011-12 as the government may raise the income tax exemption limit for individuals. "Finance Minister Pranab Mukherjee is alive to......

Kelkar for doubling tax exemption limit, reducing

The Vijay Kelkar panel on tax reforms on Friday proposed doubling of the tax exemption limit on personal incomes to Rs 1,00,000.In its report on direct taxes, the taskforce headed by the advisor to......

Tax exemption limit raised to Rs 2.5 lakh

Salaried class has got something to cheer with Finance Minister Arun Jaitley raising tax exemption limit to Rs 250,000 from Rs 200,000, providing a relief of Rs 5,000. "I propose not to make any......

Govt doubles tax exemption limit to Rs 500,000

If an individual invests in the specified tax saving schemes of the government, the effective tax-free income limit will be Rs 650,000 a year. Illustration: Dominic Xavier/Rediff.com In a major......

Refrain from raising Income Tax exemption limits: Survey

A cross-country comparison shows that India currently has the lowest number of taxpayers, the survey said, adding that nearly 85 per cent of the economy still remains outside the tax net.  ......

ICC-BCCI deadlock on tax exemption issue likely to continue

Tax exemptions for future global events, broadcasting rights for the World Test Championship and capping participation in private T20 leagues are among the issues that will come up for discussion......

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