While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
A strong start-up ecosystem can propel investment, jobs, and demand creation, and for that, substantial growth capital is required.
CBDT to reopen cases, conduct detailed inquiry of taxpayers who invested in such shares
Provisions of long-term capitals gains tax is now applicable after only two years.
A N Shanbhag explains various issues related to the Securities Transaction Tax
Once the income has been classified as either business income or capital gains, be consistent.
The Institute of Chartered Accountants of India has shortlisted the changes it hopes to see in Budget 2017.
A key demand is to reduce the dividend distribution tax on listed firms.
Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.
Retail investors planning to 'return' to the stock markets, may want to evaluate mutual funds a little more objectively.
The Kelkar Committee has recommended that Section 88 be done away with completely. If this happens, tax rebate on equity-linked tax saving schemes will go.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
A N Shanbhag explains issues related to long-term capital gains and equity.
Vijay Kelkar panel on tax reforms on Friday proposed doubling of the tax exemption limit on personal incomes to Rs 1,00,000.
Indexation is a technique to adjust tax payments by employing a price index which adjusts for inflation
Tendering the shares in an open offer will lead to higher taxation.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
Retail investors should not invest for bonus or dividend because in order to make money over the long term.
Gold monetisation scheme will help unlock value of gold.
DDT is levied on dividends that a company pays its shareholders out of its profits. It is currently charged at the rate of 20.55 per cent, including a surcharge and education cess. Government may instead tax the shareholders receiving dividends, in a bid to help improve investor sentiment by addressing the multiplicity of taxes and bring down the effective tax rates for companies.
A new study shows that the bottom half of the population enjoyed only 15 per cent of national income in 2013-14, down sharply from 24 per cent in the early 1980s.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
This finance minister has come of age. That's not condescension. It is a praise, says Omkar Goswami.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Jaitley's fifth Budget has provided little relief to the middle class.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
In the 2020-21 Budget, the prime minister and the finance minister are keen to stamp their narrative, after various rollbacks following the previous Budget, said top government sources. Besides the scheduled meetings, the sources said, the Prime Minister's Office is expected to hold several meetings with top secretaries and officials on various ongoing schemes, their performance and also how some of them could be tweaked for better results.
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'