Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ravi Singhal explains how a taxpayer can go about reducing her/his tax liability if they suffer losses while investing or trading in the stock market.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Is taxable amount above 1 Lac is also to be shown as income from other sources?'
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
The grandfathering clause and set-off provisions can be used to reduce the tax payable on sale of bonus shares, says Arvind A Rao.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
'It is only fear and speculation, without much substance, that has led to the fall.'
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'
'This fall is nothing. We could see worse if everybody hits the panic button.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
'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.'
Legal hurdle cited in I-T action against 32,000 entities.
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.
Under the Income Tax Act (I-T Act), the income of a minor child is clubbed with that of one of his/her parent, whoever earns more.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tax Guru Anil Rego answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The fiscal pressure will be there, but the intent of the government behind this move is to spur demand and growth.'
These stocks are prone to manipulation and have been earlier reported by probe agencies.
Markets suffered after other Asian indices closed in the red, tracking record-breaking losses at the Wall Street overnight.