'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
In his poll rallies, Modi framed Pitroda's comments in his wider onslaught against the Congress, asserting that they have exposed its hidden agenda and that the party has become so removed from the country's social and family values that it wants to legally rob people of their assets and lifelong savings they want to bequeath to their children.
Ulip investments can be claimed as a deduction from taxable income. But there is a catch to this which most insurance companies do not tell you.
The CBI arrested an NIA deputy superintendent of police posted in Patna and two middlemen on Thursday for allegedly accepting a Rs 20 lakh bribe to extend favours to a person in an ongoing probe, officials said.
Section 54EC bonds give positive returns, despite a lock-in and tax on interest income.
Find out which amongst the three tax-saving options investors should opt for.
Kharge's remarks came after Modi on Friday said the Congress stands "badly exposed" in front of people for promising to them what the party knows it will never be able to deliver.
The last date of filing income tax return for individuals, salaried person is 31st July, 2007, says tax expert Vikas Gandhi.
FM, in the revised estimates for 2012-13, projected a fiscal deficit of 5.2 per cent. This is now likely to be revised in light of better than expected revenue realisation and savings.
With barely a few days left before the current financial year (2007-08) comes to an end, it's time to pay taxes and file returns.
Here's a quick round up on what you should do whilst you apply finishing touches to your tax planning.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-Budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
Our politicians need to take a leaf out of Mr Trump's personalised merchandise sale: It keeps his image in the public eye, continuing to engage him differently and innovatively with his supporters, points out Sandeep Goyal.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Here are some key parameters that need evaluation before you select the right tax-saving fund.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
That's what ELSS investments have to offer, coupled with other benefits.
But to avail the benefit of this new tax-saving scheme you will need to ask your employer to make some changes to your CTC package.
The finance minister's tax giveaways are what have saved tax-payers from the impact of inflation and higher home loan rates.
Recently, Finance Minister Pranab Mukherjee had assured industry that the government was open to re-examining proposals in seven key areas.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Do you want to know if your investment in a house, mutual fund, insurance or real estate taxable? How is tax calculated on your ESOPs?
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
American president Barack Obama has once again targeted American companies having their operations in India to save taxes back home and called such businesses tax evaders.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
Investmentyogi simplifies equity linked savings schemes for Get Ahead readers and discusses the pros and cons.
The Central Board of Direct Taxes has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be taxable from the running fiscal.
The income tax department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday. The searches were conducted on February 15 at the main business and residential premises of "key office bearers" of a multi-national group, engaged in distribution of telecom products and providing captive software development services, the CBDT said in a statement. Sources identified the company as Huawei.
If you have one and attach digital signature while e-filing, there is no need to submit a hard copy. However if you file without a digital signature, then you will have to submit a hard copy of ITR-V (generated on the e-filing) within 15 days of e-filing, says Vikas Gandhi
What are the tax benefits investors get on investing in mutual funds? Read on to find out. . .
Investments of up to Rs 100,000 in tax-saving funds are eligible for deduction under Section 80C of the Income Tax Act. This has opened up a new spectrum for investors while conducting their annual tax-planning exercise.
Postal Time Deposits are similar to Fixed Deposit that you keep with Bank. For claiming deduction, the minimum period for which you should keep such Time Deposit is of 5 years.
Direct tax expert Vikas M Gandhi offered some valuable tax-saving tips.
A recent ruling by Income Tax Appellate Tribunal (ITAT) in the case of Chandrakant Shah stated that if you borrow interest-free money from friends and colleagues neither you nor the lender will have to pay tax.
Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.
Do you know what Section 80DDB is and how it can help you save tax? How much tax can you save under this section and how can you avail it?
How about analyzing the right tax saving product for you? Want to know how? Read on. To begin with ask yourself these two questions: your risk tolerance level and what stage in life you are in. But why should you do it in the first place?
Learn about the best tax saving investments and options for the assessment year 2010-11).
Archit Gupta on how can you maximise your savings and reduce your taxable income.
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