Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Most taxpayers will benefit from being in the old tax regime, assuming they optimise their salary for tax benefits and claim the deductions available to them.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
Taking care of an elderly person in the family can be challenging. Here are some tips from Manali Sharma who works at the Aurum Senior and Assisted Living in Gurugram.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
A division bench of Chief Justice Dipankar Datta and Justice G S Kulkarni said the Union government's new "near to home" vaccination programme was like waiting for the virus carrier to come to the Centre. "Coronavirus is our biggest enemy. We need to strike it down. The enemy is residing in certain areas and in some people who are unable to come out. Your (government) approach should be like a surgical strike. You are standing at the borders waiting for the virus carrier to come to you. You are not entering the enemy territory," Chief Justice Datta said.
Brahmastra is a work of star-struck ambition and high-octane energy whose razzle-dazzle hits many happy notes, observes Sukanya Verma.
Chairman M Venkaiah Naidu read out an obituary reference after which MPs stood as a mark of respect to the memory of the departed.
One unwanted fallout of Stan Swamy's death from the government's point of view will be the increased attention on those senior citizens who are still in jail on charges which are taking a long time to prove, believes Amulya Ganguli.
The blaze claimed 11 lives. Most of the patients were senior citizens, and many of them were on ventilator or oxygen, which made the rescue operation more tricky.
'Children should include their parents in the group health insurance cover provided by the employer at the earliest.' 'However, the elderly should not depend on it alone and should also buy a personal health cover,' suggests Sanjay Kumar Singh.
"Lockdown is not an option but restrictions will be made more strict," Tope told reporters in Mumbai.
It was supposed to be a happy journey to London, one that the Imam family had been planning for the past two months. Everything was set - except the visa, which did not arrive in time for one of its members. "Visa was the villain...As a consequence, half of the family of four will be in London today and the other half at home in India and the US, respectively," Sanjar Imam, director of travel firm Panache World, wrote in a Facebook post on Sunday.
Aseem Chhabra presents his list of 10 international films that mattered to him, stories that he connected with and characters that gave him a better understanding of the human condition.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'I have to take better care of myself.' 'I was lucky that the cancer was diagnosed at a very early stage.'
The NCRB report stated that a total of 71,107 cases of 'offences against public tranquillity' were lodged across the country in 2020, an increase of 12.4 per cent over 63,262 such cases in 2019.
As an admirer of Japan for close to half a century, I care for Japan and expect Suga to respect the sentiment of his people and cancel the Olympics without further delay, says Rajaram Panda.
Three big cities in the country -- Delhi, Mumbai and Bengaluru -- witnessed huge spike in daily COVID-19 cases on Wednesday even as Delhi health minister Satyendar Jain claimed hospital admissions have stabilised indicating the current coronavirus wave peaked and cases may start declining soon.
Farmers' protest against the three farm laws passed by the Centre has entered its 23rd day on Friday. "We are preparing ourselves for a longer stay as our fight against black laws will continue. It's getting colder, so we're putting more tents," said a protester.
In a country where 'booth-capturing' and open intimidation of voters used to be a part of the poll processes until not very long ago -- and remains a factor even now - postal vote can challenge the very credibility of the electoral process as a whole, says N Sathiya Moorthy.
Personal accident cover should be purchased by everyone, irrespective of age, occupation or health condition, as one does not know when an accident could occur, causing hardship to the family.
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.
He said if people from other cities come to Delhi for specific surgeries, they will be provided treatment at private hospitals. "Delhi's health infrastructure is needed to tackle the coronavirus crisis at the moment," the chief minister said.
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
The Asian Development Bank has approved a US$ 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
'Due to lack of physical activity and proper care, senior citizens are falling at home or complaining of orthopaedic injuries,' cautions Dr Rajeev Verma.
A special squad consisting of women officials should be set up at every police station and patrolling should be intensified in areas where the occurrence of crime against women is more likely, Mumbai Police Commissioner Hemant Nagrale said.
To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.
That AAP managed a sizeable vote share in Gujarat is creditable. The BJP can no longer ignore AAP's growing presence in its strongest bastion, explains Ramesh Menon, long-time observer of Gujarat politics.
The War of the Tiranga is a metaphor for a new battle of ideas in national politics, observes Shekhar Gupta.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
The COVID-19 experts in Karnataka expect that the state may witness coronavirus infections touching the peak on January 25 before coming down gradually, Karnataka revenue minister R Ashoka said on Monday.
The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department -- https://www.incometaxindiaefiling.gov.in.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
In his remarks at the meeting, the prime minister underlined the importance of vaccination and the need to further accelerate the 'Har Ghar Dastak' programme to achieve 100 per cent vaccination coverage.
Warning that top officials at various levels 'shall be held personally liable' for any lapses, the apex court said it is unfortunate that despite various directions issued by it there is a blatant violation going on.
Mumbai Mayor Kishori Pednekar on Tuesday said if the daily Covid-19 cases in the city cross the 20,000-mark, a lockdown will be imposed in the city as per the Union government's rules.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
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