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Economy
The 80CCD Confusion: Do You Get Another 100,000 Deduction?
There are many conflicting views on the budget. A certain section – 80 CCD – has been amended, clarifying that it is available to private sector ...
Economy
Capital Gains Bond Investment Loophole Plugged: Only 50 Lakhs Allowed to Offset Gains
One more tax loophole in Capital Gains has been bridged. Now, you can only invest your long term capital gain in certain bonds (54EC, like NHAI bonds) upto Rs. ...
Economy
You Can Buy Only One House To Offset Capital Gains: Budget 2014
You can only buy one residential house with the capital gains you make, says the Finance Ministry, in the Budget. If you have capital gains from selling a ...
Economy
Our Take on the Budget: What Just Happened?
There’s always things to like and dislike about budgets and governments. How could they do this? What about that? These are considerations, sometimes petty ...
Economy
Go Healthy: Tobacco Duty Hike of Upto 72%, Coke and Pepsi Get a 5% Tax
It’s going to cost you a lot more to light up. The excise duty on cigarettes is up 72% for cigarettes less than 65 mm, and 11% to 21% on other cigarettes. ...
Economy
Cheaper Kindles, Chappals and Soaps, Pay More for Radio Taxis and Coke
We have seen indirect taxes change with the Budget, and here are the key changes: Consumer Goods Soaps get cheaper as customs duty on input chemicals is cut ...
Economy
The Murder of the Debt Mutual Fund By Closing a Tax Loophole
Invested in an FMP? Bought a Liquid Fund And Stuck around for a Year? Bought Debt Funds for the “Inflation Indexation”? You’re going to hate Arun ...
Economy
Budget 2014 Direct Tax Summary: Almost Like There Was No New Government
The Budget Highlights are here, in a quick summary. We’ll warn you: it’s almost like there was no new government. We’ve seen some minor changes. What ...
Economy
Budget 2014 Eases Taxes Marginally
What you really want to know about the budget: How it affects your taxes. So here goes: Base Slab Upped by 50K to 250K Your income upto Rs. 250,000 is exempt. ...
Economy