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Economy
Insurance: Pay 3% or 1.5% Service Tax Now
Till last year, service tax was chargeable on the premium you paid for Term insurance policies. Even in ULIPs the service tax was only charged on the portion ...
Economy
Insurance: Full Tax on Surrender If Premium>10% of Sum Assured [Corrected]
Missed in the glory of the Budget 2012 are key changes in Life Insurance. No 80C deduction if your Premium’s greater than 10% of the sum assured Under ...
Startups
Startup Tax: Becoming a Venture Capital Fund
Also Read: Angel Investors Beware: Funding Startups Could be Classified as Income Many investors have asked, privately, if they can set up a Venture Capital ...
Economy
Private Cos: Investors Must Reveal Source Of Funds
Also Read: Angel Investors Beware: Funding Startups Could be Classified as Income Yet another amendment in the budget will open a can of worms, though this one ...
Startups
Startup Tax: Tax Dept Tells You How To Value Your Startup
We know now that the new amendment in the budget will attempt to tax angel investors that want to buy into a company at a “premium” valuation, a concept ...
Economy
Digital Still Cameras Get 10% Duty
In a tiny little addition, customs duty has been introduced on Digital Still Image Cameras. Till last year, all digital still cameras were not charged duty. ...
Economy
Angel Investors Beware: Funding Startups Could be Classified as Income
Startups, founders and Angel investors, please note the change in Budget 2012 that has been slipped in, innocuously. An investment in any private company could ...
Economy
Duty Free: Bring Rs. 35,000 Worth Goods Back
There was one thing that interested me a lot: towards the end of the Budget Speech, the FM said : 217. Baggage allowance for Indians travelling abroad was last ...
Economy
Budget 2012: New Tax Slabs
I’m writing a lot on the budget, but I thought I’d do a quick post since most questions are in this domain. The tax slabs have been reorganized to align ...
General