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4402 ArticlesDeepak Shenoy

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Quirky Budget Facts

Waste Paper Has No Customs Duty. Apparently, our streets are not dirty enough, so we are providing a complete duty exemption for importing waste paper. The Tax ...

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 ...

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 ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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 ...