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About 13 results for "parizad sirwalla"

Parizad Sirwalla: Investor choices in pensions

In the Union budget 2016, the finance minister espoused the aspiration to move towards a pensioned society. This is a tough challenge that needs careful planning and astute implementation. According to the 2011 census, only 12 per cent of the Indian workforce ... The Financial Chronicle, 2 months ago
Livemint.com

You don't have to pay tax on these incomes

Bloomberg There are certain incomes that are exempt from income tax. If you get your income from these sources, your tax liability will be zero. 1) Dividend from shares and equity mutual fund: If you have invested in the shares of an ...
 MSN News US3 days ago There is no tax on interest income of up to Rs3 lakh a year for senior citizens  Livemint.com1 week ago Senior citizens do not have to pay advance tax on salary and interest income  Livemint.com2 months ago
Livemint.com

Property or money received from certain relatives is exempt from tax

An exemption is available if the property or money is received from a relative, who include, among others, the individual's parents I had bought shares for about Rs2 lakh in the 2004-08 period. Their value is around Rs3.5 lakh now. I want to gift ...
 Livemint.com5 days ago No tax on cash received as gift on your wedding; else gifts above Rs50,000 taxable  Livemint.com1 month ago Properties received under a Will do not have any tax implications for legal heirs  Livemint.com1 month ago Cash gift received from parents do not have any tax implications for children  Livemint.com2 months ago
Livemint.com

For inherited assets, period of holding is from the date of purchase by the owner

As per the recent amendment applicable from the financial year (FY) 2016-17 onwards, tax return filing has been made mandatory in respect of taxpayers with exempt LTCG arising from equity shares or equity-oriented mutual funds I own few equity ...
 Livemint.com2 weeks ago
Livemint.com

Gains from sale of an inherited house shall be taxable as capital gains

The cost of acquisition and improvement, if any, made subsequent to the purchase, by you and your grandfather should be increased using the applicable Cost Inflation Index (CII) notified I am planning to sell a house bought by my grandfather in ...
 Livemint.com3 weeks ago Reinvest long-term capital gains from sale of a house in a new house to avoid LTCG tax  Livemint.com1 month ago
Livemint.com

If a house sells for more than Rs50 lakh, the property's buyer has to deduct 1% tax

In case of gift, the period of holding of land is reckoned from the acquisition date of land by the owner who has actually acquired the said asset, otherwise than by inheritance or gift My late father had bought 1 acre of land for Rs1 lakh in ...
 Livemint.com1 month ago

Second life

In a country, where according to the 2011 census, only 12 per cent of the Indian workforce of an approximate 58 million, were covered by various pension plans, the sky is the limit. Obviously, with a large pension coverage gap of 88 per cent, it cannot be any ...
 The Financial Chronicle2 months ago
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