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
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 US, 3 days ago There is no tax on interest income of up to Rs3 lakh a year for senior citizens Livemint.com, 1 week ago Senior citizens do not have to pay advance tax on salary and interest income Livemint.com, 2 months ago
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.com, 5 days ago No tax on cash received as gift on your wedding; else gifts above Rs50,000 taxable Livemint.com, 1 month ago Properties received under a Will do not have any tax implications for legal heirs Livemint.com, 1 month ago Cash gift received from parents do not have any tax implications for children Livemint.com, 2 months ago
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.com, 2 weeks ago
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.com, 3 weeks ago Reinvest long-term capital gains from sale of a house in a new house to avoid LTCG tax Livemint.com, 1 month ago
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.com, 1 month ago
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 Chronicle, 2 months ago
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