Britain's elite still enjoying a tax break 100 years old

Alternative investment funds (AIFs) are seeking better tax treatment by allowing ‘pass through’ status for investments through the vehicle in the coming budget. They are hoping that the finance minister will remove anomalies in tax treatment for various ...

Team Money Today Last Updated: February 28, 2015 | 14:15 IST FM Arun Jaitley. The scheme was announced by the finance minister in his previous budget in July 2014 and the scheme was launched in January this year. Finance minister, Arun Jaitley has made ...

Shipping industry got some positive news in the Union Budget with removing the anomaly in computation of residential status of seafarer working in Indian ship and foreign ship. However, Shipping industry demand that treatment of book profit on sale of qualifying assets as 'core shipping income' and should be excluded from book profits while computing MAT liability has not been considered in Union Budget 2015-16. Budget Provisions To amend Income Tax Act to provide a uniform method of ...

Higher service tax from 12.36 to 14 per cent will increase the cost

The Sukanya Samriddhi Scheme has got tax-free status on interest income and withdrawal in the Budget. "Investments in Sukanya Samriddhi Scheme is already eligible for deduction under Section 80C. All payments to the beneficiaries including interest payment on ...

re status for housing. Addressing a real estate conference organised by RICS, CREDAI President (Elect) Getamber Anand said the government should provide some fiscal incentives to the real estate developers to build affordable housing. NAREDCO Chairman Naveen ...

Tax provisions that apply to exempt status of life insurance proceeds should align with IRDA product guidelines. Long term pension plans should get exempt-exempt-tax treatment. If government launches zero coupon bonds it will help insurers to better manage ...

"There is a need for some forward looking policies and reforms in the field of disinvestment, tax infrastructure, clearances and policy decisions," said Prashant Solomon.

Budget should give boost to housing sector by giving infrastructure status to housing sector.