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Income tax

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Returns filing: Over 44-lakh high-value spenders on I-T radar

Mar 03, 2015

Returns filing: Over 44-lakh high-value spenders on I-T radar

The taxman tracks high value spenders through its electronic data mining tools and it keeps track of each such transaction till the appropriate taxes are paid in this regard. #NewsTracker #CBDT #Income tax #Revenue #Tax Deduction at Source
India to join top global league with proposed black money law

Mar 01, 2015

India to join top global league with proposed black money law

While the proposed law in India has been largely welcomed, industry body Assocham today said the government should avoid over-kill and rush job" in its efforts to check foreign assets' concealment. #Black money #ASSOCHAM #Arun Jaitley #FEMA #Income Tax act #Budget2015 #Economy Budget 2015 #Settlement Commission
More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Mar 01, 2015

More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Finance Minister Arun Jaitley did not really bring in acche din for the salaried class as the income tax slabs remain unchanged but it did offer some respite by doubling monthly transport allowance ( which is tax free) to Rs 1600 as well as offering deductions under section 80 (D) #salaried class #budget 2015 #Union Budget 2015 #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Income Tax Exemption
Budget 2015: Why cut corporate tax but not personal tax, Mr Jaitley?

Mar 01, 2015

Budget 2015: Why cut corporate tax but not personal tax, Mr Jaitley?

Around 3% of Indians pay income tax. If more corporates are likely to pay more tax at lower rates, can't the same assumption be made for individual tax payers as well? Further, like the corporates income tax laws, can't the personal income tax laws simplified as well? #Arun Jaitley #Income tax #Budget #personal taxes #Union Budget 2015 #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Arun Jaitley Speech
Budget 2015: Jaitley incentivises middle class tax payers

Feb 28, 2015

Budget 2015: Jaitley incentivises middle class tax payers

The finance minister wants you to save more for your twilight years; pension funds and health insurance firms are the biggest beneficiaries. #Economy #Arun Jaitley #New Pension Scheme #Income tax #salaried class #Budget2015 #Common Man Budget 2015 #Personal Finance Budget 2015 #Section 80DD #Sukanya Samriddhi Scheme
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