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Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

Jan 28, 2015

Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

The income-tax law indeed is caught in a time warp especially for the salaried class #Arun Jaitley #Income tax #Exemption #Deduction #80C #budget 2015
Direct tax collections up 13% in nine months of FY'15

Jan 23, 2015

Direct tax collections up 13% in nine months of FY'15

The growth rate of direct tax collections, however, is still short of annual target of 16 percent. During the April-December period of last fiscal, the government had collected Rs 4.84 lakh crore. #Economy #NewsTracker #Arun Jaitley #Direct tax #Income tax #Securities Transaction Tax
Jaitley prepares bonanza for middle class, may increase I-T exemption to Rs 3 lakh

Jan 23, 2015

Jaitley prepares bonanza for middle class, may increase I-T exemption to Rs 3 lakh

If the finance minister increases the exemption limit now, it is likely to boost the urban consumption #Arun Jaitley #Income tax #budget 2015 #exemption limit #consumption demand #Rs 3 lakh #Rs 2.5 lakh
Black money chase: Cap on Cash-in hand at Rs 10 lakh, buys over Rs 1 lakh needs PAN

Jan 19, 2015

Black money chase: Cap on Cash-in hand at Rs 10 lakh, buys over Rs 1 lakh needs PAN

In a bid to check unaccounted wealth in the economy, the Income Tax Department is working out a number of measures which include capping the amount of money one can keep it home as well as making it mandatory to furnish PAN cards in case of high-value purchases. #Black money #Income tax #MoneyMatters #PAN #cash-in-hand #accounted wealth
Mr Jaitley, Indias Wealth Tax Act is a comic legislation; it needs an overhaul

Jan 15, 2015

Mr Jaitley, Indias Wealth Tax Act is a comic legislation; it needs an overhaul

It is strange that while a person is mandated to declare the jewels lying in his bank locker, he is not mandated to disclose how much lies in his savings and term deposit accounts #Arun Jaitley #Income tax #budget 2015 #Wealth Tax Act
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