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Budget 2015: Draconian black money law won't work without one-time amnesty

Mar 02, 2015

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean" #Arun Jaitley #Anti-money laundering #Black Money Amnesty Scheme #budget 2015 #Union Budget 2015 #Budget2015 #Illegal Wealth in Swiss Banks
Budget 2015 low on big bang reforms;  there's not much for housing

Mar 01, 2015

Budget 2015 low on big bang reforms; there's not much for housing

The budget has not provided any additional relief via increased income tax deduction limit or on repayment of housing loans. The regime on these fronts, which was announced during the previous budget from eight months ago remains unchanged. This is a disappointment, since there were expectation that the Finance Minister would further increase either or both of these limits and thereby address the reality of high property prices in India. #Arun Jaitley #Wealth tax #Real estate #Union Budget 2015 #Budget2015 #Real Estate Budget 2015 #Transpareny
Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

Feb 28, 2015

Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

The surcharge would now be 12 percent for individuals earning Rs 1 crore and above and companies with income of Rs 10 crore and above. "The rich and wealthy must pay higher taxes," Jaitley said. #Arun Jaitley #Wealth tax #Super rich #budget 2015 #Personal Finance Budget 2015 #Finance Budget 2015
Budget 2015: Address issues of entrepreneurs and startups; they create jobs and wealth

Feb 23, 2015

Budget 2015: Address issues of entrepreneurs and startups; they create jobs and wealth

The previous regime has done enough in wealth distribution. Jaitleys Budget 2015 must lead India towards wealth creation. #Entrepreneurship #Arun Jaitley #job creation #startups #wealth creation #Budget2015 #IT Budget 2015 #Economy Budget 2015
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

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Financials emerge largest wealth creating sector

Dec 12, 2011

Financials emerge largest wealth creating sector

This new leading wealth creating sector has steadily increased its share of wealth from 12 percent in financial year 2006 to 24 percent in financial year 2011. #Reliance Industries #Wealth #ExpertView #wealth creator #Motilal Oswal Securities Ltd
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