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Mr FM, your basic IT exemption limit is almost as poor as NREGA daily wages

Jul 03, 2014

Mr FM, your basic IT exemption limit is almost as poor as NREGA daily wages

The basic income tax exemption limit in India is a joke, It is simply far too low for a family with one salary earner and five members in it. #Arun Jaitley #analysis #Budget 2014 #Union Budget 2014-15 #Basic Tax Exemption Limit #IT Deductions #80C
Poor staffing affected prosecution in tax evasion cases: CAG

Feb 18, 2014

Poor staffing affected prosecution in tax evasion cases: CAG

CAG carried out a study on administration of penalty and prosecution by the Income Tax department between August and December 2012. #Economy #India #CAG #NewsTracker #Tax Deducted at Source #Economic Offences Court
Budget 2014: Six terms you should watch out for

Feb 17, 2014

Budget 2014: Six terms you should watch out for

In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on. #Exemption #Budget 2013 #Deduction #Budget Lexicon
Budget 2013 speech: Six terms everyone should know

Feb 28, 2013

Budget 2013 speech: Six terms everyone should know

In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on. #Exemption #Budget 2013 #Deduction #Budget Lexicon

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Budget 2013 speech: Six terms everyone should know

Sep 16, 2014

Back To School 2014: Deducting The Cost Of Playing Sports

There are a lot of benefits to playing team sports but the costs of doing so can be a real challenge. Are there any tax breaks available for playing sports? With a little creativity, you may be able carve out some tax deductions and/or tax credits to...
Budget 2013 speech: Six terms everyone should know

Sep 16, 2014

Back To School 2014: Health Insurance Premiums As Benefits And Deductions

Do you pay for your own health care insurance? If so, it may be deductible on your federal income tax return. If you're lucky enough to have your health care insurance paid for by your employer, that's tax beneficial, too: health insurance premiums a...
Budget 2013 speech: Six terms everyone should know

Sep 13, 2014

Back To School 2014: Casualty Loss And Theft Deduction

Most taxpayers know that deductions are available for businesses which suffer a loss as a result of a theft or casualty (like a natural disaster). But did you know that individual taxpayers can claim a tax deduction for those losses, too...