Personal Finance »Taxation
  • 22 Jul 16
    05:02 AM
    The Siddhivinayak temple has announced it will accept shares as donation, following the example of the Tirupati temple. However, remember that from a tax perspective, it would be a good idea to donate money rather than stocks.
  • 26 Jun 16
    01:07 AM
    To save long-term capital gains tax liability arising due to theselling of a residential property, the seller can use the proceeds to buy or construct another house. This is clearly stated in Section 54 of the Income Tax (I-T) Act.
  • 15 Jun 16
    05:53 AM
    If you had filed your income tax return but it has not been processed because the acknowledgement (ITR-V) didn’t reach the department, there’s a chance to regularise it.
  • 01 Jun 16
    04:30 AM
    A slew of additional taxes announced in the Budget, including agriculture cess on services, equalisation levy, higher securities transaction tax on sale of options and tax collection at source on cash purchases for goods and services over Rs 2 lakh, will
  • 30 May 16
    02:04 AM
    I shall retire next month and expect a pension of Rs 40,000 a month. I also have investments in fixed deposits and receive interest income.
  • 27 May 16
    03:40 AM
    Owing to improvements in health care, the number of senior citizens in India is growing. Today we have around 10.5 crore senior citizens (those above the age of 60) and more than 1 crore very senior citizens (those above 80).
  • 18 May 16
    10:43 PM
    The finance ministry will launch an ‘income declaration scheme’ from June 1. Those who have not declared their income correctly in earlier years will have an opportunity to do so during the four months the scheme remains open.
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