Personal Finance »Taxation
Taxation
  • 23 Nov 14
    12:27 AM
    Sudhakar Rao, an employee with a large private sector firm is due to retire in two months and is planning his post-retirement life. His finances are in order. He has no liabilities since his home loan has been paid off.
  • 09 Sep 14
    02:10 AM
    Recently, a senior citizen received a notice from the Income Tax Department, asking her to pay Rs 30,000, the tax on her bank fixed deposits for assessment year 2013-14, along with interest, for late payment of tax.
  • 25 Aug 14
    05:30 AM
    Debt mutual funds were a perfect substitute to the conventional fixed deposits (FDs) because they offered much better post-tax returns. But the Budget 2014-15 took away the tax advantage of debt funds.
    12:19 AM
    For those of you who think the 30 per cent peak income tax rate along with an education cess of three per cent is way too high, here's something that could make you feel better.
    12:14 AM
    This article has been modified. Please see the correction at the end.
  • 04 Aug 14
    06:30 PM
    The Supreme Court has come to the rescue of buyers in Supertech's controversial towers in Noida by providing them with a refund with compounded interest payment of 14%. But ones who go for this option will have to pay taxes on the interest they receive.
  • 30 Jul 14
    09:27 AM
    With July 31 just around the corner, everyone must be busy with their income tax returns. Filing returns has become convenient since it can now be done electronically.
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