ICICI Bank seeks recovery of amounts from Chanda Kochhar
In a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's petition and stated that the issue can be decided in a commercial suit.
Tax optimiser: Avuluri can save Rs 43,000 tax via NPS, health insurance
Not only should you ask your employer for the NPS benefit, but you sh...
Tax optimiser: Why Pai can save tax only marginally via NPS
You can optimise tax by rejigging your income and investments. In this taxpayer's...
Tax-saving guide for FY 2019-20
In our hurry to complete the tax-saving exercise before the end of the financial year, we end up making expensive mistakes. Here is a handy guide to set you on the right path.
Refunds of direct tax, indirect tax amount to Rs 2.2 lakh Crore this year: Revenue Secretary
The Income Tax Department has issued tax refunds of Rs 1.57 lakh crore till December 11, Revenue Secretary Ajay Bhushan Pandey said on Frida...
SC asks Amrapali buyers to pay outstanding amounts by January 31
The top court asked 28 banks, who have entered into agreements directly with home buyers or through the Amrapali Group for financing homes, to disburse the pending amount within one month.
Does switching from one mutual fund scheme to another attract capital gains tax?
An individual can switch from one mutual fund scheme to another. The money is redeemed and directly reinvested.
Lok Sabha passes bill to raise chit fund amount by three times
According to the bill, it is proposed to raise the maximum chit amount from Rs 1 lakh to Rs 3 lakh for those managed by individuals or less than four partners, and from Rs 6 lakh to Rs 18 lakh for firms with four or more partners. The maximum commission for the 'foreman', who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent.
Tax optimiser: NPS, LTA claim can help salaried Gupta cut tax by Rs 4 lakh
Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hence in this way, you can optimise your tax by rejigging your income and investments.
Don't want any company to shut operations: Nirmala Sitharaman says will address concerns of Telecom Sector
NEW DELHI: The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telec...
Airtel, Voda, Idea made no provisions for AGR disputed amount
The telcos were expected to declare the disputed amounts as 'provisions' since they were well aware of such amounts all through the proceedings before TDSAT and till the matter was disposed of by the Supreme Court.
How should a senior citizen invest amount received on FD maturity to get monthly income?
You can equally divide the amount in corporate bond and floating rate funds. For monthly income, consider debt funds that are yielding 6-7% annually. You can opt for a monthly SWP option, which can be up to .50 percent of your corpus.
How should I manage multiple health insurance policies after retirement?
If you feel your current health policy does not provide enough cover, you can port your policy to a different insurer. If your son and his family are living abroad, there is no point covering them under the local health insurance policy.
Federal-Mogul open offer case: SAT dismisses Tenneco appeal, asks to deposit amount within 4 weeks
The issue relates to the valuation of the shares of Federal-Mogul Goetz (India) Ltd or FMG by Tenneco Inc arising out of open offer for acquisition of 25.02 per cent.
Here's a trick to lower your tax on capital gains from equity
Long term capital gains accrued from selling equity shares and equity-oriented mutual funds are exempt from tax for maximum up to Rs 1 lakh in a financial year. The gains in excess of Rs 1 lakh are chargeable at the rate of flat 10 percent.
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