I-T dept conducts raids on Tollywood producer over alleged 'tax evasion'
Income Tax sleuths raid Tollywood producer Suresh Babu's Ramanaidu s...
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with repre...
Proposed Direct Tax Code: How it could cut your income tax
When the corporate tax rate was reduced to 25 per cent last month, it was termed a...
Soon, income tax department to issue PAN instantly online
According to Sources, the service of issuing PAN instantly online will be launched in the next few weeks. This would also help those individuals having an existing PAN to get a duplicate copy in matter of minutes. The facility will be free of cost.
Glenmark soars over 21% on CLSA’s upgrade
The stock has fallen over 42 per cent in the last one year.
HDFC's dividend income spikes; key Q2 takeaways
The company received a dividend of Rs 1,074 crore in the quarter from its subsidiaries.
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.
Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?
You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.
Can I claim deduction on my contribution to NPS as well that put in by the employer
The contribution from your employer will be exempt up to 10% of basic salary + dearness allowance for deduction under Section 80CCD(2). There is no upper limit (in terms of amount) on this tax deduction and it is available only to employees.
Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000
Yadalam should opt for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic salary put in the scheme is tax free.
Stock pick of the week: Why analysts are bullish on M&M Finance
With its focus on financing of used vehicle sales along with the improvement in its asset quality, M&M Fin improved its market share during these difficult times. The company is also trading at reasonable valuations, unlike other NBFCs.
Which stocks fell the most due to corporate scandals in past one year?
Shares of many companies took a beating in the past year due to numerous scandals that rocked corporate India. We take a look at the bad news and how it impacted share prices of these companies. We also tell you how to protect yourself from such risks.
Signature Global to invest Rs 400 cr in 2 affordable housing projects in Gurugram
Signature Global is mainly into development of affordable housing and has launched 12 such projects, comprising over 11,000 units, so far, under the Haryana Affordable Housing Policy. Two projects having 1,800 units have been handed over to buyers. The company has started two new projects 'Aspire' and ' Prime', which have in total about 1,450 units.
Income tax department cancels registration of six Tata Trusts
CAG noted that the I-T dept had given "tax exemptions" to them, resulting in Rs 1,066 cr escaping tax.
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.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service