Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap
For those with taxable income of Rs 2-5 crore, the surcharge stands increased from 15% to 25%, which means an effective tax rate of 39% as opposed to 35.9%.
Allotment letter adequate proof of investment in flat: ITAT
This decision is important as a taxpayer is entitled to a deduction from long ter...
Banks likely to put up a good show in Q3; NBFCs may remain a drag
Among banks, corporate lenders will be in the limelight on the back of stro...
Broad-based market recovery key theme for 2020: Mahesh Patil
The cyclical recovery in the economy will prop-up earnings next year, says Patil.
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 should also invest in the scheme on your own. You can reduce your tax outgo significantly.
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.
Digital companies scramble to save on tax as India tightens data laws
The fear for companies such as Google, Facebook, Netflix, Amazon and LinkedIn is that if the servers sit in India, it would be seen as a PE and will attract higher tax. Some are also exploring another route for tax saving. They may consider creating a separate company that would own servers and the main entity would only pay “rent” for using it.
Effective tax outgo falls by 28% for biggies, by 13% for smaller firms
Analysts say the tax cuts triggered huge short covering in top stocks.
In the new year 2020, do not make these 8 investment mistakes
A stock market bloodbath is enough to deter the most seasoned of investors.
Bharat Bond may be good for savvy investors
The ETF - the first such product in the country - will invest only in AAA-rated bonds of public sector companies.
FPIs’ tax outgo on bonds may go down by 2-7% on surcharge rollback
Wealthy investors continue paying higher surcharge on gains made from derivative and bond market trades.
Dishman Carbogen target price goes up by 100% post I-T raids
Nirmal Bang has a ‘Buy’ call on Dishman Carbogen with a target price of Rs 185. Dishman Carbogen Amcis on Thursday said Income Tax Department has conducted a search at its offices and manufacturing sites and the search operation was concluded on December 25.
Citigroup maintains buy on Gateway Distriparks, target price Rs 174
Gateway Distriparks has entered into a share purchase agreement to sell its entire stake of 40.25% in Snowman Logistics for Rs 296 crore.
Tax optimiser: NPS and perks can help Sinha reduce his tax outgo by Rs 40,000
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
Govt panel favours 2 GST slabs, rate rejig for some items
The panel suggested two slabs of 10% and 20%. Alternatively, some goods could be moved from the 18% slab back to 28%, the panel said in a presentation to Bihar deputy CM Sushil Modi in Bengaluru on Monday. The GST Council had, at its recent meeting, asked Modi to look into revenue augmentation measures.
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