“Long Term Capital Gains on Equities will now be taxed at 10%.” This is the major news that is now making headlines across all media platforms. Thanks to the latest proposal made in Budget 2018-19. So, henceforth an investor of Stocks or Equity mutual funds has to pay 10% as taxes on Long Term Capital […]
Tax Planning
Income Tax Slab Rates for FY 2018-19 / AY 2019-20 (Budget 2018-19)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2018-19 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2018-19 or AY 2019 -20. Kindly note that there has been no changes made to personal Income tax structure. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates FY […]
EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
Each and every investment you make has to go through three different stages i.e., i) Investment / Contribution stage, ii) Income Earning Stage & iii) Withdrawal or redemption stage. In each stage the investments/earnings can either be Taxed (T) or Exempted (E) from the taxes. Same is the case with your contributions to EPF (Employees Provident Fund) Scheme. The deductions towards EPF (Employee share) are eligible for tax deduction under section […]
GST & its impact on Diesel and Petrol prices!
India imports a major part (around 70%) of its crude oil requirement. The import bill was around Rs 4,70,000 crore for the Financial year 2016-17. The average price of Indian basket of crude in 2015-16 was $ 46.17/barrel, the lowest since 2004-05. (1 barrel of crude = 159 liters ) Decline in crude oil prices helps the government manage its finances […]
Important Dates & Deadlines for Aadhaar linking with PAN, Mutual Funds, Insurance Policies & Mobile SIM
Aadhaar card has become a hot topic of discussion in India. Government of India is linking each and every aspect of life to Aadhaar, be it your PAN, Bank account, EPF UAN, Mutual Fund Folios, Demat Account, Insurance Policies, Mobile Number, Govt Subsidies (like LPG), Death Certificate etc., Aadhaar is a 12 digit unique identification […]
Benami Properties – Definition, Exceptions & Penalties | Linking Aadhaar to Property documents, a good solution?
Black money, Demonetization, Benami, Aadhaar etc., are few of the most searched words on internet these days. After the surgical strike on black money through demonetization in November 2016 , the govt has made it intentions very clear and has warned benami property holders that their next step would be against them. Of-late, you must […]
