Tag archive for ‘tax’
tax savings
By admin On Tuesday, September 3rd, 2019
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5 Investment Options to Maximise Your Tax Savings

Given a choice, we would never want to pay taxes on our earned income. As citizens of India; however, we are also consumers of the public facilities and infrastructure in the country, and the tax we pay serves as More...

Deadline for filing Income Tax Returns extended by one month
By Paul Linus On Tuesday, July 23rd, 2019
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Deadline for filing Income Tax Returns extended by one month

The July 31 deadline has been extended by one month for taxpayers for filing Income Tax Returns. According to the Central Board of Direct Taxes (CBDT) the ITR-1 form is now simplified and salaried employees can More...

Union Budget 2019 highlights
By Paul Linus On Friday, July 5th, 2019
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Union Budget 2019 highlights

Special additional excise duty has been proposed by Rs 1/litre on petrol and diesel for road and infrastructure cess. Rs 20 coin will soon be released with new features. New coins of other denominations of Rs 1, More...

Budget 2019: Tax-free on income up to Rs 2.5L, 5% on up to Rs 5L
By Paul Linus On Friday, July 5th, 2019
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Budget 2019: Tax-free on income up to Rs 2.5L, 5% on up to Rs 5L

Finance Minister Nirmala Sitharaman said in her debut Union Budget presentation in Lok Sabha that those individuals who are into the highest income bracket are supposed to contribute more into nation-building. She More...

Nirmala Sitharaman 2019-20 Bbudget
By Paul Linus On Tuesday, July 2nd, 2019
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Nirmala Sitharaman may increase income tax relief in 2019-20 Bbudget

India is going through lack of jobs phase and this is hurting people like never before. Amid such phenomenon, the country is keeping an eye on another Union Budget, which is to be presented by finance minister Nirmala More...

gst
By Paul Linus On Sunday, June 30th, 2019
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GST 2.0 to knock doors of big businesses in October

The GST 2.0 is learned to be rolled out later this year in October and initially it will only affect the big business houses. For the smaller businessmen, the updated version would go into effect from January 2020. From More...

GST Council to kick start phase II of implementation
By Paul Linus On Saturday, June 29th, 2019
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GST Council to kick start phase II of implementation

The initial hiccups of GST seem to have settled down by now and this is the right time for Finance Minister to kick start phase II of it. It is learned the new phase may take up some unfinished reforms, agenda, More...

Interim Budget 2019
By Paul Linus On Friday, February 1st, 2019
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No tax for income up to Rs 5 lakh: Interim Budget 2019

Finance Minister Piyush Goyal presented the Interim Budget on Friday terming it as “A Budget for everyone.” A tax rebate for individual taxpayers earning up to Rs 5 lakh was announced but with a catch. More...

Why Petrol, Diesel Prices Could Not Come Down Immediately
By Paul Linus On Monday, September 10th, 2018
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Why Petrol, Diesel Prices Could Not Come Down Immediately

The Narendra Modi government has ruled out any reduction in the retail prices of petrol and diesel in the country even after a wide protest by opposition on Monday calling ‘Bharat Bandh’ across India. It was More...

How To Save Tax By Gifting Within Family
By Paul Linus On Sunday, December 31st, 2017
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How To Save Tax By Gifting Within Family

By means of legal transferring the income as gift to their own family members, taxpayers can enjoy the tax exemption limit. If the income of a family is generated by single person, then the tax liability on the More...