Definition Of NRI As Per Direct Tax Code (DTC)

Direct Tax Code (DTC) will bring many changes in the existing tax structure of India which will impact many. Non Resident Indian’s (NRI’s) comes under the scope who will be significantly get... Read more »

IRDA : DTC Should Allow Low Cover Insurance Policies To Be Eligible For Tax Deduction

Insurance Regulatory and Development Authority (IRDA), the regulator of insurance industry of India. IRDA has requested government of India to make alteration in the provision of Direct Tax Code (DTC) which says... Read more »

Make Investment Under Tax Free Infra Bonds, Avail Tax Benefit Even After DTC

For most of us, financial year ending is the time to plan for saving income tax. People must have started investing under tax free investment schemes to avail tax deduction of Rs... Read more »

Check How DTC Will Take Away The Tax Exemptions Available Under Income Tax Act 1961 On Small Saving Funds

Government of India have recently raised the interest rates on small saving schemes to align to the other schemes available in the market. This reform have been made to maintain the interest... Read more »

Direct Tax Code (DTC) : NPS May Replace ELSS Mutual Funds As Tax Saving Investment

Did you think how are you going to avail the tax benefit after Direct Tax Code come into effect. Currently most of the people prefer to invest under tax saving ELSS mutual... Read more »

DTC : Direct Tax Code

The DTC is direct tax code, it  is said to replace the existing Income Tax Act, 1961. The Government had announced its intention to introduce a revised and simplified Income tax Bill. If... Read more »

Delhi Budget 2015-16: ‘Swaraj Budget’ Highlights

Aam Aadmi Party government, led by Arvind Kejriwal has announced Delhi Budget 2015-16 today. Deputy Chief Minister of Delhi, Manish Sisodia presented AAP government’s first budget termed as Swaraj Budget in Delhi Assembly. This budget is... Read more »

2014 Indian Budget Highlights- Income Tax Changes And Announcements

Here are all the important 2014 Indian budget highlights including income tax changes, direct and indirect tax announcements and other economic decisions announced by Finance Minister Arun Jaitley on 10th July 2014.... Read more »

National Pension System (NPS): The Best Place To Invest For Retirement

Are you thinking to invest a part of your monthly income for your retirement? If yes, then you must also be struggling to get the answer of the question that comes from... Read more »

Avoid Last Minute Tax Planning To Claim Deduction Under Section 80C?

Last 3 months of the financial year 2012-13 are left, soon most of the salaried people will start investing there funds into different financial products to claim section 80C deductions. This section... Read more »

Rajiv Gandhi Equity Saving Scheme: Benefits & Drawbacks Of RGESS Tax Saving Scheme For Retail Investors

Rajiv Gandhi Equity Scheme Scheme (RGESS), is new equity scheme announced in budget 2012 for new retail investors whose annual income is less than Rs 10 lakh and who want to invest... Read more »

Income You Get On Retirement And Tax Implication On Those Incomes

Are you going to retire soon and you going to receive some money in the form of different heads at the time of retirement and you are worry regarding the Tax implication... Read more »

Residential Status Of Ordinarily Resident, Not Ordinarily Resident & Non-Resident Of India For Income Tax Purpose

In India an assesse may earn his Income in India or in Abroad or in both, but not all of his income is included in his taxable income, India Law has set... Read more »

National Pension Scheme 2012: Invest To Avail Additional Income Tax Benefit Above Rs 1 Lakh Limit

Tax saving is an important aspect of everyone’s financial planning as it can directly impact the earning of investors. As per the income tax law 1961, individual investors can invest in tax... Read more »

Budget 2012 : Deduction Of Rs 20,000 On Tax Saving Infrastructure Bonds u/s 80CCF Not Available For FY 2012-13

Budget 2012, is quite disappointing as the overall impact of this budget is not favorable to the pockets of tax payers. Changes announced in the budget speech regarding, “tax saving limit under... Read more »