The importance of Permanent Account Number (PAN) card has grown over the years, and it is today an essential part of our lives. The most important purpose of allotting PAN to an entity is for the purpose of identification and to track all the related monetary information of that entity. Initially, the significance of PAN… Read More »
Photo Credits : Inha Leex HaleyIt is a good idea to categorize your payments under different headings like daily living expenses, entertainment and vacation, health etc. This will give you a fair idea of how much you spend on different categories. It is easier to keep track and also control your expenses once you know… Read More »
“India is poor because rural India is poor and Rural India is poor because the farmer living in the rural area is poor”, said Mahatma Gandhi. Before the Budget the Farming community expected financial reforms that ensure credit flow, and proper extension mechanism, fair prices for their produce and better earnings and livelihoods. The major… Read More »
There are three proposals in the union budget 2013-14 that stand out with respect to start ups and MSMEs. Encouraging Micro, small and medium enterprises to grow A well intended concession besides serving its purpose, also serves a counter interest, especially when it concerns the business and economy in general. MSMEs are given numerous… Read More »
Women were expected to be given importance in this year’s Budget, considering their increasing importance in different areas in the economy – both as homemakers and as working women. The Budget was a mixed bag for women, with some positives and some expectations not met.
What will be cheaper? Leather goods including footwear should cost lower if the manufacturers pass on the duty reduction (from 7.5% to 5%) to consumers Pre-forms precious and semi-precious stones would cost lower as a result of duty reduction from 10% to 2%. It should help women shine more J Women and to some extent… Read More »
Clarity in Tax laws, stable tax regime, and Independent judiciary is the underlying theme. Tax system should reflect best growth – Tax Reform committee to be setup to make system better. Direct Taxes Little room to raise tax levels. Prudence and Patience. NO CHANGE IN TAX SLABS Tax Credit of Rs 2000 for people in 2 Lakh to… Read More »
Financial sector to stand on strong legal and structural platform. – Standing council of experts to analyse financial sector and check transactional costs. – 12500 plus crore for capital infusion of public banks. – Financial Inclusion on course – all Regional Banks already on Core Banking System. – All public Sector banks to have ATMs… Read More »
If you choose to use the capital gains from selling your house to buy a residential property, you will not be taxed and there is no tax liability from such a sale as stated under Section 54F of the Income Tax Act. You can also be exempted from tax if the long term capital gains… Read More »
Enough cannot be said about the importance of planning your savings and understanding tax components that you can utilise to maximize your income. One of the best ways to take the time to research and plan well in advance, is to start on this exercise right in the beginning of the financial year and not… Read More »