Tax Savers-Personal Finance-The Economic Times

MCD moots congestion tax, hike in parking rates

Thu, 08 Dec 2011 05:30:33 GMT

The Municipal Corporation of Delhi (MCD) has introduced a slew of new taxes, including a congestion tax.

MCD budget proposes increased property tax, congestion charges

Wed, 07 Dec 2011 17:17:21 GMT

Delhiites may have to shell out more money as tax under several heads with the Municipal Corporation of Delhi today proposing an increase in property tax and introduction of congestion charges at crowded places.

CAG exposes BBMP's property tax & cash management deficiencies

Wed, 07 Dec 2011 11:15:08 GMT

Instances of incorrect declaration of properties and their usage pattern led to short payment of property tax of Rs 207.35 crore, said CAG.

Floating a trust may help you earn goodwill & get tax benefits too

Mon, 05 Dec 2011 21:15:08 GMT

After the formation of a charitable trust, first and foremost, it needs to obtain registration from the income tax commissioner.

CBEC sure of meeting indirect tax collection target of over Rs 4 lakh crore

Mon, 05 Dec 2011 12:50:48 GMT

The government today said it is confident of achieving indirect tax collection target of over Rs 4 lakh crore for the current fiscal

Paper work: Paying tax online

Mon, 05 Dec 2011 02:31:02 GMT

To use this service, the taxpayer’s bank should be one of those authorised to provide the facility and he should have registered for Net banking.

‘Foreign healthcare services companies not liable for tax’

Thu, 01 Dec 2011 01:27:57 GMT

The particular case was related to payments made by Max India and Wockhardt Hospital to US-based Harward Medical International.

Want to invest in infrastructure bonds? Do it now, don't wait for better yields

Wed, 30 Nov 2011 20:21:38 GMT

Infrastructure bonds are one of the investment options to save tax. Investments of up to Rs 20,000 in such bonds qualify for tax exclusion.

Sanofi's Shantha buyout to attract cap gains tax

Tue, 29 Nov 2011 20:26:59 GMT

French company Merieux Alliance (MA) held majority stake in Shantha through a subsidiary, ShanH, incorporated outside India.

Union KBC Mutual Fund launched Union KBC Taxsaver

Tue, 29 Nov 2011 00:27:47 GMT

Union KBC Mutual Fund has launched the Union KBC Taxsaver, an equitylinked savings scheme.

Tax reimbursement likely for filmmakers shooting in India

Sat, 26 Nov 2011 11:13:12 GMT

In a move that will bring cheers to filmmakers from across the country and abroad, Union Tourism Minister Subodh Kant Sahay today said here that the government is considering tax reimbursement to those who shoot their movies in Indian locations.

I-T Dept taking punitive steps to check black money menace: FM

Wed, 23 Nov 2011 11:29:42 GMT

Finance Minister Pranab Mukherjee said the Income Tax Department has taken several punitive and deterrent measures to tackle the problem.

Can't link benefits of I-T deductions to direct employment: HC

Tue, 22 Nov 2011 20:54:24 GMT

The court dismissed the plea of revenue which said the benefits of deduction under the income-tax law cannot be extended to the assessee employing the stipulated number of the workers through the agency or contractors.

IDFC to issue tax saving bonds

Tue, 22 Nov 2011 10:02:58 GMT

IDFC would issue tax-saving long term infrastructure bonds to raise money from the market to fund infrastructure projects.

Query Corner: Taxation

Mon, 21 Nov 2011 22:16:02 GMT

One can avoid paying long-term capital gains tax arising from a sale of land in one or more of the following ways:

Do you need to pay tax on receiving a gift?

Mon, 21 Nov 2011 02:30:00 GMT

If value of the gifts received by you during a year is above Rs 50K, you will have to pay tax on it. However, there are few exceptions to this rule.

ELSS is still the best bet to save tax despite higher rates on NSC, PPF

Mon, 21 Nov 2011 00:55:50 GMT

As we approach the annual taxsaving investment season, the landscape of available avenues has changed decisively.

Revised CBEC draft cuts tax exempted services to 22

Sat, 19 Nov 2011 01:30:14 GMT

The government's indirect taxes body has released a revised concept paper on taxation of services on the basis of a negative list.

RMC first civc body in Gujarat to collect property taxes via mobile

Fri, 18 Nov 2011 07:37:37 GMT

Rajkot Municipal Corporation (RMC) is all set to become the first civic body in Gujarat to introduce property tax collection through mobile phones.

Authority for Advance Ruling orders capital gains exemption for Ardex Investment

Wed, 16 Nov 2011 21:15:22 GMT

An appellate tax tribunal has ordered capital gains tax exemption for a Mauritius company which wanted to sell stake in an Indian company to another overseas firm.

Q&A: Taxation

Tue, 15 Nov 2011 01:27:44 GMT

The amount of deduction will be lower of the amount of capital gains and the amount invested in the bonds within the six-month period.

Avoid pitfalls in your hurry to save tax

Tue, 15 Nov 2011 00:57:12 GMT

In their last-minute scramble to save tax, many investors end up putting money in avenues that do not suit their needs

Indirect tax collection up 7.9%

Fri, 11 Nov 2011 23:56:28 GMT

The rise in indirect tax kitty has allayed concerns that had arisen from the sharp drop in excise collections in September.

IT Commission settles cases worth Rs 595 crore in 2010-11

Fri, 11 Nov 2011 19:16:39 GMT

The Commission has settled over 15,000 tax disputes since it came into existence in 1976.

RBI, 926 branches of banks to accept advance income tax

Thu, 10 Nov 2011 07:20:53 GMT

RBI and 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai to give tax payers relief from long queues.