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NA BULL… NA BEAR…BANO MARKET KE SHER!

Investment In Shares Is Your Best Bet To Beat Inflation And If Rightly Handled Can Earn Big Fortunes For You! TAX LURES OF THE CAPITAL MARKET · Dividend from shares/income from units totally exempt from income tax · All investments of capital market exempt from wealth tax · LTCG on sale of equity shares/units of equity funds chargeable to STT fully exempt from income tax ·  STCG on sale of equity shares/units of...

KEEP IT IN THE FAMILY AS YOU SAVE TAX!

Payment of House Rent & Interest on Housing Loan to Family Members can prove a Win-Win Situation ! Replies to the following two readers’ queries provide an interesting insight into some imaginative tax planning. HRA Exemption for Rent Paid within Family Query: My family is living jointly with my parents in a residential bungalow owned by my father at Ahmedabad.  My company pays me, annually a Basic Salary and...

ELSS BONANZA – TAX SAVING WITH AMAZING RETURNS

Reap Healthy Returns Through Equity Investment Via Mutual Funds Coupled With Valuable Tax Saving Benefits   THE ELSS TAX BONANZA Tax Saving upto 30.9% of investment under Section 80C Tax Exempt Dividends under Section 10(35) Tax Exempt Capital Gains under Section 10(38) The provision for deduction under Section 80C of the Income-tax Act in Equity Linked Savings Scheme (ELSS) opened up a great opportunity for...

TDS SHOCK FOR SMALL INTEREST EARNERS!

Strong Protest Needed Against Harsh DTC Provision Abolishing Declarations For Non Deduction Of TDS! Manubhai Shah, a senior citizen, is earning interest on his bank deposits of Rs.2,40,000. However, since he is not liable to pay any income-tax on his total income after eligible deductions, he currently enjoys the relief of exemption from TDS by submitting the prescribed Form 15H to the respective banks making...

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