Personal Loan

NRI home buyer gets a relief from paying income tax on imposed income of Rs 40.45 lakh, due to delayed registry [ad_1] The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment of stamp value related to the purchase of a flat in Mumbai, where ...

FD investors: Final call to book fixed deposits at high interest rates? All eyes on RBI MPC on February 8, 2024 [ad_1] A better-than-expected economic performance despite pressures in some segments of the economy has given the Reserve Bank of India one less reason to worry as it meets this week to review its monetary policy. Shaktikanta Das, Governor of ...

Widows of accident victim & vehicle owner get relief from Supreme Court, motor insurer to pay Rs 13.7 lakh [ad_1] The Supreme Court has ordered IFFCO Tokio General Insurance Co. Ltd to pay a compensation of Rs 13.7 lakh with interest to the family of an individual who died in a road accident in May 2010. The compensation was part ...

Though no change in interim budget, full budget should ease these pain points of investors [ad_1] Once upon a time, a good budget was one that did a lot of things. Now, a good budget is one that does as little as possible, and I mean that as a change for the good rather than the worse. Union Budgets used ...

Budget 2024 highlights: Key income tax, personal finance announcements [ad_1] Union Finance Minister Nirmala Sitharaman presented the interim Budget 2024 on Thursday, February 1, 2024. This is not a full Budget, but only a vote on account. Even though this is an interim budget, there were great expectations from the FM. Let us take a look at the most important ...

Older petty tax demands to be waived [ad_1] The government has extended an olive branch to taxpayers who are still dealing with petty tax demands related to previous years. It has proposed to withdraw all direct tax demands up to Rs.25,000 pertaining to any year until 2009-10 and up to Rs. 10,000 for the years 2010-11 to 2014-15. This is ...

Daughter wins health insurance claim fight against LIC after 8 years, to get Rs 1.6 lakh as against Rs 17,100 paid by the insurer [ad_1] The Life Insurance Corporation of India (LIC) was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1,60,812 after an 8-year-long battle with a ‘Jeevan Arogya’ insurance policy holder. LIC Jeevan Arogya ...

Budget 2024 expectations: 15 expectations of individual taxpayers this Budget [ad_1] Finance Minister Nirmala Sitharaman is scheduled to announce the Interim Budget 2024 on February 1, 2024. Different sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regarding income tax. 1 Simplify capital gains taxation As ...

Budget 2024 could expand AIS to include 6 more incomes of individuals [ad_1] The government introduced the Annual Information Statement (AIS) in Budget 2021. The objective is to make it easier for individual taxpayers to check their financial information at one place and match it with what they are filling in their income tax return. The statement gives an overall ...

Simplify these procedures for individual income tax payers in Interim Budget 2024: CII – Interim Budget 2024 [ad_1] The suggested categories of payments could be as follows:Salary: TDS rate at Normal slab ratesLotteries and horse race winnings: TDS rate at 30%All other payments: TDS rate at 2% The suggested “negative list” of payments may illustratively include the following:1. Payments to ...