Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: VAT Audit :: due date for vat payment :: empanelment :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India
General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

New scheme to avail tax exemption
August, 31st 2010

The Direct Tax Bill has proposed to introduce a new investment scheme to avail tax exemption. In this scheme, an investor can invest up to Rs 50,000 in life insurance policies, health insurance and children's tuition fees.

One can also invest up to Rs 1 lakh in a year in approved securities like employees provident fund (EPF), public provident fund (PPF), pension fund and other approved securities.

At present, one can invest up to Rs 1.10 lakh in a host of instruments like EPF, PPF, pension plan, insurance, equity-linked savings schemes ( ELSS), Unit Linked Investment Plan ( ULIP) and children's tuition.

Besides this, there is a separate category of Rs 10,000 to invest in infrastructure bond and Rs 15,000 in health insurance. One can invest up to Rs 1,35,000 in various instruments.

"Though, the limit has been marginally been increased, it has now been segregated in two schemes. So the freedom to invest most of the income in one particular scheme has been curtailed now," deputy CEO and chairman of KPMG Dinesh Kanabar said.

The increase in the limit of investment from Rs 1.35 lakh to Rs 1.5 lakh will enable a big investor, having more than Rs 10 lakh annual income, to save an additional Rs 4,500. His savings will go up from Rs 40,500 to Rs 45,000.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions