Donating for a social cause? Here is an alternative to Section 80G of I-T Act for superior tax breaks Donations made to institutions that have got permission to solicit such funds under Section 35AC can get you deduction of 100 per cent of your donations, whereas most charitable donations (barring a few specified funds) under Section 80G can get you a maximum deduction of 50 … [Read more...] about Donating for a social cause? Here is an alternative to Section.
Siddhivinayak Temple to accept shares as offerings, here are tax.
Siddhivinayak Temple to accept shares as offerings, here are tax implications Under the present tax laws, transfer of shares within one year of purchase with capital gains will be taxed at the short-term capital gains rate of 15 per cent. However, if the share transfer happens after a year and STT has been paid, the capital gains tax is nil. By: Sarbajeet K Sen | New Delhi | … [Read more...] about Siddhivinayak Temple to accept shares as offerings, here are tax.
Are you an active stock trader? Here’s why you should get your.
Are you an active stock trader? Here’s why you should get your tax audit done Trading in equities is becoming common among the salaried class. More and more of salaried employees are seeking to invest in stock markets to gain inflation-beating returns over the long run. Stock trading activities during the day happen in cash, derivatives and futures and options … [Read more...] about Are you an active stock trader? Here’s why you should get your.
Should you opt for ‘consultant’ status to lower tax outgo?
As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge. Sarbajeet K Sen Moneycontrol[row] [column lg="6" md="12" sm="12" xs="12" ] Are you considering shifting from an employment arrangement with your company to a ‘consultant’ status to lower your tax outgo … [Read more...] about Should you opt for ‘consultant’ status to lower tax outgo?
Got your Form 16? You should file income tax returns early to.
Tax experts say in case you have not yet got your Form 16 it is time to remind your employer since a few weeks of the new financial year has already elapsed. [row] [column lg="6" md="12" sm="12" xs="12" ] Has your employer handed over your Form 16 for income earned and tax deducted during 2016-17 for which you need to file your tax returns this fiscal? If you have it with … [Read more...] about Got your Form 16? You should file income tax returns early to.
