Tax Exemption
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Claim tax exemption on rent without HRA: A complete guide to Section 80GG benefits
Personal Finance | Jan 10, 2025, 07:52 PM ISTKnow how to claim tax exemptions on rent payments even if you don’t receive HRA. Under Section 80GG of the Income Tax Act, salaried and self-employed individuals can save taxes by meeting specific conditions.
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Good news for FD investors: Finance Minister likely to make major announcements in Budget
Personal Finance | Jan 04, 2025, 11:49 PM ISTThe Union Budget 2025-26 may bring good news for FD investors, with potential tax exemptions on fixed deposit income and shorter lock-in periods for tax-saving FDs. FM Nirmala Sitharaman is expected to introduce measures to boost FD investments and address banking sector liquidity challenges.
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Union Budget expected to focus on increase in limits for basic tax exemption, standard deduction
Business | Jan 30, 2022, 12:50 PM ISTThe Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalisation of tax rates and certain social security investments.
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ITAT orders withdrawal of tax exemption to Congress-controlled Young Indian
India | Nov 16, 2019, 08:40 PM ISTThe Delhi bench of the ITAT, in an order on November 15, said Young Indian's "entire move for acquiring the AJL (Associated Journals Ltd), which had stopped/suspended its publication activities and was holding large number of properties worth hundreds of crores with huge rental and lease income, was for acquiring control and interest in such properties for mere sum of Rs 50 lakh."
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Tax exemption could see India lose rights to host ICC Champions Trophy 2021
Cricket | Feb 10, 2018, 01:48 PM ISTThe ICC had released a statement saying that the board would look at possible alternatives while they simultaneously look for a breakthrough with the Indian government.
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Rahul Gandhi must apply his mind, farm income still tax exempt: Arun Jaitley
National | Nov 10, 2016, 02:36 PM ISTFinance Minister Arun Jaitley today said the Congress leader must "apply his mind" and understand that those in farming will not face any tax whether they keep their money at home or in banks.
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Expectations of middle class from Union Budget 2015
Feb 27, 2015, 01:51 PM ISTNew Delhi: Finance Minister Arun Jaitley will present his first full-year budget for 2015-16 on February 28. Everyone, including middle class and low-income group, who voted for the Narendra Modi-led NDA government, expect a lot
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Madras High Court Questions Tax Exemption To IPL
Cricket | Jun 28, 2011, 08:34 PM ISTChennai, Jun 28 : The Madras High Court today said it “could not appreciate” the tax exemption to the Indian Premier League and sought a response from Tamil Nadu government on the issue.It also directed