PPF savings limit enhanced from Rs 1.1 lakh to Rs 1.5 lakh
Henry Dsouza
(Chartered Accountants Firm)
(323 Points)
Replied 10 July 2014
PPF savings limit enhanced from Rs 1.1 lakh to Rs 1.5 lakh
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
- 60 more Ayakar Sewa Kendras to be set up in the country
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
Tax announcements by FM
1. No change in direct tax rates
2. To increase personal I-T limit to Rs 2.5 lk
3. Raises tax exemption limit to Rs 3lk vs Rs 2.5lk for senior citizens
4. No change in tax laws for Hindu Undivided Families
5. Education cess to continue at 3%
6. To raise Housing interest deduction limit to Rs 2 lk
7. Raises 80C investment cap to Rs 1.5 lk
8. To raise investment allowance for investments above Rs 25 cr in units
pritesh
(Account Manager)
(22 Points)
Replied 10 July 2014
Megha Mehta
(Student CA Final )
(39 Points)
Replied 10 July 2014
Priyo
(Finance Professional)
(112 Points)
Replied 10 July 2014
Budget 2014:
FM retains tax rebate on dividend by foreign companies
FIIs' portfolio income to be treated as Capital Gains
Mandeep Pandey
(Article)
(47 Points)
Replied 10 July 2014
CA Devendra Kulkarni
(Chartered Accountant)
(39 Points)
Replied 10 July 2014
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
Priyo
(Finance Professional)
(112 Points)
Replied 10 July 2014
Budget 2014:
FM retains tax rebate on dividend by foreign companies
FIIs' portfolio income to be treated as Capital Gains
Madhu Roy
(Others)
(257 Points)
Replied 10 July 2014
New tax slabs -
Upto 2.5 lakh - NIL
Above 2.5-5 lakh - 10%
Rs 5-10 lakh - 20%
Above Rs 10 lakh - 30% ;
Sr Citizen : Above 60 (Upto 3lakh)/Above 80 (Upto Rs 5 lakh) - NIL
Shaik Hasan
(article assistant)
(36 Points)
Replied 10 July 2014
CAclubindia
