Tag Archives: Income

Invest in debt funds for at least 3 years for income tax benefit

consider at least a three-year time frame for getting better post-tax returns from your debt fund investments. Photo: iStock MORE FROM MONEY » Once-Iffy US-focused pot stocks are becoming investor darlings Axis Bank m-cap erodes by ₹4,709 crore after Q1 results India’s Q1 fiscal deficit at 68.7% of 2018-19 target Can standardisation of exclusions in health insurance policies help customers? ... Read More »

ITR filing AY2018-19: Check your income from other sources

Here are the sources of income chargeable to tax and details of income from other sources and tax exemptions allowed under them. Graphic: Mint The income tax return filing due date for assessment year 2018-19 is less than a week away, and if you haven’t already filed your ITR, you better hurry. Kartikey Kulshrestha, 23, a Delhi-based lawyer, who is ... Read More »

Morneau’s small business tax changes promise simpler rules for income sprinkling

Federal Finance Minister Bill Morneau on Wednesday released new rules to clarify how family members will be treated under tax changes for small businesses. (Fred Chartrand/Canadian Press) The federal government has unveiled its new proposal to curb “income sprinkling” by some small business owners to family members, with substantive changes to a much-criticized initial proposal unveiled in the summer. But ... Read More »

Income Tax Scare For Startups For Issuing Preference Shares At A Premium Over Fair Market Value; Tax Experts Also Under Scanner For Valuation Of Startups

In a tax scare for startups, the Income Tax department has sent notices to startups and unlisted subsidiaries of some major Indian companies and multinationals for raising funds through preference shares in excess of what it considers the fair market value. The department has sent notices to about 200 entities under Section 56(2)(vii)(b) of the Income Tax Act, 1961, in ... Read More »

DLF quarterly profit down 58% at Rs 109 crore, income up 9% at Rs 2,211 crore

India’s largest realty firm DLF today reported 58% decline in consolidated net profit at Rs 109.01 crore for the quarter ended June. Its net profit stood at Rs 261.85 crore in the year-ago period, the company said in a regulatory filing. Total income, however, rose by 9% to Rs 2,211.24 crore in the first quarter of this fiscal from Rs ... Read More »

SBI Cards Sees Business Opportunity In Low Income Category

New Delhi: To tap opportunities arising out of limited cash supply following demonetisation, SBI Cards will soon launch credit cards aimed at the lower income group who have the capacity to pay but don’t have cards, besides quickening card delivery period to 2-3 days. “From the issuer side, what we can do is acquire more people and acquire faster. Another ... Read More »

iPhone 6 Infringes on Patent, Says Beijing, Orders Halt of income in metropolis

Apple violated the design patents of a chinese language tool maker and might have to halt sales of its modern-day iPhones in Beijing, the city’s intellectual assets authority dominated, handing america corporation its today’s setback in a pivotal marketplace. The iPhone 6 and iPhone 6 Plus infringe on Shenzhen Baili’s patent rights due to similarities to its 100C phone, the ... Read More »

Micromax’s Yu Shuffles control to strengthen Offline income community

Micromax subsidiary Yu Wednesday said it has made 3 senior level appointments as a part of its efforts to reinforce offline sales network. The company has appointed Bharat Singh Malik as vp of service while Deepak Dahiya will take over as Head of income (South and West place). Chandra Kishore has been appointed as Head of sales – North and ... Read More »

international Smartphones income keep to sluggish, India Has maximum increase capacity: Gartner

international smartphone sales will retain to gradual down and could no longer grow in double digits, a new file has stated. but India still has the very best boom potential. income internationally are predicted to develop seven percent in 2016, to reach 1.five billion units, according to the record from market studies company Gartner. The expected boom in 2016 is ... Read More »

Apple in all likelihood to see First Ever iPhone income Decline in 2016: IDC

the global phone marketplace is sputtering in 2016, with Apple probable to peer its first “down” 12 months for the iPhone, a research file stated Wednesday. research company IDC said global smartphone income will in all likelihood growth just 3.1 percentage to at least one.48 billion units, after 10.5 percent growth ultimate yr. IDC said it expects “low unmarried digit ... Read More »