Page 613 - Personal Finance
Jaitley taxes rich, gives to the poor
Introduces a new surcharge of 10% for incomes above Rs 50 lakh to Rs 1 crore
 "Jaitley taxes rich, gives to the poor")
Now, file tax returns on time or pay a fee
Unnecessary queries and delays in refund likely to reduce
 "Now, file tax returns on time or pay a fee")
Tax incidence on Capital gains set to fall
Change of base year for Cost Inflation Index will increase the market value of a house
 "Tax incidence on Capital gains set to fall")
Taxing times for the rich
Taxpayers with income of Rs 1 crore and more, currently, pay a surcharge of 15%
 "Taxing times for the rich")
Devangshu Datta: Music in stock market
However, domestic consumption will determine the success or failure of the Budget
Tax: Be diligent in depositing TDS on rent
If you live in rented apartment and pay Rs 50k or more a month, deducting TDS has become obligatory
 "Tax: Be diligent in depositing TDS on rent")
Family trusts will need to pay tax on dividend income
This move would impact the estate planning of the company promoters, say tax experts
 "Family trusts will need to pay tax on dividend income")
Your Money: Learn how you can avoid the 10% surcharge
If income is marginally above Rs 50 lakh, you can avoid the surcharge through careful tax planning
Your money: Avoid knee-jerk responses to Budget proposals
Analyse the impact of proposals on your investment portfolio and make adjustments in days to come
 "Your money: Avoid knee-jerk responses to Budget proposals")
Your money: Disease-specific covers suited for high-risk patients
Such policies cover early stage ailments, too, unlike a comprehensive critical illness plan
 "Your money: Disease-specific covers suited for high-risk patients")
Budget bets seldom work
Investing in stocks or index pre- or post-Budget for quick gains can stump even seasoned investors
 "Budget bets seldom work")
Devangshu Datta: Focus on fiscal deficit
Historically, markets often respond negatively to Budgets after being over-optimistic in the run-up
Compare exchange rate, costs before sending funds abroad
There are several RBI-licenced money changers who offer remittance facilities that you can consider
 "Compare exchange rate, costs before sending funds abroad")
How expensive is your fund house?
Keeping an eye on expense ratio is important because money saved is money earned
 "How expensive is your fund house?")
Your money: Diligent paperwork helps in claiming tax benefits
Any lapse in documentation by an employee will lead to sharp cuts in salary
 "Your money: Diligent paperwork helps in claiming tax benefits")
Your money: Retirement schemes for low-risk investors
The three-year and five-year returns are 20.97 and 15.47 per cent annually
 "Your money: Retirement schemes for low-risk investors")
Budget may untie tax knot for consumers, investors
After the pain of demonetisation, experts believe that there will be some benefits and doles
 "Budget may untie tax knot for consumers, investors")
Your money: Check costs, model before investing through direct MF platforms
Moneyfront.in is a robo advisory platform that offers live feeds
 "Your money: Check costs, model before investing through direct MF platforms")
Jehangir B Gai: Don't restrict case to Railway Tribunal
The Railways stated that they had agreed to bear the entire medical expenses
 "Jehangir B Gai: Don't restrict case to Railway Tribunal")
Readers' corner: Taxation
Kuldip Kumar, partner and leader (personal tax), PwC India, answers your questions
 "Readers' corner: Taxation")