Tax Exemption

Budget 2023: FDI in startups needs tax exemption, says Wadhwani Foundation

With an estimated 250 unicorns by 2025 from a little over 100 now and $180 billion of total funding by CY23, India's startup ecosystem is well-positioned to leverage the availability of young talent

BS Views of the week: Economy's future, tax exemptions, old pension scheme, and more

Laid off? Seek advice before claiming tax exemption on severance pay

You can claim only if the payout is voluntary and you have documentary proof to this effect

GST rates could change to correct inverted duty, exemptions: Report

Group of ministers headed by Karnataka Chief Minister Basavaraj Bommai is working on the second round of GST rate changes, a news report said

FinMin plans to review exemption-free tax regime to make it more attractive

The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said

Tax benefit available only if death certificate mentions Covid, say experts

For exemption on Covid-19 payments, file revised return for FY 2021-22, updated return for earlier years

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

Understanding capital gains tax exemption under Section 54

Taxes are levied on earnings made from sale of residential property as well. It is known as capital gains tax. But did you know that in some cases you can save yourself from this tax? Find out how

Limit Section 54 benefit to curb money laundering

Section 54 tax exemption should not be available if the taxpayer already owns two or more properties on the date of sale of property

Want to push new exemption-less tax regimes further: Revenue Secretary

'This year we should have got Rs 60,000-80,000 crore as capital gains tax', said Tarun Bajaj

How hiccups in P-note GIFT plan could impact wide-scale adoption

Use of the instrument has been falling over time

Top headlines: Microsoft, Telangana seal deal; Budget may give tax breaks

Microsoft and the Telangana government have finalised a deal to set up a Rs 15,000-crore data centre in Hyderabad

Insurers seek hike in tax exemption for higher adoption of pure risk plans

Currently, under Section 80C of the Income Tax Act, an individual can claim a deduction of the life insurance premium paid from his/her taxable income

Tribunal sets aside I-T order denying charitable entity status to BCCI

Rejects tax authorities' argument that IPL is a money-making exercise disguised as cricket promotion

Odisha announces full tax exemption for EVs, registration fee waiver

The exemption, granted under the Odisha Motor Vehicles Taxation Act, is applicable till 2025

Centre exempts tax on expenses incurred for Covid-19 treatment

This exemption is applicable to any amount paid by the employer, and limited to Rs 10 lakh if received from any other person, the finance ministry notified

Invest in spouse or child's name to avail of exemption, say analysts

Both Sections 54 and 54F allow taxpayers to claim exemption from tax on long-term capital gains

Budget new rules on holding firms queer pitch for sovereign, pension funds

A proposed regime requiring investments through holding companies may have tax implications, say experts

Budget sops may spur up to 10% Mauritius funds to relocate to IFSC

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

Taxes, housing, and income: How does the Budget work for your money

FM offers a slew on incentives for senior citizens and affordable house buyers, apart from easing tax compliance