Showing posts with label india. Show all posts
Showing posts with label india. Show all posts

07 February 2018

Long Term Capital Gains Tax On Equity: 10 points


1. Long term capital gains mean gains arising from the transfer of long-term capital asset. The Finance Bill, 2018 proposes to provide for a new long-term capital gains tax regime for the following assets: Equity Shares in a company listed on a recognized stock exchange; Unit of an equity oriented fund; and Unit of a business trust. The proposed tax applies to the above assets, if the assets are held for a minimum period of twelve months from the date of acquisition; and the Securities Transaction Tax (STT) is paid at the time of transfer. However, in the case of equity shares acquired after 1.10.2004, STT is required to be paid even at the time of acquisition (subject to notified exemptions).

10 November 2017

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06 October 2017

Devalue rupee or provide stimulus:

The government has limited fiscal space due to a variety of factors like uncertainty on the quantum of indirect tax collections in the wake of massive supply chain disruptions and changeover to a new system in the wake of GST roll-out, which nearly halves the dividends from RBI versus last financial year.

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Ajay Bodke
Prabhudas Lilladher Pvt. Ltd

28 September 2017

Why small businessmen in Gujarat are quitting industry

Two major trends are playing out in Gujarat’s economy.
On one hand, small industrial units are shutting down. This is not a recent development. Micro, small and medium units in the state started getting into trouble about five years ago, well before the central government demonetised high-value currency notes in November and introduced the Goods and Services Tax in July. As Scroll.in reported from Surat, several factors were at work – rising imports from China, the entry of bigger players with greater economies of scale, and government policies such as import duties that favoured bigger companies over smaller ones.
For Full Article :  SCROLL

21 September 2017

Happy Navratri 2017




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25 April 2017

Petrol Price and Taxes In india





  • The cost of petrol in Mumbai is Rs 77.50 per litre owing to a raft of duties and cess.
  • Consumers pay Rs 47.96 per litre in taxes and duties over and above the price at which it lands in the market.

SOURCE : TIMES

13 April 2017

Income Tax Slab Rates For FY 2017-18



Income Tax Slab Rates for FY 2017-18 (AY 2018-19) 
  
Part I: Income tax slab for individual tax payers & HUF below 60 years 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income from ₹ 2,50,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹ 1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part II: Income tax slab for individual tax payers & HUF 60 yrs to 80 yrs 
  
Income SlabTax Rate
Income up to ₹ 3,00,000No Tax
Income from ₹ 3,00,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part III: Income tax slab for super senior citizens (80 years +) 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income up to ₹ 5,00,000No Tax
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
*Income up to ₹ 5,00,000 is exempt from tax if you are more than 80 years old. 

For More Information on tax slab and detail kindly Visit https://incometaxindiaefiling.gov.in/

07 December 2016

Save Tax under section 80C in india


Various option are available to save tax under 80 C .


aarpamoney savetax

Under Section 80C a deduction of Rs 1,50,000 can be claimed from your total income .
This deduction is allowed to an individual or a HUF who files Return .

Few Investment Options to save tax 

  • ELSS
  • PPF
  • TAX Saving FD's
  • Life Insurance 
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