Can these deductions make you tax free?
Different sections under the Income-Tax Act correspond to different savings or expenses, some of which are eligible for tax deductions and could be a great way to show that you are actually out of the taxable bracket. Here are 8 such deductions.
Patna now has a unique air ambulance kiosk
An air ambulance is a small plane loaded with specialised equipment, medication and a trained team...
Budget 2020 should hike tax breaks for house property income to boost realty: EY
Providing tax incentives on house property income would stim...
Buy Bharat Electronics, price target Rs 115: Kunal Bothra
The analyst suggested a stoploss at Rs 102.
Demolition of Maradu flats in Kochi turns spotlight on controlled explosion
The Kochi demolitions have brought to the fore controlled implosion, a method that has been used to raze buildings in the West for decades but is still relatively uncommon in India, thanks to lack of expertise and the availability of cheap labour for alternative methods.
Start work or pay Rs 1 crore fine a day, H-Rera tells Greenopolis builders
The Haryana Real Estate Appellate Tribunal had earlier rejected developers’ plea to stay the order passed by H-Rera in January last year, where H-Rera imposed a penalty on the developers and attached 10 acres of their land for not completing the project on time.
Builder blames delayed rent by India for missed debt payment
Peninsula used its own resources to pay the loan and “regularized” the account, the company said.
Central Vista makeover: North, South Blocks likely to reflect India's pre and post-1857 history
At present, the South Block houses the Prime Minister's Office, Ministry of Defence and Ministry of External Affairs, while the North Block has offices of Home Ministry and Finance Ministry.
Louis Vuitton to shut Hong Kong store due to heavy rent, estimated around $642K per month
The high-end Times Square mall is often targeted by democracy protesters.
Centre to set up panel to examine issues on royalty rates for major minerals
The Centre has decided to set up an 11-member panel including mines secretaries from various states, to examine issues pertaining to the revision of rates of royalty for minerals.
Two-wheeler rental startup eBikeGO plan pre-series funding to expand fleet
The company's founder believes that economical cost of delivering at 20 paise per kilometer with a loading capacity of 150 kg, offers great value to the users, over conventional bikes. The eBikeGO bikes delivers a top speed of 55 km/hr and it can run upto 100 kms per charge.
How Social Security Code 2019 will impact employees' gratuity, protect their EPF dues
The code provides for a uniform definition of "wages" across all legislations covered. This is aligned with the definition provided under the "Code on Wages" and proposed amendments to PF. Here's how specific provisions could benefit employees.
Lokpal to move out of Rs 50 lakh per month rented five-star accommodation to permanent address
A senior Personnel Ministry official said the Lokpal is likely to move out of its five star hotel temporary office at The Ashok Hotel in Chanakyapuri by this month. "Total monthly rent is around Rs 50 lakh and Rs 3,85,09,354 has been paid from March 22, 2019 to October 31, 2019 for rent," the Lokpal of India said in response to an RTI application.
Varde Partners acquires Wadala office building from Lodha
Built in 2018, the said office building has over 827,000 sq ft of office space spread over 29 floors and forms part of a 22-acre mixed-use development. The project’s anchor tenants include Tata International, GMM Pfaudler and Axis Bank. The five floors in this building purchased by Tata Group in 2019 will continue to be owned by Tata, the investment firm said in a release.
Tax optimiser: Home loan, NPS, medical cover can cut tax by Rs 77,000 for Sinha
For the home loan taken, the interest paid to the bank can be claimed as a deduction for a maximum of Rs 2 lakh under section 24. Further, the principal component also offers tax benefit under section 80C.
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