TAX SAVING OPTIONS
Digital companies scramble to save on tax as India tightens data laws
The fear for companies such as Google, Facebook, Netflix, Amazon and LinkedIn is that if the servers sit in India, it would be seen as a PE and will attract higher tax. Some are also exploring another route for tax saving. They may consider creating a separate company that would own servers and the main entity would only pay “rent” for using it.
Can I sell my small cap fund and invest the money in ELSS to save taxes?
If you have any mutual fund queries, message on ET Mutual Funds on F...
You could soon get the option to lower your EPF contribution. Should you go for it?
Financial planners say reducing contribution to the EPF w...
France rejects 'optional' US digital tax proposal
France has been at the forefront of efforts to tighten taxation of digital giants and parliament infuriated the administration of President Donald Trump in July by adopting a law taxing digital firms like Google, Apple, Facebook and Amazon for revenues earned inside the country.
Bharat Bond ETF: A tax-efficient, safe option for debt mutual fund investors
While there are many corporate debt funds in India, Bharat Bond ETF is unlike any of the previous ones.
RBI urges government to cut rates on small savings schemes
The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post office deposits, to help banks pare rates on deposits and loans and lead to a better transmission of the central bank’s rate cuts.
Wrong time to raise GST rates, cautions former GST Council member
This is the worst time to raise the rates of GST on essential commodities. This will further squeeze the spending power of large sections of people. Gowda, a US-educated lawmaker from Bengaluru. His comments came amid reports that the GST Council, chaired by the Finance Minister Nirmala Sitharaman, is considering major changes in the GST rates.
How to get duplicate PAN card online
Permanent Account Number or commonly known as PAN card is one of the important financial document. PAN is required to conduct various financial transactions such as investing in fixed deposit, mutual funds and so on.
It’s time to revisit income tax rates: Bibek Debroy, Chairman PMEAC
This year we are around 5% and next year 6-6.5%, the PMEAC chairman said about the country's GDP growth.
Bid to spur consumption: Save less, spend more is new social security mantra
New Bill gives employees option to reduce their PF contribution, resulting in higher take-home pay.
Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000
Yadalam should opt for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic salary put in the scheme is tax free.
Taxpayers need to be careful while assessing provisions in tax laws
This ordinance provided for significant tax cuts for domestic companies.
What an EU carbon border tax on steel, cement and aluminium might look like and who would be hit
The package will include a proposed "carbon border adjustment mechanism" for selected sectors to be introduced by 2021, according to a leaked Commission document, although design and feasibility details are still being worked out.
The next booster shot to revive economy may not be far away
Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.
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