Budget 2013 News - Page 3

SBI tax-saving FD ad trying to confuse investors?

The ad claims it is a five-year fixed deposit offering jaw-dropping high double-digit yields. But hold, before you fall for this big number, take a calculator and do the math yourself. You will be amazed to find out how deceptive the ad is.

Budget 2013: Equity flow to start-ups will create jobs

HNIs and corporates should be encouraged to invest in Category 1 AIF to seek a deduction against capital gains re-invested in AIFs, says Sunil K Goyal, YourNest Angel Fund. <br /><br />

Budget 2013: 'Give more money for my saving jar'

We contribute so much to the GDP but it is never accounted for, laments a homemaker

Budget 2013: Will FM cut tenure for FDs?

If the lock-in period of FDs, or fixed deposits, is brought down to three years at par with ELSS, it will encourage investors to opt for this saving tool.

How to get rent deduction when you don't get HRA exemption

There's another section in the Indian Income Tax Act, called Section 80 GG, which comes to your rescue.

Incentivise other investment avenues to reduce gold demand, says Mariwala

Fixing twin deficits top priority; FM unlikely to give negative shocks, says Marico boss<br /><br /> <br /><br />

A handy list of instruments with tax benefits under Section 80 C

Take a print out of this list and keep for reference even as you make your investments this tax season.

Budget 2013: A guide to how your investments are taxed

Simply put, these tax regimes show how your financial instrument is taxed at different stages. The letter 'E' denotes exempt and the letter 'T' for tax. The three letters simply show the three different stages of investments.

Don't bet on a bullish market just yet

Even while investors are expecting the markets to peak in the run-up to the budget, a few analysts are not expecting any improvement in the market post the budget since the current rally is more due to global than domestic factors

You can get up to Rs 1 lakh as tax benefits for your kid's tuition fees

You can claim tax deduction only for full time courses, at any college, school, university or educational institution in India but not for private tuition fees you pay for your child's education.

Mr C, don't mess with gold; it's HER social security

Ministers and sarkari economists have a warped sense about gold. In India, gold forms a useful social function both as social security and collateral for loans

Budget 2013: CNBC TV18 is clear winner

Shorn of spin, and with clear explanations on every single point, there's no doubt as to who the winner of the Union Budget was - CNBC TV18.

Budget 2013: Infra, housing, Bollywood have reason to cheer

Gloom is largely limited to high-end and luxury goods like expensive mobiles, SUVs, and yachts. On the whole, the FM seems to have achieved the unenviable task of delivering growth, reining inflation and mopping up resource.

Union Budget 2013: High earners bemoan 10% tax surcharge

Just 42,800 of India's 1.2 billion people will be affected by the extra take on pay above Rs 1 crore, according to the finance minister.

Budget 2013: Air India to get Rs 5,000 cr equity infusion

The turn around plan included Rs 30,000 crore equity infusion over a nine-year period starting 2012-13.

Except equity boost for AI, Budget 2013 does nothing for aviation

No roadmap, not even a mention of reducing taxes on jet fuel in the Budget means nothing much will change for the domestic aviation industry in the new fiscal.

Budget 2013: Why SUV found special mention this budget day

As of now, small cars are taxed at 12 percent excise duty whereas large cars- and that includes SUVs-are charged 27 percent duty. With today's Budget announcement, there is confusion over which cars will not attract higher duty.

Wishlist: What Corporate India wants from Budget 2013

Industry bodies Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industries tell Firstpost what their wishlist for the budget is.

All Pawan Bansal's poetry from the Railway Budget 2013 speech

The Rail budget itself has been criticised as being extremely pedestrian and sorely lacking ambition. But what Bansal lacked in measures, he made up for in poetry. Or so it seemed in any case.

Rail Budget 2013: Is the Railways Ministry jinxed?

A quick look at the fortunes of the Railway Ministers for the past 25 years show that barring Mamata Banerjee and Nitish Kumar, the political career of the others has not been all that rosy after their stint was over.

What to read if you love trains but are bored by Railway Budget 2013

For those of you who love trains but don't find much sense in listening to the Railway Minister's news and numbers speech today, here are five books about trains, railways and all its experiences that you should read.

Rail Budget 2013: Bansal to bite the bullet and hike fares again?

All attention will be, on passenger fares as Bansal had recently told reporters that the increase in diesel price following the fare hike has negated the additional revenue which Railways expected to mop up by Rs 3,300 crore.

Giving it away: Why India's rich may not rush to follow Premji

Azim Premji has signed Buffett's Giving Pledge, but there may be no rush from other Indian billionaires to join him

'Religious institutions should be allowed to invest in startups'

For capital to be made accessible to venture capital, it has to come from insurance companies, provident funds, pension funds or charitable institutions.

LIC exposure issue a matter of legal interpretation: Irda

J Hari Narayan, who will retire this week as Irda chief, said the regulator is looking at the issue on SKS Microfinance.

Transfer pricing: India gets agressive with MNCs ahead of Budget 2013

South Korea's LG Electronics Inc , Singapore property group Ascendas, French IT services firm Capgemini and chocolate maker Cadbury, are among numerous global companies involved in transfer pricing disputes in India

Absurd and unacceptable: Nokia, Shell slam Indian tax laws

This view is widely shared in corporate corridors due to the disconnect between the finance ministry's promise of a non-adversarial tax regime and the execution and implementation by the bureaucracy.

FM should rationalise taxes in upcoming Budget: Nasscom

Software and allied services' industry body Nasscom today said Finance Minister P Chidambaram should rationalise taxes in Budget.

Budget wishlist: Auto cos want lower excise on large cars

Now that the Government has reduced poor man's subsidies such as that on diesel pricing and on LPG cylinders, will it consider the industry's plea to tax the 'rich' man's cars less? Seems unlikely.

Have UPA's good intentions died with the budget?

The budget was hailed as non-populist in an election year. But maybe the populism is coming after the budget.