How to claim deduction under section 80c on tuition fees

How to claim deduction under section 80c on tuition fees Sending kids to school has an inbuilt tax advantage for parents. This is because tuition fee qualifies for tax benefit under Section 80C of the Income-tax Act, 1961. The amount of tax benefit is within the overall limit of the section of Rs 1.5 lakh […]

Companies Amendment (Bill) 2017

Companies Amendment (Bill) 2017 Companies Amendment (Bill) 2017 was passed after incorporating certain notable amendments. The major amendments include definitions and clarification of certain terms in Section 2. Omission of provisions relating to Time limit 0f 270 days for certain filings, forward dealing and insider trading, doing away with the requirement of approval of the […]

Is long-term capital gains tax on equity coming?

Is long-term capital gains tax on equity coming? A Union Budget is approaching, and once again the issue of imposing long-term capital gains tax on equity has come up. A newspaper report earlier this week claimed that such a tax – abolished in 2005 – was actively being considered by the finance ministry. Predictably, there […]