capital gains

Calculating Advance Tax installment one should pay

19 oct 2008

Every individual investor who has a tax liability of Rs5000 and above is liable to pay installment of advance tax. Here is a check list of the points one should consider while paying the amount, inorder to avoid interest penalty.

What happens next after Bajaj Auto demerger?

16 apr 2008

What happens next after Bajaj Auto demerger?
Post demerger of Reliance industries Ltd., the next demerger to happen in Indian corporate is the demerger of Bajaj Auto Ltd (BAL). The record date fixed for demerger was March 25, 2008 as a consequence of which shareholders of the Bajaj Auto will receive shares of the three demerged new companies in the ratio of one share each for every one share held in Bajaj Auto.

Long term capital gains may lose tax exemption

07 aug 2007

Long term capital gains may lose tax exemption
The IT department is on a keen drive to increase tax collections and curb black economy. As per reports, a proposal is under consideration whereby tax exemption on long term capital gain would only be restricted to investments made in shares of companies constituting the BSE-500 index.

Filing Income Tax return – check out the new forms

06 jun 2007

Filing Income Tax return – check out the new forms
“Today it takes more brains and effort to make out the income tax form than it does to make the income.” This quote by Alfred E. Neuman aptly describes the plight of assessee on the recently introduced income tax return forms under the series ITR by the government.