February 28, 2011Now for an interesting hidden (i.e. not yet spoken about) aspect of the budget. According to the finance bill, any income distributed by debt funds to companies (or anyone other than an individual) will get hit with dividend tax of 30%. Earlier the …
Posted in Budget2011, Credit Repair, MutualFunds 
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February 28, 2011The Central Government pays 10% to the National Pension Scheme (NPS) for all its employees, with employees putting in another 10%. Even private employers may do so. Your own contribution had the exemption upto Rs. 1 lakh, an overall limit for all suc…
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February 28, 2011There’s a lot of talk about whether salaried employees will not need to file returns, because Pronob-da mentioned something in the budget speech. What he said was: The Board shall soon notify a category of salaried taxpayers who will not be require…
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February 28, 2011Minimum Alternate Tax (or MAT) will apply for SEZ developers as well. Not just the real estate players, even companies like Opto Circuits had gone into developing SEZs. The funda was that if you developed an SEZ, or if you were a unit in an SEZ, you pa…
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February 28, 2011With this budget, the FM has said a lot, but there is a lot that he has left unsaid, which are just as important. But let me cut the bullshit and get to the point: what does this mean for you? No Large Changes in Direct Taxes Every year, we come to …
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February 28, 2011What is more important in this budget is what WASN’T said, not what was. But here’s the transcript of what I wrote at the Yahoo chat through the budget. Welcome to my live chat on Budget 2011. Folks, if you have questions throw it out at htt…
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February 27, 2011Just a quick note. I’ll be speaking on the Budget 2011 Live at http://in.specials.yahoo.com/budget2011/commentary. I’ll post transcripts later. Meanwhile, go there.
This post is written by Deepak Shenoy,
at Capital Mind.
Posted in Budget2011, Credit Repair, Yahoo Comments Off
February 27, 2011My article at Yahoo: Amnestasia: A disease where you forget to pay tax on the Yahoo Budget Site. (Reproduced in full) There have been some calls for an "amnesty" scheme again. The concept is simple: people who have stashed away money and no…
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February 27, 2011My article at Yahoo: Cutting Real Estate Down To Size on their Budget Site. (Reproduced in full) In an economy that is seeing ridiculous levels of increase in real estate prices, it is strange that we continue to give it sops, sometimes to an extreme…
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February 21, 2011I write about Budgets and Stock Markets in my first piece on this Year’s budget, in Yahoo’s Special Budget Edition. (Reproduced in Full) The budget has traditionally been an important part of the financial year, with the government announcing exactly…
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