Subhash Lakhotia

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FM to raise I-T exemption to Rs 2 lakh?

Tax experts are hopeful Finance Minister Pranab Mukherjee will increase the income tax exemption limit to Rs 2 lakh (Rs 200,000) per annum from Rs 1.6 lakh (Rs 160,000) to bring the rates in line......

Planning to buy a house? A MUST read

Thinking of buying your dream home? There aretwo great tax exemptions available for people doing so. Read on ... Tax exemption number 1: Exemption of long-term capital gains from a residential......

Beware: Taxman is watching your big spends

The income tax department has made it mandatory for specified "persons" such as banks, mutual funds, companies and financial institutions to file Annual Information Returns (AIR) in respect of big......

I-T department taxes you in 8 new ways!

The Government of India introduced new tax forms on May 16. Eight new Income Tax returns now replace the old Saral forms. Of these, four are for individuals and Hindu Undivided Families (HUFs),......

When tax forms get taxing

The Lok Sabha has passed the Finance Bill. The basic income tax exemption limit for the current Financial Year 2007-08 for individuals is Rs 110,000, says tax expert Subhash Lakhotia. For women, it......

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Subhash Lakhotia

News for Subhash Lakhotia

FM to raise I-T exemption to Rs 2 lakh?

Planning to buy a house? A MUST read

Beware: Taxman is watching your big spends

I-T department taxes you in 8 new ways!

When tax forms get taxing

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