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Budget 2014

Housing loan tax savings

Budgetary benefits for Individual Home Loan Borrowers

Buying a home is the most common investment option in the current scenario. In addition to garnering higher profits, through home loan route, it also empowers individuals with successful tax savings. Thus, banks are not just targeting the individuals who do not have adequate resources, but for generic public who doesn’t need them and are […]

Yadunandan Batchu

Finance (No. 2) Bill 2014: Amendments in Real Estate (Part I)

The Finance (2) Bill 2014 contains may of amendments to the Income-tax Act, 1961 specially with reference to the Real Estate Sector. The Finance Minister has proposed hundred new cities and urban development through the concept of Public Private Partnership. It is expected that this type of announcement by the Finance Minister will make a […]

nikunj.j

Budget 2014: Important amendments to remember (Part II)

This is the second part of the article highlighting major amendments that will impact the tax-payers directly. TDS on Life Insurance Policy A new section 194DA is proposed to be inserted in the Income-tax Act whereby TDS at the rate of 2 per cent is to be deducted at source in respect of the amount […]

nikunj.j

Budget 2014: Important amendments to remember (Part I)

The Union Budget 2014 announced a slew of reforms related to income tax. In this article, I have tried to highlight some major amendments that will impact the tax-payers directly. Amendments in Capital Gain Bonds The existing provision contained in section 54EC of the Income-tax Act provides that where the Capital Gains arises from the […]

nikunj.j

Budget 2014: Special Economic Zone woes come to an end

Expressing its commitment to help the special economic zones bounce back, the Modi government in its union budget 2014 has ensured to take proactive steps to make them instruments of economic growth, industrial production, export promotion and employment generation. To bring to pass this, the government will take crucial steps to operationalize SEZs and inject […]

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