Category: Tax Planning

Latest Cost of Inflation Index March 2014 & Double indexation benefits.

Cost of Inflation Index upto FY 2013-14. (The year mentioned is financial year(FY)  The cost of inflation index is useful for income-tax assesses in the computation of tax on long-term capital gains (for indexation purposes). In the previous two years, the cost inflation index rose 10 per cent and 12.5 per cent, respectively. A cost inflation index helps reduce the […]

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What is Wealth Tax?

There may be liberty and justice for all, but there are tax breaks only for some. ~ Martin Sullivan A majority of the tax payers in India are ignorant about the wealth tax, and it’s implications. Wealth tax is a good potential annual recurring income stream for the government. However, it is perplexing why the […]

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