UNION BUDGET 2013-14 : SCOPE FOR REAL ESTATE DEVELOPMENT..!

by Dr.K.R.THOOYAVAN, Our Building and Construction T he Tenth Five Year Plan (2002-2007) recorded the highest average GDP growth rate of 7.6% expected to grow at 9.3% in the first year of XI plan (2007-2012), but not happened. The period of 2008 onwards the economy moved very …

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Financial Year 2013-14: Capital Gains..!

Transaction Short-term capital gains (a) Long-term capital gains (a) Sale transactions of equity shares/ unit of an equity  oriented fund which attract STT 15% Nil Sale transaction other than mentioned above: Transaction Short-term capital gains (a) Long-term capital gains (a) …

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Financial Year 2013-14: Special Rates for Non-Resident Indians..!

The following incomes in the case of non-resident Indians (NRIs) are taxed at special rates on gross basis:                    Transaction Rate (a) Dividend (b) 20 % Interest received on loans given in foreign currency to Indian concern or Government of India. 20 % Income recei…

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Financial Year 2013-14: Securities Transaction Tax (STT)

STT -  Securities Transaction Tax  -  is levied on the value of taxable securities transactions as under. Transaction Rates Payable By Purchase/ Sale of equity shares Purchaser/ Seller Purchase of units of equity oriented mutual fund (delivery based) @@ Nil Purchaser Sale of units…

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Financial Year 2013-14: Income Tax Rates..!

For Individuals, Hindu Undivided Family, Association of Persons, Body of Individuals & Artificial juridical persons..! Total Income                          Tax Rates Up to Rs. 200,000 (a) (b)              NIL Rs. 200,001 to Rs. 500,000 (e)      10 % Rs. 500,001 to Rs. 1,00…

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Financial Year 2013-14: Capital Gains Tax On MF Investment..!

Capital Gains Taxation- Long Term Capital Gains (units held for more than 12 months) x on distributed income (payable by the scheme) rates Long Term Capital Gains (units held for more than 12 months) Details Individual/ HUF $ Domestic Company @ NRI $ / # Equity oriented sch…

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