Key Taxation Highlights Union Budget 2018-19

In the context of upcoming General Elections, Budget 2018-19 laid a strong focus on the agricultural, Infrastructure, healthcare and education sectors in the country. Some of The Key Highlights of the budget are as follows: Taxation: 1) No change in the structure of the income tax rate for individuals, HUF, Firms and Companies. 2) For AY…

Equity Update

Markets cheered the New Year as major global markets gained in the first fortnight of 2018. There was a general optimism among investors in the U.S. which overcame weak economic data.    The unveiling of new rules for European financial markets gave a fillip to sentiment in the region. Upbeat economic data also contributed to the…

Mandatory linking of Aadhaar with Mutual Funds

As per the recent amendments to Prevention of Money-laundering (Maintenance of Records) Rules, 2005, it is mandatory for investors to link their Aadhaar with their Mutual Fund folio(s) on or before March 31, 2018, failing which investors will be unable to carry out any transactions in the folio. In this regard, the Aadhaar can be updated by your…

Income Tax Exemption Updates : For FY: 2016-17

80 C : Max limit  : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50%  of your investment which ever is less  80D : 25000/-  Mediclaim Policy for self spouse, children  80D : 30000/- for dependent parents u/s-80D.  Medical reimbursement :- 15000/- US 17(2) 80DDB : Medical expense occurred…