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20 ArticlesBudget2012

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Ramadorai, Ex-TCS-CEO, Will Advise Govt On Startup Tax

The Startup Tax situation has elicited serious response. Pluggd.in has reported that the Ex-CEO of TCS, S. Ramadorai, has been asked to advise the government ...

Quirky Budget Facts

Waste Paper Has No Customs Duty. Apparently, our streets are not dirty enough, so we are providing a complete duty exemption for importing waste paper. The Tax ...

Insurance: Pay 3% or 1.5% Service Tax Now

Till last year, service tax was chargeable on the premium you paid for Term insurance policies. Even in ULIPs the service tax was only charged on the portion ...

Insurance: Full Tax on Surrender If Premium>10% of Sum Assured [Corrected]

Missed in the glory of the Budget 2012 are key changes in Life Insurance. No 80C deduction if your Premium’s greater than 10% of the sum assured Under ...

Private Cos: Investors Must Reveal Source Of Funds

Also Read: Angel Investors Beware: Funding Startups Could be Classified as Income Yet another amendment in the budget will open a can of worms, though this one ...

Digital Still Cameras Get 10% Duty

In a tiny little addition, customs duty has been introduced on Digital Still Image Cameras. Till last year, all digital still cameras were not charged duty. ...

Angel Investors Beware: Funding Startups Could be Classified as Income

Startups, founders and Angel investors, please note the change in Budget 2012 that has been slipped in, innocuously. An investment in any private company could ...

Duty Free: Bring Rs. 35,000 Worth Goods Back

There was one thing that interested me a lot: towards the end of the Budget Speech, the FM said : 217. Baggage allowance for Indians travelling abroad was last ...

Budget 2012: New Tax Slabs

I’m writing a lot on the budget, but I thought I’d do a quick post since most questions are in this domain. The tax slabs have been reorganized to align ...

Diesel Prices Must Be Deregulated In the Budget

I write at Yahoo, Diesel Prices Must Be Deregulated In the Budget Diesel prices are way below the price of petrol for a long time now, with the difference of ...