Select articles from RaagVamdatt.com are now being published in Dignity Dialogue, a publication from the NGO Dignity Foundation.
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I am glad to announce that select articles from this website are now being published in “Dignity Dialogue”, a monthly magazine from the reputed NGO Dignity Foundation.
You can find a sample here:
Missed Your IT Deadline? (Might take some time to download – it is a 4.3MB file)
About Dignity Foundation
Dignity Foundation is an NGO that works for the cause and care of our elders (over 50 years of age). Headquartered at Mumbai, Dignity Foundation was established in April 1995 to cater to the needs of the elderly.
Dignity Foundation is a charitable organisation under Societies Reg. Act 1860 GBBSD/97C.
For more, please visit http://www.dignityfoundation.com/
About Dignity Dialogue
Dignity Dialogue is a monthly magazine published by the Dignity Foundation, and contains articles and information useful for senior citizens.
Amount raised from the subscriptions to Dignity Dialogue is one of the means to fund the activities of Dignity Foundation.
To see the contents of the current issue, please visit http://www.dignityfoundation.com/dd-current.htm
To subscribe and contribute towards the activities of the Dignity Foundation, please click on one of the following:
Other articles you might be interested in:
- Transparency in floating interest rate home loans – Customers to know changes in reference rate instantly
- 7 factors you should consider before buying a second house
- Interest rates are bottoming out – Want to take a loan? The right time is now!
- Blessed with a son – Rishi Vamdatt
- RaagVamdatt.com is up and running again
- Highlights of the draft “New Direct Tax Code”
- Securities Transaction Tax (STT) not removed in budget 2009 – Good or bad for you?
- Can’t find an ATM? Withdraw cash from a POS terminal using your debit card
- Income tax filing season is over – Now play this “Split Stocks” game online and relax!
- Shopping online using a credit or debit card: Verified by Visa / MasterCard mandatory from 1st Aug 2009
- Tax on gifts (Gift tax): When to pay, how much to pay and what is exempt
- RaagVamdatt.com launches mobile enabled site – Now, view the website on you cell phone
- Income Tax (IT) and death of a person – Responsibilities of legal heirs
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Hello Raag,
I have the following querie on income tax computation. I was under the impression that I do not have a tax liability, but recently I got a doubt.
I have the following income details for FY 2009-10.
Income from House Property: 17855 (net of broght forward loss from HP of 34427)
Income from Business/Profession (Brokerage): 11569
Income from Caiptal Gain: 108478
(Detailed breakup:
Long Term Cap Gain indexed: 350447,
Short Term Cap Gain: 511498
Short Term Cap Loss: 745191
Brought Forward Loss: 8276
)
Income from other sources (bank Interest): 13632
Gross Total Income: 151534
Deductions allowed(chapter VI 80C):81100
Net Income: 70434
I was under the impression that as the net income was below the exempt limit of 160000, no tax liability would arise. However, I heard on a business news channel that 80C deduction and 160K exemption is not applicable in case of income from Capital Gains. Please guide whether I have a tax liability and how I should calculate it.
Thanks & Regards,
Anil Kumar
the amount deducted as indexation cost from LTCG is the amount which will be taxable @ 20% and STCG will be computed @ 30%.however u can claim deduction for the losses suffered by u.there are various avenues thru which u can avoid paying LTCG tax by investing in the avenues given under section 80C.