Dejargoned: Tax terrorism

Dejargoned: Tax terrorism

The enthusiasm of the government to collect higher taxes has been dubbed by critics as tax terrorism
DYK: Debt funds bought last year can attract higher tax

DYK: Debt funds bought last year can attract higher tax

New rules will apply to all redemptions made after 10 July
De-jargoned: Brics bank

De-jargoned: Brics bank

It’s an institution that will provide multilateral development finance to the developing economies
De-jargoned: Systemically Important Financial Institutions

De-jargoned: Systemically Important Financial Institutions

Such banks will attract a higher degree of supervision to ensure stability in the financial system
DYK: You can now save up to <span class='WebRupee'>Rs.</span>36,050 in taxes

DYK: You can now save up to Rs.36,050 in taxes

Budget 2014 brought cheer to many taxpayers, especially those who are servicing a home loan
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More From did you know

DYK: Tax deducted at source to apply to life insurance also
Tue, Jul 22 2014. 07 23 PM

DYK: Tax deducted at source to apply to life insurance also

No TDS is applicable for maturity proceeds of less than Rs.1 lakh.
You can’t change bank mandate and redeem MF at the same time
Mon, Jul 21 2014. 06 32 PM

You can’t change bank mandate and redeem MF at the same time

Since fund houses allow multiple bank accounts to be registered, you should register those accounts
De-jargoned: Non-tax revenue
Sun, Jul 20 2014. 08 20 PM

De-jargoned: Non-tax revenue

Non-tax revenue has helped the process of fiscal consolidation
De-jargoned: Negative list for service tax
Thu, Jul 17 2014. 07 06 PM

De-jargoned: Negative list for service tax

Services that come under the negative list are exempt from service tax
DYK: the effective rate of DDT is 38%, and not 28.325%
Wed, Jul 16 2014. 06 12 PM

DYK: the effective rate of DDT is 38%, and not 28.325%

Among the key changes announced in Budget 2014 impacting MFs was the way DDT would be computed
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