Billionaires owe their billions not just to their market success but also the helping hand of the law
3 min read19 Dec 2019Estate taxes have never gained popularity with economists in the past
4 min read1 Jul 2019With India's new Union Finance Minister Nirmala Sitharaman preparing to deliver her first budget on July 5, Surya Bhatia, Managing Partner at Asset Managers, helps decode what the document might contain for the common man. He comments on the speculation that income tax exemption limits may be raised, thus putting more money in the hands of the salaried class. Bhatia also assesses the possibility of the re-introduction of a wealth tax on the high income group. Watch the full video for more.
21 Jun 2019It's always important to remember the difficulties and dangers in crafting all-embracing narratives of economic history
4 min read25 Oct 2017To know the capital gains from selling a property, you need to know how to calculate its fair market value
4 min read9 Mar 2017An exemption is available if the property or money is received from a relative, who include, among others, the individual's parents
2 min read6 Dec 2016The income declaration scheme announced in this year's budget will remain in force from 1 June to 30 September
1 min read14 May 2016Revenue collected is nominal, but it puts significant compliance burden on taxpayers
2 min read28 Feb 2015There were some goodies for individual taxpayers, with a few negatives
3 min read28 Feb 2015Those with taxable income over `1 crore to pay more surcharge
3 min read28 Feb 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared