New tax rates- are they actually lower?

During the presentation of the Fiscal Budget, the Finance Minister announced revised slab rates of taxation for individuals, which are lower than the prevailing rates. However, there is a certain catch to it. Under the new rates, the assessee has to forego certain exemptions and deductions while computing the taxable income. Hence they might actually …

Surgical Strike’s Impact, RIL all time high, ICICI Prud Life weak debut: Weekly Digest #16

Monday- 26th September 2016 The world's biggest retailer Walmart Stores is exploring an equity partnership with Flipkart to take on common rival Amazon in India. The companies are engaged in early talks and a meeting is scheduled this week. Godrej Consumer Products has filed a case against former managing director Arumugham Mahendran in the Bombay …

BSE-Twitter ties,Jubilant Foodworks slumps, Union budget modifications- Weekly Digest #15

Monday- 19th September 2016 Bombay Stock Exchange has partnered with Twitter to provide live updates of Sensex levels, stock prices and opening and closing figures of Sensex companies. This will be Asia's first such collaboration between a stock exchange and a social media platform. Chinese real estate giant Dalian Wanda has announced a $10-billion investment …