Income Tax: No tax payable on inheriting property

June 5, 2018

* Does one have to pay tax on inheriting a property from a distant relative? – Somesh Kumar No, in India there is no tax on inherited property. If there is any income from such property, then it is taxable in the hands of inheritor and gains are also taxable in the hands of inheritor at the time of sale of such property. Whether the gain is long-term or short-term…

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IT alert! Taxpayers should pay first instalment of advance tax by June 15 or face penalty

June 5, 2018

Have you paid the first instalment of your advance tax yet? If not, it is time to hurry up as you are required to pay the first instalment of advance tax to the government by 15th June, 2018. The Income Tax Department has already started drawing the attention of taxpayers towards this and has warned them that “short/ non-payment or deferment of payment of advance tax will result in levy…

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Aishwarya Rai Bachchan’s Pic For Amitabh And Jaya Bachchan’s Anniversary Is The Best Thing On Internet Today

June 5, 2018

Thank God Aishwarya Rai Bachchan’s on Instagram now and you’ll agree more when you see the picture she posted recently. On Amitabh Bachchan and Jaya Bachchan’s 45th anniversary, Aishwarya shared an adorable picture with the star couple, her daughter Aaradhya and Agastya (Shweta’s son) and wrote, “Happy anniversary, Pa and Ma. Love, health and happiness always. God bless.” The post arrived late on Sunday night and has got over 3.8…

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Kaala: IT firm declares holiday on June 7 to honour Rajinikanth

June 5, 2018

After much anticipation, Rajinikanth’s Kaala is set to hit to hit the screens on June 7 this week. The fans’ curiosity is piquing as the multilingual film nears its release. The political drama co-stars Huma Qureshi and features Rajinikanth as a Mumbai gangster and the fans are expecting the best of the best from the film. And while different fans prepare for the release in disparate ways, a Kerala based…

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Reliance Jio Holiday Hungama Offers Rs. 100 Discount On Rs. 399 Prepaid Recharge Plan

June 5, 2018

Reliance Jio, under its Holiday Hungama offer, is offering Rs. 100 as instant discount and cashback to users who recharge their phones with the prepaid recharge plan of Rs. 399. This would effectively reduce the price of its ‘highest-selling’ prepaid recharge plan of Rs. 399 to Rs. 299, Jio said. Jio’s Holiday Hungama offer is a limited period scheme and will run from June 1 to June 15, Jio said…

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EPF Interest To Be Credited Soon: Here’s What You May Not Know About It

June 5, 2018

The interest of 8.55 percent accrued on Employee’s Provident Fund (EPF) for the fiscal 2017-18 will be credited soon. The interest rate recently notified by the government is lowest since 2012-13 fiscal. EPF is a mandatory contribution that every company, which has more than 20 employees, has to deduct from the salary of its employees. An employee contributes 12 per cent of his salary towards the EPF kitty, while an…

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Five things director Pa Ranjith said about Kaala and Rajinikanth

June 5, 2018

One of the most awaited films this year, Kaala is finally all set to hit the screens this Thursday. With the film running into several controversies on the road to the silver screen, here are a few things Kaala director Pa Ranjith has said about the film and its leading star Rajinikanth. On Rajini’s character in Kaala: “The Rajini I have interacted with personally is much much more intense, humble…

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