• NEWS
    Civilian victims of cross-border firing, IED blasts to get Rs 5 lakh as compensation

    The Narendra Modi-headed Cabinet on Wednesday approved a scheme to grant greater compensation to civilian victims of cross-border firing, blasts of improvised explosive devices and militant attacks. According to the Central Scheme for Assistance to Civilian Victims of Terrorist/ Communal/ Left Wing Extremist, Cross-Border Firing and Mine/IED Blasts on Indian Territory, the compensation, to be […]

  • ALL DEALS
    India source income may be seen as accrued in India

    iStockPhoto I’m living in London for the last 5 years. I have few Indian stocks and want to book a profit. How will I be taxed? —Sayantan Chandra Capital gain from sale of shares of an Indian company is taxable in India. The taxability will depend on the nature of the asset, holding period and […]

  • NEWS
    Each SIP instalment is treated as a separate investment

    iStockPhoto I’m 30 and have started investing in mutual funds (MFs) last year. But I have over-invested; I am hardly left with any savings. What is the ideal ratio of income-to-MF investment? I’m married and earn Rs.60,000 per month. My monthly investments are around Rs.28,000 and expenses are around Rs.23,000. —Rajyashree Basu There is no […]

  • ALL DEALS
    Cash received as gift from some relatives is tax exempt

    iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar The entire money received by an individual from any person without consideration, the aggregate value of which exceeds Rs.50,000 in a financial year (FY), is […]

  • ALL DEALS
    Gains from sale of inherited property taxed as capital gains

    iStockPhoto I am selling my ancestral residential property, which will fetch around Rs.30 lakh. This will be equally divided among all the heirs. What will be the tax liability of this transaction? Can this money be deposited in a savings bank account? —Jay Sinha In the absence of complete facts, we have assumed that the […]

  • ELECTRONICS
    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows

    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to TWD 52.9 billion ($1.6 billion or […]

  • COMPUTERS
    US Says Computers in Google Self-Driving Cars Qualify as Drivers

    US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step towards ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic Safety Administration told Google, a unit of Alphabet Inc, of its decision in a previously […]

  • COMPUTERS
    Hardware as a Service: HP Gets Ready to Lease Computers to Businesses

    HIGHLIGHTS HP to offer hardware products on lease as PC demand weakens Will monitor its device’s health and offer replacements accordingly Promises to ensure that all data is wiped-off post device’s use HP Inc., the second largest PC-maker in the world after Lenovo, on Thursday said that it will start offering computers and other hardware […]

  • NEWS
    As iPhone Sales Stagnate, Services Promise Growth for Apple

    Though Apple Inc is selling enough iPhones to keep investors happy for now, the world’s most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple’s services business alone – which includes the App Store, Apple Pay and iCloud – will be “the size of a Fortune […]

  • COMPUTERS
    Microsoft CEO Visiting China as Anti-Trust Probe Nears Third Year

    HIGHLIGHTS Nadella is expected to meet government officials to discuss the probe. Investigation relates to compatibility issues with Windows. Microsoft is one of several firms to have come under scrutiny in China. Microsoft Corp chief executive Satya Nadella is in Beijing this week, a company spokesman said on Tuesday, as China’s anti-trust investigation of the […]

  • COMPUTERS
    Hardware as a Service: HP Gets Ready to Lease Computers to Businesses

    HIGHLIGHTS HP to offer hardware products on lease as PC demand weakens Will monitor its device’s health and offer replacements accordingly Promises to ensure that all data is wiped-off post device’s use HP Inc., the second largest PC-maker in the world after Lenovo, on Thursday said that it will start offering computers and other hardware […]