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Economy-related news, Articles, informations

Can I purchase Agricultural Land in Karnataka?

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What does agriculture include? Agriculture includes aquaculture, horticulture, dairy farming, poultry, breeding of livestock, plantation, apart from growing crops.  Are BBMP Officials agriculturists, who cut trees in the city of Bangalore? No. cutting of trees or wood/timber is a business! The land used for agriculture purposes is called as Agricultural ...

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Union Budget 2018 – a brief write up

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You would have got many mails or pdf documents covering the highlights of the Union Budget 2018. Hence, I chose to write only the important points here # 1 – Salaried employees – Currently, Rs.15000 per year towards medical reimbursements and Rs.1600 per month towards travelling allowance is available as ...

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Budget 2017: How it impact your tax liability

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Point 1 – Is there any tax impact on my income of Rs.55 Lakhs per year? Yes! Till FY 2016-17, on your income, the approximate tax works out to Rs.14 lakhs. After this budget (means from 1st April 2017), the tax payable will go up by Rs.1.40 Lakhs (10% on ...

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