Now that the B -- day is over, it is time to look at the impact of budget on your savings, investments and tax planning.
Tax talk
Let us first do a reality check on whether you gain anything from the new income tax provisions, which increased threshold limits, after the additional education cess of one per cent.
If your income is between Rs 110,000 to Rs 150,000, the tax earlier was Rs 5,100 and now it's Rs 4,120, a saving of Rs 980.
If your income is between Rs 150,000 to Rs 250,000, the tax earlier was Rs 25,500 and now it's Rs 24,720, a saving of Rs 780.
If your income is between Rs 250,000 to Rs 500,000, the tax earlier was Rs 102,000 and now it's Rs 101,970, which means a saving of just Rs 30.
But, after your income crosses Rs 500,000, you no longer save a wee bit, even. In fact you pay more than what you did prior to the budget!
For example, if your income is Rs 10 lakhs, the tax earlier was Rs 280,500; but now it's Rs 282,117, which means you are poorer by Rs1,617 as compared to the last year.
Another thing is that though the finance minister has increased the threshold exemption limit by Rs 10,000 and the relief is Rs 1,000 in actual terms, your tax relief comes to less than Rs 100 per month.
Budget: One of the factors affecting home loans
The third important fact is that senior citizens, for whom threshold exemption limit has been increased from Rs 1,85,000 to Rs 1,95,000, after cess calculations do not get a relief of Rs 2,000, but less than that amount.
TDS moves
The TDS limit going up from Rs 5,000 to Rs 10,000 on fixed deposits would allow you to keep more money in banks and post offices.
But do remember that this is possible only from June.
To gain maximum advantage, keep up to Rs 10,000 in different branches of the same bank or different banks. Also, remember the TDS exemption facility is not available for co-operative banks, which do not have banking as their main function and also for the non-banking financial companies.
So, if you want to take advantage of the hike in TDS limit better put your money in public sector or private banks.
A senior citizen can now keep a little over Rs 1 lakh in a bank branch or post office without filing Form 15H, as Section 194A has been amended, as per the new budget proposals.
Advantage education loans
As Section 80E has been changed, you can claim tax deduction on interest paid for education loan/s of son/s or daughter's.
Now, it is also possible to take an education loan for yourself, or your spouse and not only for your child/children. But, all the study tax deductions again are possible only from April 2008.
Self-employed professionals beware
All self-employed professionals like architects, doctors, engineers, accountants, advertising people and interior decorators have to pay double TDS than they were paying earlier.
It has been hiked from 5 to 10 per cent, that is, if a person earns Rs 2 lakhs, the TDS stands at Rs 20,000, now. As this amount (Rs 20,000) is also threshold limit for TDS, the professional can't claim tax breaks and pay her/his TDS, as before. S/he has to pay higher tax and wait for a refund.
The consultant, who earns less than Rs 8 lakh a year, has comforting news because of the removal of service tax.
Mutual fund fundas
Plump for mutual funds that deal with shares from the infrastructure, capital goods and construction sector, as they are poised to ride high due to the government's emphasis on strengthening infrastructure.
Overseas options have also found favourable mention. Now you can directly invest in stocks or bonds of foreign countries through your mutual fund.
Franklin Templeton India and Principal Punjab National Bank are such mutual funds already offering investors the option to invest overseas. Kotak and HSBC are also lining out such products to suit your needs.
Fixed maturity plans (FMPs), of mutual funds are a risk-free bet after this budget, whichever way the pendulum swings. For tenures of more than a year, they give higher return than a bank fixed deposit.
On redemption, the investor can also use benefit of indexation for capital gains that is denied to bank deposits. A tax of 10 per cent on capital gains is very economical, compared to income tax one.
The fixed maturity plan invests in bonds, government papers, corporate bonds and money market instruments of the same maturity. That is, a 3--year FMP will invest in a 3--year bond, thus giving returns equal in value to market price, neutralising the risk of inflation.
This is what indexation is all about. Your returns are linked to the rate of inflation. In a way indexation protects investors from rising inflation.
The securities transaction tax has not been tinkered with. It means you continue to pay lower taxes for investment in shares through a mutual fund.
However, a mutual fund portfolio manager is now burdened with the service tax. He may pocket more from you, the investor. That is, the increase in service tax will be passed on to the investors as some or the other expense.
Is there anything safe and sound?
Your favourite investments like the Public Provident Fund (PPF), Post Office Monthly Income Scheme (MIS) and even mutual funds are still out of exempt-exempt-tax (EET) range. Hence, you can invest in such schemes without the fear of tax.
ESOP alternatives?
ESOPs are pushed in the fringe benefit tax net this year, but employers can think of alternative methods of compensating their employees without having to pay any tax.
The stock award scheme can be initiated, which factors in real market value of shares, not 'perceived value'. There can be profit sharing, another mode, where employees do not primarily invest in employers' securities.
Diagnose your medical plans properly
Though more insurance companies are anticipated to provide medical schemes for aged after the budget, read them carefully.
For example, the biggest medical insurance policy for aged, namely National Insurance Company's Varishtha plan, for people between ages 60 and 80 charges Rs 4,180 for premium on account of mediclaim, while it's general mediclaim policy charges Rs 2,322 only.
Besides, a co-sharing of expenses is insisted upon, with 10 per cent of medical bills thrust on consumer. Sub-limits for expenditure are also set out. For example, room rent during hospitalisation and surgeries is restricted.
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I am far from 500,000 and frankly I would prefer to have a 500,000 income and pay may more on my taxes, in the end I wouldn't find it that unfair. \nGordman, at [E file](http://www.e-file-tax-returns.org/)"}],["$","div",null,{"className":"flex items-center mt-4 space-x-4","children":["$","button",null,{"type":"button","className":"flex items-center font-medium text-sm text-gray-500 hover:underline dark:text-gray-400","children":[["$","svg",null,{"className":"mr-1.5 w-3 h-3","aria-hidden":"true","xmlns":"http://www.w3.org/2000/svg","fill":"currentColor","viewBox":"0 0 20 18","children":["$","path",null,{"d":"M18 0H2a2 2 0 0 0-2 2v9a2 2 0 0 0 2 2h2v4a1 1 0 0 0 1.707.707L10.414 13H18a2 2 0 0 0 2-2V2a2 2 0 0 0-2-2Zm-5 4h2a1 1 0 1 1 0 2h-2a1 1 0 1 1 0-2ZM5 4h5a1 1 0 1 1 0 2H5a1 1 0 0 1 0-2Zm2 5H5a1 1 0 0 1 0-2h2a1 1 0 0 1 0 2Zm9 0h-6a1 1 0 0 1 0-2h6a1 1 0 1 1 0 2Z"}]}],"Reply"]}]}]]}],["$","div","78262407528854",{"className":"border-l-4 border-gray-200 pl-4","children":[["$","div",null,{"className":"flex items-center gap-2 mb-2","children":["$","address",null,{"className":"flex items-center mb-6 not-italic","children":["$","div",null,{"className":"inline-flex items-center text-sm text-gray-900 dark:text-white","children":[["$","img",null,{"className":"mr-3 w-8 h-8 rounded-full","src":"$10","alt":"Guest"}],"$L11","$L12","$undefined","$L13","$L14","$undefined"]}]}]}],"$L15","$L16"]}],"$L17","$L18","$L19"],"$L1a"]}]]}] 20:I["1715fab9d5d1",[],"default",1] 11:["$","a",null,{"href":"/author/guest_73325980156310","rel":"author","className":"font-bold capitalize hover:underline dark:text-white","children":"Guest"}] 12:["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}] 13:["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}] 14:["$","time",null,{"dateTime":"Fri Oct 03 2008","className":"text-gray-500 dark:text-gray-400","children":"Oct 3, 2008"}] 15:["$","p",null,{"className":"text-gray-700","children":"Allowable deductions from dividend income: If you invest in shares, you may be able to claim as a deduction from assessable income certain expenditure incurred in deriving your income from those shares. The following are examples of expenses that may be deductible.\n1. Management fees\n2. Interest\n3. Interest on capital protected borrowings\n4. Travel expenses\n5. Cost of journals and publications\n6. Internet access and computers\n7. Borrowing expenses\n8. Dividends that include listed investment company capital gain amounts\n9. Deductions denominated in a foreign currency"}] 16:["$","div",null,{"className":"flex items-center mt-4 space-x-4","children":["$","button",null,{"type":"button","className":"flex items-center font-medium text-sm text-gray-500 hover:underline dark:text-gray-400","children":[["$","svg",null,{"className":"mr-1.5 w-3 h-3","aria-hidden":"true","xmlns":"http://www.w3.org/2000/svg","fill":"currentColor","viewBox":"0 0 20 18","children":["$","path",null,{"d":"M18 0H2a2 2 0 0 0-2 2v9a2 2 0 0 0 2 2h2v4a1 1 0 0 0 1.707.707L10.414 13H18a2 2 0 0 0 2-2V2a2 2 0 0 0-2-2Zm-5 4h2a1 1 0 1 1 0 2h-2a1 1 0 1 1 0-2ZM5 4h5a1 1 0 1 1 0 2H5a1 1 0 0 1 0-2Zm2 5H5a1 1 0 0 1 0-2h2a1 1 0 0 1 0 2Zm9 0h-6a1 1 0 0 1 0-2h6a1 1 0 1 1 0 2Z"}]}],"Reply"]}]}] 1b:T40f,data:image/svg+xml;utf8,%3Csvg%20width%3D%2232%22%20height%3D%2232%22%20viewBox%3D%220%200%2032%2032%22%20%0A%20%20%20%20%20%20%20%20%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20role%3D%22img%22%20aria-label%3D%22Avatar%20for%20Guest%22%3E%0A%20%20%20%20%20%20%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22hsl(280%2C%2080%25%2C%2050%25)%22%20rx%3D%223.2%22%20%2F%3E%0A%20%20%20%20%20%20%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-family%3D%22sans-serif%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-size%3D%2212.8%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-weight%3D%22bold%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20fill%3D%22%23FFFFFF%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20text-anchor%3D%22middle%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20dominant-baseline%3D%22central%22%0A%20%20%20%20%20%20%20%20%20%20%20%20style%3D%22user-select%3A%20none%3B%22%3E%0A%20%20%20%20%20%20%20%20G%0A%20%20%20%20%20%20%3C%2Ftext%3E%0A%20%20%20%20%3C%2Fsvg%3E17:["$","div","78180668932502",{"className":"border-l-4 border-gray-200 pl-4","children":[["$","div",null,{"className":"flex items-center gap-2 mb-2","children":["$","address",null,{"className":"flex items-center mb-6 not-italic","children":["$","div",null,{"className":"inline-flex items-center text-sm text-gray-900 dark:text-white","children":[["$","img",null,{"className":"mr-3 w-8 h-8 rounded-full","src":"$1b","alt":"Guest"}],["$","a",null,{"href":"/author/guest_73325980156310","rel":"author","className":"font-bold capitalize hover:underline dark:text-white","children":"Guest"}],["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],"$undefined",["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],["$","time",null,{"dateTime":"Wed May 21 2008","className":"text-gray-500 dark:text-gray-400","children":"May 21, 2008"}],"$undefined"]}]}]}],["$","p",null,{"className":"text-gray-700","children":"I think that new index is: I think that new index is quite fair if you think about the logic that stands behind it... The more you have, the more you should pay because you can afford it... Others that can't afford pay less so they can have a financial relaxation..."}],["$","div",null,{"className":"flex items-center mt-4 space-x-4","children":["$","button",null,{"type":"button","className":"flex items-center font-medium text-sm text-gray-500 hover:underline dark:text-gray-400","children":[["$","svg",null,{"className":"mr-1.5 w-3 h-3","aria-hidden":"true","xmlns":"http://www.w3.org/2000/svg","fill":"currentColor","viewBox":"0 0 20 18","children":["$","path",null,{"d":"M18 0H2a2 2 0 0 0-2 2v9a2 2 0 0 0 2 2h2v4a1 1 0 0 0 1.707.707L10.414 13H18a2 2 0 0 0 2-2V2a2 2 0 0 0-2-2Zm-5 4h2a1 1 0 1 1 0 2h-2a1 1 0 1 1 0-2ZM5 4h5a1 1 0 1 1 0 2H5a1 1 0 0 1 0-2Zm2 5H5a1 1 0 0 1 0-2h2a1 1 0 0 1 0 2Zm9 0h-6a1 1 0 0 1 0-2h6a1 1 0 1 1 0 2Z"}]}],"Reply"]}]}]]}] 1c:T40f,data:image/svg+xml;utf8,%3Csvg%20width%3D%2232%22%20height%3D%2232%22%20viewBox%3D%220%200%2032%2032%22%20%0A%20%20%20%20%20%20%20%20%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20role%3D%22img%22%20aria-label%3D%22Avatar%20for%20Guest%22%3E%0A%20%20%20%20%20%20%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22hsl(280%2C%2080%25%2C%2050%25)%22%20rx%3D%223.2%22%20%2F%3E%0A%20%20%20%20%20%20%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-family%3D%22sans-serif%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-size%3D%2212.8%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-weight%3D%22bold%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20fill%3D%22%23FFFFFF%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20text-anchor%3D%22middle%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20dominant-baseline%3D%22central%22%0A%20%20%20%20%20%20%20%20%20%20%20%20style%3D%22user-select%3A%20none%3B%22%3E%0A%20%20%20%20%20%20%20%20G%0A%20%20%20%20%20%20%3C%2Ftext%3E%0A%20%20%20%20%3C%2Fsvg%3E18:["$","div","78164093043094",{"className":"border-l-4 border-gray-200 pl-4","children":[["$","div",null,{"className":"flex items-center gap-2 mb-2","children":["$","address",null,{"className":"flex items-center mb-6 not-italic","children":["$","div",null,{"className":"inline-flex items-center text-sm text-gray-900 dark:text-white","children":[["$","img",null,{"className":"mr-3 w-8 h-8 rounded-full","src":"$1c","alt":"Guest"}],["$","a",null,{"href":"/author/guest_73325980156310","rel":"author","className":"font-bold capitalize hover:underline dark:text-white","children":"Guest"}],["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],"$undefined",["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],["$","time",null,{"dateTime":"Sat Apr 05 2008","className":"text-gray-500 dark:text-gray-400","children":"Apr 5, 2008"}],"$undefined"]}]}]}],["$","p",null,{"className":"text-gray-700","children":"reply: The budget means a lot of things to a lot of people. Every industry looks forward for incentives, schemes and fair taxation laws. I think I'll spread the posts on Budget to make it easy for me to understand it."}],["$","div",null,{"className":"flex items-center mt-4 space-x-4","children":["$","button",null,{"type":"button","className":"flex items-center font-medium text-sm text-gray-500 hover:underline dark:text-gray-400","children":[["$","svg",null,{"className":"mr-1.5 w-3 h-3","aria-hidden":"true","xmlns":"http://www.w3.org/2000/svg","fill":"currentColor","viewBox":"0 0 20 18","children":["$","path",null,{"d":"M18 0H2a2 2 0 0 0-2 2v9a2 2 0 0 0 2 2h2v4a1 1 0 0 0 1.707.707L10.414 13H18a2 2 0 0 0 2-2V2a2 2 0 0 0-2-2Zm-5 4h2a1 1 0 1 1 0 2h-2a1 1 0 1 1 0-2ZM5 4h5a1 1 0 1 1 0 2H5a1 1 0 0 1 0-2Zm2 5H5a1 1 0 0 1 0-2h2a1 1 0 0 1 0 2Zm9 0h-6a1 1 0 0 1 0-2h6a1 1 0 1 1 0 2Z"}]}],"Reply"]}]}]]}] 1d:T411,data:image/svg+xml;utf8,%3Csvg%20width%3D%2232%22%20height%3D%2232%22%20viewBox%3D%220%200%2032%2032%22%20%0A%20%20%20%20%20%20%20%20%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20role%3D%22img%22%20aria-label%3D%22Avatar%20for%20madhura%22%3E%0A%20%20%20%20%20%20%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22hsl(340%2C%2080%25%2C%2050%25)%22%20rx%3D%223.2%22%20%2F%3E%0A%20%20%20%20%20%20%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-family%3D%22sans-serif%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-size%3D%2212.8%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20font-weight%3D%22bold%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20fill%3D%22%23FFFFFF%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20text-anchor%3D%22middle%22%20%0A%20%20%20%20%20%20%20%20%20%20%20%20dominant-baseline%3D%22central%22%0A%20%20%20%20%20%20%20%20%20%20%20%20style%3D%22user-select%3A%20none%3B%22%3E%0A%20%20%20%20%20%20%20%20M%0A%20%20%20%20%20%20%3C%2Ftext%3E%0A%20%20%20%20%3C%2Fsvg%3E1e:T81c,Mutual fund fundas: The Past Does Not Equal The Future: Mutual Fund Returns! A way that investors get ripped off and in a sense rip themselves off is based on the culture of performance in the mutual fund industry. If you stop and think about it there is absolutely no reason that the past has to equal the future. If you have not been particularly successful as a stock investor in the past, for instance, there is no reason that you won�t be unsuccessful in the future. One reason I hope that you are reading this article is that you want to improve as an investor. Let�s discuss how professional gamblers profit in Las Vegas. Card counters are a type of professional gambler that uses their memory of what card cards have been dealt out of a deck in a game of blackjack (also called 21). Since there are only a certain number of each type of card they can increase their bets when it is more likely that they will win then lose. This works because after the shuffle the deck starts with a certain composition and a number of games are played until the next shuffle. Toward the end of the deck you can know what may be coming out if you are paying attention because each hand in the deck is depends on what has been dealt before. There are no professional gamblers who count the numbers rolled on a pair of dice on the craps tables. This is because there are only two dice and each roll is different. In other words, each roll of the dice is independent of any other roll. Since each roll is different it doesn�t matter what was rolled in the past. The same thing would happen if the deck in a game of blackjack were shuffled each time between hands. This is a lot like the stock market where we don�t know what the general level will be from time to time because of random information entering the market in the sort term. Mutual fund managers try to outsmart the market in the short term instead of patiently waiting in the long term where it is more likely to correctly determine if stocks are high or low. and for more see http://www.sykinfo.com/mutualfunds19:["$","div","78129146102166",{"className":"border-l-4 border-gray-200 pl-4","children":[["$","div",null,{"className":"flex items-center gap-2 mb-2","children":["$","address",null,{"className":"flex items-center mb-6 not-italic","children":["$","div",null,{"className":"inline-flex items-center text-sm text-gray-900 dark:text-white","children":[["$","img",null,{"className":"mr-3 w-8 h-8 rounded-full","src":"$1d","alt":"madhura"}],["$","a",null,{"href":"/author/madhura_73368141300118","rel":"author","className":"font-bold capitalize hover:underline dark:text-white","children":"madhura"}],["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],"$undefined",["$","span",null,{"className":"mx-1 text-md text-gray-400 dark:text-gray-500","children":"·"}],["$","time",null,{"dateTime":"Mon Sep 03 2007","className":"text-gray-500 dark:text-gray-400","children":"Sep 3, 2007"}],"$undefined"]}]}]}],["$","p",null,{"className":"text-gray-700","children":"$1e"}],"$L1f"]}] 21:T81c,Mutual fund fundas: The Past Does Not Equal The Future: Mutual Fund Returns! A way that investors get ripped off and in a sense rip themselves off is based on the culture of performance in the mutual fund industry. If you stop and think about it there is absolutely no reason that the past has to equal the future. If you have not been particularly successful as a stock investor in the past, for instance, there is no reason that you won�t be unsuccessful in the future. One reason I hope that you are reading this article is that you want to improve as an investor. Let�s discuss how professional gamblers profit in Las Vegas. Card counters are a type of professional gambler that uses their memory of what card cards have been dealt out of a deck in a game of blackjack (also called 21). Since there are only a certain number of each type of card they can increase their bets when it is more likely that they will win then lose. This works because after the shuffle the deck starts with a certain composition and a number of games are played until the next shuffle. Toward the end of the deck you can know what may be coming out if you are paying attention because each hand in the deck is depends on what has been dealt before. There are no professional gamblers who count the numbers rolled on a pair of dice on the craps tables. This is because there are only two dice and each roll is different. In other words, each roll of the dice is independent of any other roll. Since each roll is different it doesn�t matter what was rolled in the past. The same thing would happen if the deck in a game of blackjack were shuffled each time between hands. This is a lot like the stock market where we don�t know what the general level will be from time to time because of random information entering the market in the sort term. Mutual fund managers try to outsmart the market in the short term instead of patiently waiting in the long term where it is more likely to correctly determine if stocks are high or low. and for more see http://www.sykinfo.com/mutualfunds22:T81c,Mutual fund fundas: The Past Does Not Equal The Future: Mutual Fund Returns! A way that investors get ripped off and in a sense rip themselves off is based on the culture of performance in the mutual fund industry. If you stop and think about it there is absolutely no reason that the past has to equal the future. If you have not been particularly successful as a stock investor in the past, for instance, there is no reason that you won�t be unsuccessful in the future. One reason I hope that you are reading this article is that you want to improve as an investor. Let�s discuss how professional gamblers profit in Las Vegas. Card counters are a type of professional gambler that uses their memory of what card cards have been dealt out of a deck in a game of blackjack (also called 21). Since there are only a certain number of each type of card they can increase their bets when it is more likely that they will win then lose. This works because after the shuffle the deck starts with a certain composition and a number of games are played until the next shuffle. Toward the end of the deck you can know what may be coming out if you are paying attention because each hand in the deck is depends on what has been dealt before. There are no professional gamblers who count the numbers rolled on a pair of dice on the craps tables. This is because there are only two dice and each roll is different. In other words, each roll of the dice is independent of any other roll. Since each roll is different it doesn�t matter what was rolled in the past. The same thing would happen if the deck in a game of blackjack were shuffled each time between hands. This is a lot like the stock market where we don�t know what the general level will be from time to time because of random information entering the market in the sort term. Mutual fund managers try to outsmart the market in the short term instead of patiently waiting in the long term where it is more likely to correctly determine if stocks are high or low. and for more see http://www.sykinfo.com/mutualfunds1a:["$","$L20",null,{"postId":"75800367858070","endCursor":"78129146102166","initialComments":[{"id":"78265410650518","content":"Well this is the current: Well this is the current system pattern and I am not planning to question myself about it. I am far from 500,000 and frankly I would prefer to have a 500,000 income and pay may more on my taxes, in the end I wouldn't find it that unfair. \nGordman, at [E file](http://www.e-file-tax-returns.org/)","contentHtml":"Well this is the current: Well this is the current system pattern and I am not planning to question myself about it. I am far from 500,000 and frankly I would prefer to have a 500,000 income and pay may more on my taxes, in the end I wouldn't find it that unfair. \nGordman, at [E file](http://www.e-file-tax-returns.org/)","metadata":null,"isApproved":true,"createdAt":"$D2008-10-09T13:12:53.000Z","updatedAt":"$D2008-10-09T13:12:53.000Z","authorId":"73413473337750","postId":"75800367858070","parentId":null,"author":{"id":"73413473337750","nickName":"alan gordman","username":"alan_gordman_73413473337750","email":"andrei.dana@yahoo.com","role":"USER","isAdmin":false,"image":null,"metadata":null,"salt":null,"publicKey":null,"lastLogin":null,"failedAttempts":0,"lockedUntil":null,"recoveryPhraseHash":null,"recoveryCreatedAt":null,"createdAt":"$D2008-02-20T20:34:02.000Z","updatedAt":"$D2009-11-04T19:49:05.000Z"}},{"id":"78262407528854","content":"Allowable deductions from dividend income: If you invest in shares, you may be able to claim as a deduction from assessable income certain expenditure incurred in deriving your income from those shares. The following are examples of expenses that may be deductible.\n1. Management fees\n2. Interest\n3. Interest on capital protected borrowings\n4. Travel expenses\n5. Cost of journals and publications\n6. Internet access and computers\n7. Borrowing expenses\n8. Dividends that include listed investment company capital gain amounts\n9. Deductions denominated in a foreign currency","contentHtml":"Allowable deductions from dividend income: If you invest in shares, you may be able to claim as a deduction from assessable income certain expenditure incurred in deriving your income from those shares. The following are examples of expenses that may be deductible.\n1. Management fees\n2. Interest\n3. Interest on capital protected borrowings\n4. Travel expenses\n5. Cost of journals and publications\n6. Internet access and computers\n7. Borrowing expenses\n8. Dividends that include listed investment company capital gain amounts\n9. Deductions denominated in a foreign currency","metadata":null,"isApproved":true,"createdAt":"$D2008-10-03T15:24:30.000Z","updatedAt":"$D2008-10-03T15:24:30.000Z","authorId":"73325980156310","postId":"75800367858070","parentId":null,"author":{"id":"73325980156310","nickName":"Guest","username":"guest_73325980156310","email":"guest@example.com","role":"USER","isAdmin":false,"image":null,"metadata":null,"salt":null,"publicKey":null,"lastLogin":null,"failedAttempts":0,"lockedUntil":null,"recoveryPhraseHash":null,"recoveryCreatedAt":null,"createdAt":"$D2005-01-01T00:00:00.000Z","updatedAt":"$D2005-01-01T00:00:00.000Z"}},{"id":"78180668932502","content":"I think that new index is: I think that new index is quite fair if you think about the logic that stands behind it... The more you have, the more you should pay because you can afford it... Others that can't afford pay less so they can have a financial relaxation...","contentHtml":"I think that new index is: I think that new index is quite fair if you think about the logic that stands behind it... The more you have, the more you should pay because you can afford it... Others that can't afford pay less so they can have a financial relaxation...","metadata":null,"isApproved":true,"createdAt":"$D2008-05-21T15:45:06.000Z","updatedAt":"$D2008-05-21T15:45:06.000Z","authorId":"73325980156310","postId":"75800367858070","parentId":null,"author":{"id":"73325980156310","nickName":"Guest","username":"guest_73325980156310","email":"guest@example.com","role":"USER","isAdmin":false,"image":null,"metadata":null,"salt":null,"publicKey":null,"lastLogin":null,"failedAttempts":0,"lockedUntil":null,"recoveryPhraseHash":null,"recoveryCreatedAt":null,"createdAt":"$D2005-01-01T00:00:00.000Z","updatedAt":"$D2005-01-01T00:00:00.000Z"}},{"id":"78164093043094","content":"reply: The budget means a lot of things to a lot of people. Every industry looks forward for incentives, schemes and fair taxation laws. I think I'll spread the posts on Budget to make it easy for me to understand it.","contentHtml":"reply: The budget means a lot of things to a lot of people. Every industry looks forward for incentives, schemes and fair taxation laws. I think I'll spread the posts on Budget to make it easy for me to understand it.","metadata":null,"isApproved":true,"createdAt":"$D2008-04-05T15:17:11.000Z","updatedAt":"$D2008-04-05T15:17:11.000Z","authorId":"73325980156310","postId":"75800367858070","parentId":null,"author":{"id":"73325980156310","nickName":"Guest","username":"guest_73325980156310","email":"guest@example.com","role":"USER","isAdmin":false,"image":null,"metadata":null,"salt":null,"publicKey":null,"lastLogin":null,"failedAttempts":0,"lockedUntil":null,"recoveryPhraseHash":null,"recoveryCreatedAt":null,"createdAt":"$D2005-01-01T00:00:00.000Z","updatedAt":"$D2005-01-01T00:00:00.000Z"}},{"id":"78129146102166","content":"$21","contentHtml":"$22","metadata":null,"isApproved":true,"createdAt":"$D2007-09-03T07:20:58.000Z","updatedAt":"$D2007-09-03T07:20:58.000Z","authorId":"73368141300118","postId":"75800367858070","parentId":null,"author":{"id":"73368141300118","nickName":"madhura","username":"madhura_73368141300118","email":"myjoshi1979@gmail.com","role":"USER","isAdmin":false,"image":null,"metadata":null,"salt":null,"publicKey":null,"lastLogin":null,"failedAttempts":0,"lockedUntil":null,"recoveryPhraseHash":null,"recoveryCreatedAt":null,"createdAt":"$D2007-09-03T07:18:37.000Z","updatedAt":"$D2007-09-03T07:22:15.000Z"}}]}] 1f:["$","div",null,{"className":"flex items-center mt-4 space-x-4","children":["$","button",null,{"type":"button","className":"flex items-center font-medium text-sm text-gray-500 hover:underline dark:text-gray-400","children":[["$","svg",null,{"className":"mr-1.5 w-3 h-3","aria-hidden":"true","xmlns":"http://www.w3.org/2000/svg","fill":"currentColor","viewBox":"0 0 20 18","children":["$","path",null,{"d":"M18 0H2a2 2 0 0 0-2 2v9a2 2 0 0 0 2 2h2v4a1 1 0 0 0 1.707.707L10.414 13H18a2 2 0 0 0 2-2V2a2 2 0 0 0-2-2Zm-5 4h2a1 1 0 1 1 0 2h-2a1 1 0 1 1 0-2ZM5 4h5a1 1 0 1 1 0 2H5a1 1 0 0 1 0-2Zm2 5H5a1 1 0 0 1 0-2h2a1 1 0 0 1 0 2Zm9 0h-6a1 1 0 0 1 0-2h6a1 1 0 1 1 0 2Z"}]}],"Reply"]}]}]