PVS (Prashant V Shah)

– Authorized Education Provider of FPSB Ltd. (CFP Coaching and Study Material)

  • Join 796 other subscribers
  • Contact for Coaching and Study Material

    Prashant V Shah

    Ph: 92274 08080

    Email: pvs.cfp@gmail.com

  • Content to Purchase

    Study Texts with Pre-recorded sessions:

    Investment Planning Specialist

    Retirement and Tax Planning Specialist

    Insurance and Estate Planning

    CWM Level -2

  • Upcoming Batch


    Online Batch: August 2021

    Thursday: 7 pm to 9 pm Saturday: 7 pm to 9 pm
    Sunday: 11 am to 1 pm
    Fees: Rs.60,000

    Weekday Batch: July 2021

    Monday to Thursday: 4 pm to 6 pm
    Fees: Rs.75,000

    Duration: 8 months to 12 months


    Online Batch:

    Saturday 5 pm to 7 pm

    Sunday 9 am to 11 am

    Fees: 50,000

    Weekday Batch:

    Monday to Thursday: 2 pm to 4 pm

    Fees: 50,000



  • Blog Stats

    • 786,127 hits

Amendments for Assessment Year 2013-14 for CFP

Posted by Prashant Shah on February 8, 2013

Tax Rates:

For Individual (Man and Woman both):

Net Income

Income Tax Rates

Up to 2,00,000


2,00,000  to 5,00,000


5,00,000 to 10,00,000


Above 10,00,000


Capital gains:

  • CII for AY 2013-14: 852
  • Extension of capital gain exemption under section 54B to a Hindu Undivided Family

Income from other sources:

  • Any sum of money or property received by a HUF without consideration or for inadequate consideration from its members exempt from tax

Deductions from Gross Total Income

  • Life insurance premium up to 10% of minimum capital sum assured to qualify for deduction under section 80C, in respect of insurance policies issued on or after 1.4.2012.
    • Previously the same was used to be 20%
  • No benefit under section 80CCF from AY 2013-14
  • Introduction of section 80CCG:
    • One time deduction for investment by a resident individual in listed equity shares as per notified scheme
    • Example: Rajeev Gandhi equity scheme
  • Eligible age for senior citizen reduced from 65 years to 60 years for availing increased deduction under section 80D
    • Deduction for expenditure on preventive health check-up under section 80D
  • No deduction in respect of cash donation exceeding of Rs. 10,000 under section 80G
  • Deduction in respect of interest on deposits in savings accounts under section 80TTA
    • Deduction up to Rs.10,000 in aggregate to an assessee

6 Responses to “Amendments for Assessment Year 2013-14 for CFP”

  1. manoj said

    correct the slab rate. its 5lac to 10 lac not 5-8 lacs…

  2. rachna said

    Dear Prashant

    I plan to appear for Retirement planning exam in April. Can you pls guide me about the best course content according to the revised syllabus which talks extensively about life cycle and retirement planning process. I going through the self study mode and using FPSB books as of now.

  3. manoj said


    firstly read the sample paper of fpsb, and you can search for the .pdf files of retirement at google and then read them, try to solve them all. even this site will be helpful for u.

    u can get the basic information from ur modules (if u have). i have cleared Retirement planning and estate planning by grade A. by doin this only.. even im a self study student.

  4. Roppa said

    Dear Prashant Sir,

    Request you to give explaination for the following.

    How TDS is deducted on the interest income from FD and saving a/c if interest income is more than 10,000 for AY 2013-2014
    is education cess is applicable in both the cases?

  5. suresh patel said

    please update what are the latest amendment in ta cfp

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: