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Business: COST INFLATION INDEX 2009-10 NOTIFIED

Today (09.09.2009) Cost Inflation index for Financial Year 2009-10 Has been notified.The Index is to be used for the calculation of Long term capital Gain on Capital assets .More over person who has sold their assets in April & looking to invest money in Bonds is looking for this Notification as time limit for investment as per section 54EC is 6month from date of transfer of capital assets which is going to be expire in October 2009 for such persons.
discuss | tags: cii 2009-10 all | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

Masti: SIDE EFFECTS OF NANO CAR-FUNNY


watch a very interesting funny slid show about side effects of nano Tata small car and give ur comments
discuss | tags: nano car drawbacks funny all | category: Masti | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

Business: TDS RATES FOR FINANCIAL YEAR 2009-10(AFTER/BEFORE 1.10.2009

get TDS rate chart as per budget 2009 and Finance act 2009 from 1.10.2009 and before 1.10.2009 and what are the issues involved in surcharge and cess
3 comments | tags: tds rates tds chart 2009-10 all | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

Masti: Should u really marry a CA(girl)?????

an interesting story about what happen if you marry with a CA Girl.Read pro & cons of marriage with a CA girl.
discuss | tags: ca girl chartered accountant all | category: Masti | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

News: second installment 60 % released ISIXTH PAY COMMISSION

Ministry of Finance today issued office memorandum no F.No.l/l/2008-IC dated 25.08.2009 wide which it has been notified that second installment of 60% arrears of sixth pay commission be paid to Govt.employee immediately . Further it is notified that in case of entrants after 01.01.2004 in Govt ,arrears may be released only after individual application forms for registration to the New Pension Scheme have been obtained by the DDO/PAO from the concerned Government servant.read full story
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LetsDiscuss: Fill MICR code in ITR and Get early refund ??

Friends,Now the season for finalization of Income tax return. Every body wants to file their return on time ,specially those who has a refund in their return .Now a tip for you fill your bank MICR code and Get the income tax refund early and direct in your bank Account .Know detail about what is MICR and how you can get your bank branch MICR code read full story
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LetsDiscuss: FBT ABOLISHED ON COMPANY ,IMPOSED ON EMPLOYEE??

Good news for every body is that FBT abolished from FY 2009-10 but bad news is that now employees have to pay tax on fringe benefits as perquisites .Even Esop is now less attractive as you have to pay tax on the day of exercise of option itself.I can hope only that new list of perks will be shorter than what it was in FBT and there is no presumption value while adding the perquisites value in Income of the employee read full story
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LetsDiscuss: RECEIVE GIFT FROM RELATIVE-NO GIFT TAX ?

budget 2009 has changed the tax planning through Gift .earlier Gift in Kind is not taxable but now from 1.10.2009 it is taxable.So be informed and read what is the net impact and how you can save tax through Gift after budget 2009... read more
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Business: TAX CALCULATOR -09-10 WITH REVISED RATES IN BUDGET 2009

Get change in tax rates of personal income Tax In India after budget 2009 ,calculate your new tax liability after the new rates and check benefits from the old rate ........
1 comment | tags: budget 2009 tax rates tax caclulator all | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

LetsDiscuss: No Penalty On late filing of Income Tax return ???!!!

Due date of Income Tax return is approaching Fast ,Every body is working to meet the dead line i.e 31.07.2009 but do you know what is the penalty for late filing of Income Tax return ?any guess .............No guess .....In fact there is no penalty on late filing of income tax Return .......
Read the very Interesting story/post about this
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LetsDiscuss: UTN(unique transaction number) not mandatory for ITR AY 2009-10

earlier I have come with the same story but at that time UTN is mandatory for ay 2009-10 But now on the reverse Govt has isued a press release vide which UTN is no longer required for Ay 2009-10 .Further TDS new rules as per Notifiaction 31/2009 like Form 17,form 24 C is deferred till further order till then old rules will be applicable
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LetsDiscuss: UTN(unique transaction number) mandatory for ITR AY 2009-10

UTN is mandatory for ITR ay 09-10 also so you have to know what is UTN and How you can collect them the whole concept has been explained with flow chart is given in the story
discuss | tags: utn itr 09-10 all | category: LetsDiscuss | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

IndiaShining: T N SIXTH PAY CALCULATOR (PAY & ARREARS)

Calculate your new pay with arrears with Tamilnadu Sixth pay Calculator.Fill just three cells and Get your new Pay band,pay in pay band,pay band code and Grade pay plus get arrears details from 1/07 to 5/09 and further get complete due drawn statement in just less than 2 minutes
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LetsDiscuss: Fifth Pay commission Punjab calculator

Pay commission has submitted their report to punjab Govt on 20.04.2009 .On the basis of report what should be your pay,get it from the calculator given in the link,just fill two column and get 1/06 to 3/09 arrear and new pay fixation.
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Business: SIXTH PAY COMMISSION PAY CALCULATOR AFTER GAZETTE NOTIFICATION

instead of giving wrong calculator in excel we are giving you examples ,how to calculate pay after gazette notification ,infact some of the example are same as they are given in the budget notification ,so check them now for authentic information
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