There is a Lunar Eclipse on the night of 31st December 2009! What a way to celebrate the New Year.
As per the Hindu practices, people used to stop eating atleast 3 hours before the start of the eclipse. Why? Is it a matter of superstition? or just a practice or has some science behind it? Why people are asked to stop eating atleast 3 hours before the start of the eclipse? Is it to fast and pray to God?
I believe that it is not because of some superstition or so. It is proved scientifically that...
Recent notification on taxing the perquisites - More on the topic
In my last post on the taxing the employees on the perquisite (which was earlier taxed as FBT). Some of my friends wanted more clarity on this. I am giving my interpretation and anyone has to plan their salary package, better check with their tax consultants or their auditors before doing so.
Let me discuss some of them.
(a) Provision of meals to employees during the office hours
Under the FBT rules, it was exempted. But now they have brought in the perquisite valuation back. Upto Rs.50 per...
Season's Greetings
Friends,
It was a wonderful year (2009) for me and hope for many too. The economy started reviving and the Stock Market bounced back from the steep slide.
I wish you all a Merry Christmas and a Happy New Year.
I wish the New Year will bring in eternal Happiness, Prosperity, Joy, Peace, Success in our life.
Like 20-20, 2010 will a successful...
GST Task Force recommendation - Implementation may be delayed!
The Thirteenth Finance Commission’s taskforce on the proposed goods and services tax (GST) has recommended a 5 per cent central GST and 7 per cent state GST on all goods and services, except five specific categories. It has proposed a zero rate for exports though it is not in favour of any special dispensation for the special economic zones (SEZs).
For inter-state transactions, the taskforce, in its report, recommended zero-rated structure through adoption of the modified bank model. Pending constitutional...
GST - PM's Economic Advisory Committee favors single slab for Goods & Services
In my earlier posting, I have mentioned the salient points of the recommedations by the Empowered Committee of the State Finance Ministers (EC).
Last week the Prime Minister's Economic Advisory Committee (PMEAC) headed by C.Rangarajan favoured a single slab each for goods and services or one common rate for both under the proposed goods and services tax (GST), unlike the proposal mooted by the states.
Rangarajan said,"The Centre could follow the pattern in which there is only...
Do return on Investments have link to the Moon phase?
Read an article on the link between moon phase and the return on investment. Sounds silly. Here you go....
Macquaire Securites team of 14 senior market analysts scrutinised the data of 32 leading indices around the world. The data pertains to few decades (since 1988).
The finding : A strong surge in returns was seen leading into the turn of the month.
It means, the 2 days on either side of the new month represent most of the Positive returns on equity markes for next four weeks. Of...
Hurray.....Schumi is back !! Sadly.....Tiger is away !!!
Can't hold myself ! The World Champion turned Consultant is now back to the grid. It is not just a sport. You need to manage the vehicle, plan your moves, take quick decision (in milli seconds), plan your pit stops etc., to make sure you are finishing and that too first!
His management skills on the wheels is known to all. Unfortunately, he is not representing Ferrari. He has signed up with Mercedes. Whatever team he may represent, he is a master in that sport, undoubtedly.
With Tiger Woods...
Monetary Policy - What the RBI will do?
We have the Reserve Bank of India (RBI) to come out with the next review of the Monetary policy by the end of January 2010. With the expansionary policy last year, the RBI was able to do some justice. The indicators currently points towards reversing or taking back the expansionary policy in the coming review. This may put a cap on the rising prices.
The current liquidity position is good, so we can expect an increase in the interest rates. Whoever looking out to invest in Housing...
Now the perquisites are to be taxed that too effective from April '09
As you are aware that the Fringe Benefit Tax (FBT) was abolished in the recent Finance Bill, which paved way for more tax in the hands of the employees. The taxability has been shifted from the Employer to the employee. This will have an impact on the tax to be deducted from the employees in the coming months till Mar 2010.
According to the new rule, which was notified on Friday (18t-Dec-09) by the Central Board of Direct Taxes (CBDT), the perks like ESOP, residential accommodation, free conveyance,...
Is it worth investing in Gold now?
Gold had a fantastic bull run during the current year (2009) and people started investing in this category apart from the normal Equity markets. I read an article in the Equitymasters, that the Gold's Bull run may continue in the future also. I earlier suggested that one should have Gold as part of their investment portfolio, as it will not let you down. The article is written by Porter Stansberry, chief of the leading US-based private publishing company, Stansberry & Associates Investment Research....
GST - Get...Set....Take-off
Here I am with an update on what is happening on GST (Goods & Services Tax).
What is GST?
GST stands for Goods & Services Tax. It will replace Excise Duty, Customs Duty, Sales Tax, VAT, Services Tax, Luxury Tax, Entertainment tax, Cesses charged by States, etc.,). Stamp Duty, Toll Fee, Passenger Tax, Road Tax are not part of the GST. It will be a simplified tax, which can be easy to administer across the states in India.
As you know that the Government is keen in rolling out...
Back after a Gap
Friends,
Apologies for not posting during the last few weeks. Occupied with some official work. Here I am with the postings, with lot of interesting things happening. I may be covering the following during the next 2 weeks:
GST - Recommendation by the empowered committee
GST - What the PM team wants
Is it good to invest in Gold
Where the Stock Market is heading?
Taxing the perquisites - Only 3 months remaining
Monetary Policy - current situation and expectation
Any other thing that crops up during...
Telangana like incident - Impact on our economy
When the world is looking at consolidation, only Indian politicians can think of disintegration. All done for political mileage or camouflaging the situation. Thanks to the media, the citizens are now aware of what is happening in the country. When the government announced that they will consider splitting Andhra into 2, I was shocked. What an Idea sirji !
What will happen when you have two states in the place of one. Two elections ! If in case the government is minority,...
Subscribe to:
Posts (Atom)
