Investment Valuation in India

Given the financial crunch that most governments are going through, there is one thing that seems to be an easy route - imposing higher taxes on the richer people. Earn more pay more taxes. This has been hotly debated across the world and India is no exception. From the times of Robin Hood, squeezing the rich and passing on the benefits to the poor has had an emotional appeal - partly because they have it and so they can pay and partly because they are always a minority, so politicians can save their back by not adversely affecting the poor, usually their vote banks. However, there have been numerous studies that has shown that there are better alternatives than taxing the rich. Higher taxes for the richer is usually counter productive in the long run as it encourages tax evasion and is a disincentive to work. Also, usually it is ineffective since the rich can plan their taxes effectively and can often save taxes. As of 31s March 2011, the number of effective tax payers in India...

Hi, Check out this link on Accountants' Adda where in I explain about the Lock in period for Tax Saving SIPs in India. Accountants' Adda | Lock In Period for Tax Saving SIP

Hi, Please visit my article on Profitability Index on Accountants Adda. Accountants' Adda | Profitability Index

Hi, Do read my article on Independent Directors as mentioned in the Companies Bill 2011 (passed in Lok Sabha as of Dec 2012) Accountants' Adda | Companies Bill 2011 - Independent Directors

Accountants' Adda | Deduction at a lower rate or non-deduction of tax in case of salaries As per Section 192 of the Income Tax Act, an employer is required to deduct tax at source on the amount payable to the employee at the average rate of income tax. Unlike other payments, in case of salary, TDS is deducted only at the time of PAYMENT of salary.  This is to be computed on the basis of rates in force for the financial year in which payment is made. Section 197 enables a tax payer to make an application to his Assessing Officer for deduction of tax at a lower rate or non deduction of tax. The application has to be made in   Form No.13  (vide Rule 28(1)).    If the Assessing Officer is satisfied that the total income of a tax payer justifies the deduction of income tax at any lower rate or no deduction of income tax, he may issue a certificate in   Form No. 15AA   (relevant Rule 28AA) providing for deduc...

TIPS FOR CRACKING GROUP DISCUSSIONS (GDs)   Companies and Institutes are increasingly resorting to Group Discussions (GDs) as important screening criteria for selection of students / personnel.   What is GD? Group discussion is a process where a small group of people (usually between 6 – 10) debate upon a given topic and exchange ideas and share their opinions. The process involves a tester / observer who observes the participants and accordingly decides who should be selected among the group. Remember, it is possible that none or multiple participants are selected. GD helps the tester evaluate the communication skills, interpersonal skills and leadership skills of the participants at a glance. It also helps in mass screening of participants. Points to take care of while appearing for GD: General Professionalism Dress appropriately (formally) Arrive in time Sit straight, avoid leaning back on to the chair or tapping the table with pen or your fingers A...