Know who is the inventor of e-mail? The credit goes to an Indian American V.A. Shiva Ayyadurai who received official recognition as the inventor of the computer program for electronic mail system from the US government August 30, 1982.   Studying at Livingston High School in New Jersey, Ayyadurai began …

This is a very confusing topic. The more you read, the more you get confused. So, to read less and to get less confused, go through this short note! Life Insurance Premium Coverage – For tax benefit u/s 80C of Income Tax Act, Individual Taxpayer can pay life insurance premium …

Good news for employees – The Employees Provident Fund Organization (EPFO) has hiked the minimum salary limit to Rs. 15,000 from Rs. 6,500. The changed rules will be applicable from 1st September 2014.   What it means to employees? Suppose the basic salary of an employee is, say, Rs. 15,000. …

The word ‘Income’ has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility is considered as income. For a businessman, his net profits will constitute income. Income may also flow from investments in …

The provisions of this section states that TDS on sale of Immovable Property should be deducted at source from payment on transfer of immovable properties (other than agricultural land) where the consideration paid or payable is more than Rs 50,00,000/-. Earlier, there was no such deduction in case of immovable …

  Entry Age: The pension is not for youngsters, So the minimum entry age for this scheme of Life Insurance Corporation (LIC) is 60 years. Those who are 60 years old can contribute to this scheme on or before 14th August 2015. Payment: Obtaining this policy is very simple. The …

During my school days, 29 years ago, I used to watch school and inter-school Kabadi matches. After that, it was only yesterday I watched a Pro-Kabadi match at Kanteerava Stadium, Bangalore. Thanks to the organizations for bringing ‘glamour’ to a desi game. Before writing about Kabadi, let’s wish that our …

This question is frequently asked by many clients. Money brought from abroad into NRE and FCNR account – is freely repatriable without any restriction and without any approval from RBI Current Income earned in India – The current income includes dividend earned from shares, rental income, pension, Interest on deposits, …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …