As per Section 353 of Karnataka Municipal Corporations Act, 1976, No place within the limits of the city shall be used for any of the purposes mentioned in Schedule X without a license obtained from the Commissioner and except in accordance with the condition, specified therein. This means the …
Read More »Be aware – Taxman is watching
We have discussed about the reasons why one has to be careful while executing high value transactions. The service providers of certain high value transactions are obliged to share the information with Income tax department. So, through this article, let’s examine the list of high value transactions for which …
Read More »Time Sensitive! 5 Ways To Reduce Your Taxes
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 …
Read More »The 61st Filmfare Award South
There are three Filmfare awards namely Hindi Filmfare Award, Filmfare Award South and Filmfare Award East. Filmfare Award South is an annual event held either at Chennai or at Hyderabad. The award was introduced in 1953 by Times Group to honour both artistic and technical excellence of professionals. Totally, there …
Read More »Why you have to be careful while making high value spending or investments
India is known for its Information Technology in the world. In the process of selling software to the world, they have also (knowingly or unknowingly) sold a software to Income Tax (IT) department. In return, the income tax department is sending notices to the people! We can call it …
Read More »Lesson of Time by Buddha
This is one of the most powerful thoughts I have come across so far. Good to read this thought once a while so as to keep ourselves on the ground and realize the reality of life. LESSON OF TIME – KARMA When a Bird is alive… it eats Ants, When the Bird is …
Read More »Know Your Customer Norms KYC
What is Know Your Customer (KYC)? Simple, this is a synonym for headache! An activity such as opening a bank account, obtaining Directors Identification Number (DIN), Passport, PAN Card, Driving License, Demat account etc. is a headache! Once you open the account or obtain the document, then the …
Read More »The day you get brown colour envelope
Ignorance is not bliss, when it comes to tax and other laws of the land. First – the story We, the middle class people are in short supply of TIME. Everyone, especially in a city like Bangalore is busy throughout the year. Our to-do list only grows longer over …
Read More »Filing of IT return if you have Salary income received from two different company in the same year
I had worked in 2 companies during the last financial year. Can I show the income received only from the last company and file my income tax return? This is the most common question which we come across during the tax filing season from those people who worked …
Read More »Gundayana Kannada Play and Theatre Review
One of my favorite past times is watching dramas. So I thought of writing about drama and theatre through this post. Gundayana is a popular comedy play in Kannada. It is based on the novel ‘Chakradrushti’ written by well known Kannada author Sri.NarayanaKasturi (popularly known as NaaKasturi). NaaKasturi was born in …
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