"Destiny is not a matter of chance,
it is a matter of choice;
it is not a thing to be waited for,
it is a thing to be achieved."

Sunday, February 19, 2012

SECTION CODE DESCRIPTION TDS rate for the FY 2011-2012. 


TAX SUCHARGE (Only Non Domestic Company) EDU. CESS HIGHER EDU. CESS Limit for Tax Deduction
193 Interest on securities 10% 0% 0% 0% Rs. 2500
194 Dividends 10% 0% 0% 0% Rs. 2500 (No Tax to be Deducted if DDT Has been Paid U/s 115-O)
194A Interest other than Interest on Securities 10% 0% 0% 0% Banking Company / Co-operative society / Post Office- Rs. 10000           Others - Rs. 5000
194B Winning from Lottery or Crossword Puzzle 30% 0% 0% 0% Rs. 10000
194BB Winning from Race Horse 30% 0% 0% 0% Rs. 5000
194C Payment to Contractor and Sub- Contractors 1% (in Case of Individual and Huf) /In other Case 2% 0% 0% 0% Rs. 30000 in a single payment or Rs. 75000 in aggregate
194D Insurance Commision 10% 0% 0% 0% Rs. 20000
194EE Deposits under NSS 20% 0% 0% 0% Rs. 2500
194F Repurchase of Units by Mutual Fund or UTI  20% 0% 0% 0%  
194G Commission on sale of Lottery Tickets 10% 0% 0% 0% Rs. 1000
194H Commision or Brokerage 10% 0% 0% 0% Rs. 5000
194I Rent 2% in Case of Rent of P&M / In other Case it is 10%  0% 0% 0% Rs. 180000
194J Fees for Professional or Technical Services 10% 0% 0% 0% Rs. 30000
194K Income in respect of units 10% 0% 0% 0% Rs.2500
194LA Compensation on acquisition of immovable property 10% 0% 0% 0% Rs. 100000
6CA Alcholic Liquor For Human Consumption 1% 2.5%* 2%* 1%* No Exemption Limit TCS
6CI Tendu Leaves 5% 2.5%* 2%* 1%* No Exemption Limit
6CB Timber obtained Under a Forest Leade 2.5% 2.5%* 2%* 1%* No Exemption Limit
6CC Timber obtained (other than Forest) 2.5% 2.5%* 2%* 1%* No Exemption Limit
6CD Forest Produce (other than Tendu Leaves) 2.5% 2.5%* 2%* 1%* No Exemption Limit
6CE Scrap 1% 2.5%* 2%* 1%* No Exemption Limit
6CF Parking Lot 2% 2.5%* 2%* 1%* No Exemption Limit
6CG Toll plaza 2% 2.5%* 2%* 1%* No Exemption Limit
6CH Mining And Quarrying 2% 2.5%* 2%* 1%* No Exemption Limit
* Note: For Non Salary and TCS * For the purpose of Tax Deduction/Collection  Surcharge, Education Cess and Secondary And Higher Cess is not required to deduct/Collect if Payment made/Collected to Resident and for other than Salary. In case payment Made to Non Domestic Company than Surcharge (@2% If payment exceed from 1.00 Crore)  Required to be Deducted
* In case payment made to Non Resident , Education Cess And Secondary And Higher Cess required to be Deducted/Collected.
 

Wednesday, February 15, 2012

How to Strengthen the Balance Sheet

1. More Equity More Power in the Balance Sheet

If any company has low equity share capital than expected fund needed for investment, its balance sheet will become weak. But, if company see this weak-point and issue new shares and gets good response from market. It will increase its cash liquidity. With this, working capital will also increase. Company can use it also for paying short term expenses and buy new equipment for completing the projects.

2. More Repay of Loan More Power in Balance Sheet

Second way of strengthening the balance sheet is to repay all long term loan. Loan is just tension for company. More delay for repayment of loan will surely weak to your balance sheet. If you will become unable to repay, you can face liquidation problem. So, if you got high profit from business and repay all your debt, it will increase the power of your balance sheet.

According to Mark Luden, President of Guitammer

"The reduction of debt, increased equity and ensuing improved cash flow, gives us the opportunity to grow our core ButtKicker® brand product business and more importantly, begin to take advantage of the unique opportunities we see for our patented ButtKicker Live®! broadcast technology. The support from our new investors and existing creditors has been very encouraging and continues to validate the strategic path we are on to fundamentally change the world of broadcast sports."
By: http://www.svtuition.org

Friday, February 10, 2012

परदेस में फागुन.....

इस बरस मौसम
कुछ अलग से रंग में है
बाहर बर्फ़ की सफ़ेद चादर बिछी है
और मन है कि
फागुन की तरंग में है
भँवरा बन के उड़ रहा है
फूलों की क्यारी में

कभी आम के बौर से लदी शाखें
पास बुलाती हैं
कभी सरसों के पीले खेत
हाथ हिलाते हैं
लाल, पीले, नीले, बसंती,
कितने रंग बिखरे होते थे
घर के आँगन में
और जब कोई
मुठ्ठी भर रंग लेकर
पीछे आता था
तो हम घबरा के कहते थे
"बस ज़रा-सा गुलाल"

आज मन उन स्मृतियों से
घिरा बैठा है
क्या होता है ना मन भी
बस वही माँगता है
जो बस में नहीं है
काश!
इस बरस तो फागुन
कुछ चटख रंग लेकर आए
बाहर बर्फ़ की सफ़ेद चादर ही सही
अंतर्मन तो सतरंगी हो जाए

-सारिका सक्सेना