New Changes in the Wealth Tax Law

No wealth-tax on agriculture land :Change in Finance Bill 2013 | SIMPLE TAX INDIA

Please read the above news item.

The Wealth Tax Act  had been amended retrospectively from 01-04-1993 by exempting agricultural lands located with in the 8 km limit of municipalities, Corporations etc with the following two conditions:
1. The land should be used for agricultural purposes.
2. The said land should be shown as agricultural in the revenue records of the state Govt.

This is an important piece of information which should be known to all tax professionals.

Goolam Vahanvati: Attorney general or mob lawyer? - Firstpost: Latest and Breaking News from India, World, Business, Politics, Entertainment and Sports

Goolam Vahanvati: Attorney general or mob lawyer? - Firstpost: Latest and Breaking News from India, World, Business, Politics, Entertainment and Sports

See how the top legal man of the Govt works and his ethics. It is very interesting to read and to know.

I-T returns may require disclosure of all assets - The Economic Times

I-T returns may require disclosure of all assets - The Economic Times

Please kindly go through the above news item. May be it is putting extra burden on CAs this year. But this will help them in the future whenever any survey or search takes place. It will be easy for assessees to explain away all the assets they have. The clients also will not blame the Chartered Accountants if they do not reveal their assets to them and if later found out they have to face the music from the Incometax Department

Saharashri Subrata Roy hits out hard at the SEBI chairman; seeks apology - Moneylife

Saharashri Subrata Roy hits out hard at the SEBI chairman; seeks apology - Moneylife

getting into an accident and coming out of it

I got into two wheeler accident on 28-12-2007 which resulted in complete damage to anterior cruciate ligament and also a fracture. was fully bed ridden for about a month after a surgery at Coimbatore. Only during that period I realised the value every part of the body with which the god had endowed us with. Money, influence etc did not help and only god has been pleased to get me out of this misery at the earliest. Raj

I have changed my view of Europe and India, after a tour of France, Denmark,Belgium and Germany. I was under the impression that all the Europeans are racist, but I found them very congenial , nice to move with. In fact I found them very much interested in knowing about India and Indians. The food was also good and all Indians can adjust with the food available in Europe. The tourist facilities available are excellent. Similarly the law and order situation is very good and people can walk alone even during late night.

Indian cricket

Once upon a time, I was a fanatic cricket fan. Now a days after all the attention and money these players are getting, and after seeing their performance in their main sphere of activity, ie cricket, at the worst, I just cannot stand them. These IBV LIVE and ND TV fellows and other papers should just ignore them for some time. only then they will improve their performance and concentrate on their profession, instead of being models and advertisement oriented market men.