Sunday 26 May 2013

[www.keralites.net] Quotes

 
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[www.keralites.net] Khatte-mitten khabhrain from around the world for 27/5/13

 

 
Kerala panchayat peon return as its president..
 
Hailing from a poor family, Sainaba began her career as a part-time sweeper from 1977 and had served in five panchayats in last grade posts before retiring as peon from the Kodiyathur panchayat in 2010. Post-retirement, she contested elections as an independent an independent candidate. "Becoming the president of the panchayat was beyond even my wildest dreams. It was poverty which made me take up the job of part-time sweeper in 1977, at a time when not many women from our community would come into the public sphere", says she.
 
(Me: Three cheers to the lady!)
 
**
 
Funniest tweet on the cricket scam, by popular character actor, Anupam Kher: "Once all arrests are done the league will be played between Arthur Road Indians and Tihar Dare Devils"
 
(Me: To the uninitiated, 'Arthur Road' and 'Tihar' are the premier prisons in Mumbai and Delhi respectively and the names signify the areas where the jails are located)
 
**
 
Chidanand Rajghatta, TOI's US bureau chief on brain drain…
 
The term "brain drain" has gone into disuse, defeated by arguments that large-scale Indian emigration has actually resulted in "brain circulation" if not "brain gain", and in any case, brain drain is better than brain a drain, a suggestion that if our academic cream had remained in India, it would have curdled!
 
**
 
Another take on the IPL tamasha that mercifully ended...

Pepsi is not going to sponsor IPL 7. Whisper has stepped in as IPL is going through its worst 'period'.
 
 
**
 
Tongue in cheek…
 
"Corruption is like a ball of snow, once it's set a rolling it must increase" – Charles Caler Colton.
 
**
 
 
"We hang petty thieves and appoint the bigger thieves to public office" – Aesop, Green slave and fable author.
 
**
 
Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel" – John Quinton.
 
**
 
What happened if a politician drowns in a river?
 
That is pollution.
 
What happens if all of them drown"
 
That is solution.
 
(Author unknown plz..)
 
**
 
A beggar woman was sitting on the roadside, holding a child and weeping.
 
Passer-by: "What is the matter. Why are you crying?"
 
Woman: The baby and I are both are starving. We have no eaten for two days because I have no money.
 
The man searched in his pockets and brought out a Rs.500 note. "I only have this note. You take it and go buy milk for your child and food for yourself, sufficient for the next two days. Return me the change. I'll stay here and look after your child," said the passer-by. The woman did as instructed, and returned the man Rs.280 change.
 
Passer-by (to himself): Charity is truly a wonderful thing. The baby has got milk, the woman has got food and I have got rid of that fake Rs.500 note.
 
**
"I'm getting a divorce," said Jack to his mate, Bill. "The wife hasn't spoken with me for six months."
 
Bill thought for a moment and then replied, "Just make sure you know what you're doing, Jack. Wives like that are hard to find".
 
**
 
From the world of science..
 
Plant-based 'eggs' for vegetarians.
 
New York: Veg egg! In a good news for vegetarians, a US company says it is developing nutritious eggs from plant material as substitutes for chicken eggs.
 
(Indians and doubting Thomases and assorted suspicious creatures that abound in the Third World: Monsanto is coming!, Monsanto is coming in new avatar!!)
 
**
 
What's good about almonds?
 
Almonds are on the short list of super foods. 25g of almonds provide over 75% of the RDA and vitamin E. Almonds are the highest source of calcium among all nuts. They are also a good source of vitamin B17, an anti-cancer nutrient. Almonds are a good source of magnesium, zinc, iron, potassium and fibre.
 
**
 
Peanuts are a good source of dietary protein, which compose fine quality amino acids that are essential for growth and development.
 
*/
 
The probiotics (beneficial bacteria) in yogurts balance the microflora in your gut, which aid with digestion.
 
**
 
News of the day…
 
Heat wave kills 206 in one day in Andhra Pradesh.
 
Hyderabad: For the sixth consecutive day, AP witnessed a large number of heat wsave deaths. As many as 207 people were reported dead across the state only on Sunday
 
 
**
Weird world…
 
Frozen yogurt for dogs created in salmon and other non-veg flavours.
 
Two brothers have made salmon and beef flavor frozen yogurts for dogs. Roman and Raul Krohn, who are from Germany, have come up with a scrummy salmon and beef flavoured dessert for canines after concocting an unusual recipe.
 
**
 
Police clear scooter man who wears only thong, cape.
 
Madison: A man who wears thong underwear and a cape while riding his scooter through Wisconsin's capital city may be a strange sight. But police say he isn't breaking any laws. Earlier this month, staff at JFK Elementary School in Madison called officials after the man rode by in his unmentionables while students were walking to a bus.
 
**
 
"Integrity is the essence of everything successful" – Richard Fuller
 
(Me: The biggest joke of our times)

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[www.keralites.net] E-Filing of IT Return mandatory for Individuals having Total Income of more than Rs.5 Lakhs

 

The Central Board of Direct Taxes (CBDT) is Spreading e-tax net through Notification dated 34/2013 dated 01.05.213 (CBDT notification is provide at the end of this mail for your easy reference) E-filing of I-T returns is now mandatory for individuals, including salaried taxpayers, earning more than Rs 5 lakh taxable income during the financial year ended March 31, 2013. Earlier the same was mandatory for the Individuals having salaried Income more than 10 Lakhs.
CBDT's earlier notification that salaried Individual having Income less than 5 Lakhs need not to file Income tax returns continues to be in force. Therefore salaried Individual earning less than Rs 5 lakh and whose saving bank interest income is less than Rs 10,000 in a year will need not to file Income Tax returns. However, if an employee has switched jobs during the financial year, then this leeway of tax filing exemption is not available. Since there is a condition to get the exemption that the employer has discharged the entire tax liability through deduction of tax at source and deposited it with the government there is very chance that either of the employers will not discharge entire tax liability due to lower tax calculations at their end.
After the above said new notification comes into force income tax return filing is mandatory for three types of individuals having salaried income:
i) Individuals having salaried income over 5 lacs
ii) Individuals having salaried income over 5 lacs switch over their job during the financial year.
iii) Individuals having salaried income less than 5 lacs switch over their job during the financial year.
iv) Employees having income less than over 5 lacs but having other incomes and/or having interest income over 10000.
For the first two categories of employees e-return filing is mandatory. For the other category of individuals e filing is mandatory if their total income exceeds Rs. 5 lacs. Simultaneously e-filing of I-T returns also helps speed up the process of granting refunds to taxpayers – the processing is carried out at the CPC-Bangalore.
After making the income tax return mandatory for the individuals having total income over 10 lacs, IT department needs to extend the time limit for return filing of individuals from 31st July to 31st August (for 1 Month) due to non availability of access of website of the tax department which enables e-filing of returns. As per IT department there is about 18 lacs of individuals who file return between 5 lakhs to 10 lakhs which gather more traffic in the e-return filing website in this AY. It's a good step by the IT department to gear up the Income tax return processing but a question that how the department's website handles such huge traffic especially during the peak return filing season.
Through the same notification, the CBDT has also introduced e-filing of tax audit reports, transfer pricing (TP) reports and Minimum Alternate Tax (MAT) certificates. Earlier, while e-filing of I-T returns was mandatory for India Inc, these reports had to be physically filed at the local tax offices
Best Regards
Prakash Nair
INCOME-TAX (THIRD AMENDMENT) RULES, 2013 – AMENDMENT IN RULE 12 SUBSTITUTION OF FORMS SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4 AND ITR-V
NOTIFICATION NO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013
In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—
1. (1) These rules may be called the Income-tax (3rd Amendment) Rules, 2013.
(2) They shall be deemed to have come into force with effect from the 1st day of April, 2013.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 12,—
(a) in sub-rule (1),-
(A) for the figures "2012″, the figures "2013″ shall be substituted;
(B) in item (a),—
(i) in sub-item (iii), after the words "income from race horses", the words "and does not have any loss under the head" shall be inserted;
(ii) for the proviso, the following proviso shall be substituted, namely:—
"Provided that the provisions of this clause shall not apply to a person who,-
(I) is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
(i) assets (including financial interest in any entity) located outside India; or
(ii) signing authority in any account located outside India;
(II) has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) has income not chargeable to tax, exceeding five thousand rupees.";
(C) in clause (ca), for the proviso, the following proviso shall be substituted, namely:—
"Provided that the provisions of this clause shall not apply to a person who,-
(I) is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
(i) assets (including financial interest in any entity) located outside India; or
(ii) signing authority in any account located outside India;
(II) has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) has income not chargeable to tax, exceeding five thousand rupees.";
(b) in sub-rule(2), the following proviso shall be inserted, namely:-
"Provided that where an assessee is required to furnish a report of audit under sections 44AB, 92E or 115JB of the Act, he shall furnish the same electronically.";
(c) in sub-rule (3), in the proviso,-
(A) in clause (a),—
(i) for the words "an individual or a hindu undivided family", the words "a person, other than a company and a person required to furnish the return in Form ITR-7″ shall be substituted;
(ii) for the words "ten lakh rupees" the words "five lakh rupees" shall be substituted;
(iii) for the figures "2012-13″, the figures "2013-14″ shall be substituted;
(B) after clause (aaa), the following clause shall be inserted, namely:-
"(aab) a person claiming any relief of tax under section 90 or 90A or deduction of tax under section 91 of the Act, shall furnish the return for assessment year 2013-14 and subsequent assessment years in the manner specified in clause (ii) or clause (iii);"
(C) in clause (b), after the words, brackets and figure "in clause (i)", the words, brackets and figures "or clause (ii) or clause (iii)" shall be inserted.
(d) in sub-rule 4, after the words, brackets and figures "of sub-rule (3)", the words and figures "and the report of audit in the manner specified in proviso to sub-rule (2)" shall be inserted.
(e) in sub-rule (5), for the figures "2011″, the figures "2012″ shall be substituted.
3. In the said rules, in Appendix-II, for "Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4 and ITR-V, the "Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4 and ITR-V" shall be substituted.

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Re: [www.keralites.net] തിന്നുകയുമില്ല തീറ്റിക്കുകയുമില്ല

These CPIM govt. had gone and caught Yousuf Ali's leg, body and all parts to solve Smart City Issue.
 
They forgot that due to Mr. Ali interference Smart City is going to be a reality.
 
Ofcouse CPIM is a honourable party

From: Abraham P.c. <pc_abraham1944@yahoo.in>
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Sent: Sunday, May 26, 2013 9:00 PM
Subject: Re: [www.keralites.net] തിന്നുകയുമില്ല തീറ്റിക്കുകയുമില്ല
It is not the first time incident. This is noticed by all of us, because it stops the benefit of many and growth of the country. We have to ignore the backward party or individual who are talking against any progress in the state. Please note, They never say an alternative or a solution to the problem they talk about. They criticize looking at the people who propose the project and not the cause. When will we all be saved from these? Abraham 

From: "Jaleel@alrajhibank.com.sa" <Jaleel@alrajhibank.com.sa>
To:
Sent: Sunday, 26 May 2013 10:47 AM
Subject: [www.keralites.net] തിന്നുകയുമില്ല തീറ്റിക്കുകയുമില്ല