india

Indian Budget - For tax payers

Posted July 7, 2009 - 11:00 by isohelpline
Individuals:

  • Men: Exemption limit increased from Rs. 1,50,000 to 1,60,000
  • Women: Exemption limit increased from Rs. 1,80,000 to 1,90,000
  • Senior Citizen: Exemption limit increased from Rs. 2,25,000 to 2,40,000
  • 10% surcharge applicable above income of 10 lac also removed.
  • Wealth tax now payable above taxable wealth over Rs. 30 Lac instead of 15 lac.
  • Advance tax to be paid only if tax liability is over rs. 10,000 instead of 5,000 earlier.

The great Indian budget and the Market

Posted July 7, 2009 - 10:36 by isohelpline
This year, and may be first time in last 18 years budget has not talked about divestment. Stock market always looks for some key terms in the budget (like Google search engine while indexing a site) and when it did not find its favourite term "divestment" or "dis-investment", it crashed.

Educational Reforms

Posted June 26, 2009 - 22:49 by isohelpline
India is now discussing changes in educational system. It is proposed to make 10th standard exam optional so as to reduce burden on the students. But will it really solve the problem faced by Indian education system today?

At present there are many systems operational in India. For example:

Mr. Obama, Look at these figures

Posted June 20, 2009 - 09:12 by isohelpline
Dear Mr. Obama,

I do not write long letter but simple to the point giving opportunity to readers to think. Your quot regarding Buffalo and Banglore (or Bangaluru) is well known. When making that quot, you probably had a brief of IT export figures relating to India.

India has IT export of about $52b of which $48b comes from US alone. Knowing this simple figure can let any body think that India is gaining on account of loss to US citizens. But that fact is far from it.

Chinese Dragon : Killing India

Posted June 18, 2009 - 11:43 by isohelpline
Cheap Chinese products or imitations are widely sold in India. You can find them in your nearest “China Bazaar” shops or even on footpaths near every railway station or bus stop.

These products are cheap for three reasons, first they are inferior in quality, second they are imitations of the branded products of similar design and third they are brought in India by under-declaring its value and there by paying less tax.

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