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How to Save Capital Gains Tax (LTCG) when Selling Land / Plot

Posted in Finance, Income Tax, India, Investment.

Buying and Selling of Property, Plots, Flats, Land, Independent Houses, Floors or any other form of residential property is a frequent activity in present scenario. Especially with so much activity in the real estate sector, it has been considered to have given good returns. The attractive home loan schemes have made it even more lucrative. However, the transactions are often subject to complicated income tax structure. Here is one case that may solve some of your queries.

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TEDx Gurgaon Event update

Posted in Education, India, Life, Management, Motivation.

Today, I attended TEDx event here in Gurgaon. It was a very nice experience. Let me give some updates for the event.

TEDx Gurgaon Event

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Income Tax Calculator – Financial Year 2010-2011

Posted in Finance, Income Tax, India.

The new slabs for Income Tax in India were proposed in the Union Budget 2010 by Finance Minister, Pranab Mukherjee. Given the new tax slabs that are expected to be in force from the FY 2010-11 or Assessment Year 2011-12 we have prepared an Income Tax Calculator for financial year 2010-11 for your convenience.
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New Direct Tax Code – DTC – Highlights

Posted in Finance, Government, Income Tax, India, Investment.

The New Direct Tax Code (DTC) is said to replace the existing Income Tax Act of 1961 in India - and would be presented in the winter session of the Parliament. It is expected to be passed in the monsoon session of 2010 and is expected to be enforced from 2011. During the budget 2010 presentation, the finance minister Mr. Pranab Mukherjee reiterated his commitment to bringing into fore the new direct tax code (DTC) into force from 1st of April, 2011.
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2010 Budget update

Posted in Finance, Government, Income Tax, India, Investment, News.

2010 Budget Update: As per budget presented on 26th Feb, 2010, Pranav Mukherjee proposed changes for income tax rate slabs as per below. Also apart from current one lakh investment, additional 20,000 Rs will be non-taxable, if same has been invested in long term infrastructure bonds.

Excise duty on petrol, diesel increase by Re 1/litre, this will increase petrol and diesel price.

Market has responded positively, Sensex up 300 173 pts today.
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Facebook Email in response to Google Gmail Buzz

Posted in Fiction, Internet, News, Technology.

The inevitable has finally happened. The war of Email and Social Networking between Facebook and Google has reached an all time high. Facebook, world’s no. 1 social networking website has quietly launched its dramatically new email service, the FBMail or the Facebook Mail. Some select Facebook users have reported that were surprised to find that their Facebook accounts had a new tab called “email” which had an entire email application built onto it that Facebook calls FBMail. Their existing friends were already included in the address book. The Facebook email application is said to be in beta phase and it may be possible that it would roll out to more users in the months to come.
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Two great movies in two days

Posted in Bollywood, Entertainment, India, Life, Movies.

First day, late night show of Avatar in 3D Ambience’s Hall and then next day first day last show of 3 Idiots. Life could not have asked for more.

Two extremely different movies, one takes you into unheard ocean of imagination and other shows you hard-hitting reality with one of the best comic scenes. Continued…


Trade Mutual funds online from March’10

Posted in Finance, Investment, Mutual Funds.

As per SEBI, they will provide a online system starting March 2010 where investor can buy and sell mutual fund without any intermediaries. For sure, this will make investment process transparent and convenient.
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Life Reclaimed at Bali

Posted in Travel.

Bali is truly unique, in that it is the only Hindu island in Indonesia, a country dominated by Islam. Hinduism is a religion that developed out of the way of life of the people living on the banks of the Indus river in India and Hinduism came to Indonesia many centuries ago. Bali’s more than 95% population is Hindu and they still follow rituals and 4 caste system. Everywhere you go, you will find inspiration of Ramayana, But version of Hinduism that is practiced in Bali differs from that practiced in India.

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My First Adsense paycheck

Posted in Internet.

My First Google Adsense paycheck

My First Google Adsense paycheck

It feels great to earn first paycheck from Google AdSense.



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