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Showing posts from November, 2016

SOME DAY & ONE DAY!!!!!

LOVELY..... A MUST READ! SOME DAY & ONE DAY A friend of mine opened his wife's wardrobe and picked up a silk paper wrapped package. "This," he said, "isn't any ordinary package." He unwrapped the box and stared at both the silk paper and the box and silk satin dresses inside. "She got this the first time we went to New York , 8 or 9 years ago. She has never put it on , was saving it for a special occasion. Well, I guess this is it." He got near the bed and placed the gift box next to the other clothing he was taking to the funeral house, his wife had just died. He turned to me and said, "never save something for a 'special occasion'. Every day in your life is a 'Special occasion'" I still think those words changed my life. Now I read more and clean less. I sit on the porch without worrying about anything. I spend more time with my family, and less at work. I understood that life should be a sour...

Cash deposits and valuables - IT

Forwarded as received. May be helpful to all. Friends I am N.P.Esaialagan, Chartered Accountant, proprietor Esai&Co Government has to act within the framework of the Income tax Act.  Suddenly new rates for levy of tax cannot be announced arbitrarily. These have to meet the approval of Parliament. If anyone of you have any money which you cannot explain, treat it as income of the current year, pay advance tax on it and include it in your total income for AY 2017-18. At the most you will have to pay about 33% tax. Question of penalty  on declared income cannot arise. Since you voluntarily declared as income For depositing upto 2.50 lac in New Account pls write "Earnings in cash for FY 2016-17 deposited due to demonetization" For depositing in Children Account pls write " Cash gifts received during growing up years deposited due to demonetization" For Depositing Cash in Ladies Account pls write following in Pay Slip n PAN Card Photo copy " S...