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Friday, March 31, 2017

Kalpana Saroj : A Dream On Story

Kalpana Saroj was born in a Dalit family. Even though her father allowed her to get an education, wider family pressures saw Kalpana become a bride at the age of 12 - yes 12 years - when our sons and daughters are getting educated in a convent school - perhaps in 7th or 8th standard - enjoying all possible comforts of life.
She moved to Mumbai to be with her husband who was 10 years older, but was shocked to find herself living in a slum. That she went on to be a Padma Shree awardee, turned around a debt laden company, produced films, has net worth more than $100 million - cannot be just a stroke of luck. It is her grit, determination and ability to consider every negative situation as an opportunity - that defines her destiny today.

Friday, March 24, 2017

Tax Exemption Vs Tax Deduction

If you’ve been foxed by the differences between some common financial terms, you’re not alone. For many years I was confused between the two terms "Tax Exemption" and "Tax Deduction". It all looked the same to me. Understanding the difference is critical to calculate your true tax liability as well as filing the right Income Tax Returns every year...Read on..

Saturday, March 18, 2017

12 Ever-Lasting Lessons from "The Last Lecture" by Randy Pausch

"The Last Lecture" is a New York Times best-selling book by Randy Pausch. The book was born out of a lecture Pausch gave in September 2007 entitled "Really Achieving Your Childhood Dreams". His hypothetical imagination was based on what wisdom would you try to impart to the world if you knew it was your last chance?

I, hereby, list down the 12 Ever-Lasting Lessons that I learnt from this awesome book. I know that I need to keep practicing these learning day in and day out. These learning are worded and appended in a way that makes it easier for most of us to understand and absorb.

If you are interested in reading about such learning from other all time best selling books, you may click here.

Friday, March 10, 2017

Filing IT Returns after death of a Payee

Life can betray you, but not the Income Tax department. 
If any of your closed ones departed recently, remember that it is a legal responsibility of the spouse, legal heirs or family members to file the IT Return on behalf of the deceased for that year. And ignorance of law was never an excuse.