JavaTechies / Personal Finance

This financial year 2013 could be Income Tax rules game changer for history of financial system of india. b'cos the ITSlab are not changed since first dream budget 1997 was published but it could be change,specially add more slabs for attack the rich peoples. Mr Chidambaram said tax rates that were announced in 1997 (in the Budget he had presented then), have remained and have survived four governments and four finance ministers. India taxes income at three rates ~ 10 per cent, 20 per cent and 30 per cent. These rates were fixed in 1997. Let's go to back to first dream budget of year 1997 and see the income tax slab until now. Income tax rule since dream budget

We, always spend our money when it's required .sound same for tax saving proof. nowadays,most of all salaries/self employee are working for collecting/submitting tax saving proof to employer, time period is JAN-FEB peak month for tax saving proof. So, let's understand which are the tax deduction available as per indian tax rule and it's little nature. 80C Nature of Deduction: This section has been introduced by the Finance Act, 2005. Broadly speaking, this section provides deduction from total income in respect of various investments/expenditures/payments in respect of which tax rebate u/s 88 was earlier available. The total deduction under this section is limited to Rs.1 lakh only. 80D Nature of Deduction: Payment of medical insurance premium. Deduction is available upto Rs.15,000/ for self/ family and also upto Rs. 15,000/- for insurance in respect of parent/ parents of the assessee. Remarks: The premium is to be paid by any mode of payment other...

    (I) Introduction to Rajiv Gandhi Equity Savings Scheme, 2012 1) What is Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS)? With an objective to encourage flow of savings of the small investors in domestic capital market, the Government of India announced a scheme named Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS). 2) Does RGESS offer any tax benefits? A new section 80CCG under the Income Tax Act, 1961 on ‘Deduction in respect of investment under an equity savings scheme’ has been introduced to give tax benefits to ‘New Retail Investors’ who invest up to `50,000 in ‘Eligible Securities’ and have gross total annual income less than or equal to Rs.10 Lakhs. 3) Who is a ‘New Retail Investor’? A ‘New Retail Investor’ is any resident Individual  ü who has not opened a demat account and has not made any transactions in the equity or derivative segment as on the date of notification of the scheme i.e., November 23, 2012. OR ü ...

Today, I went to deal  with an agent for one vacant land property and that was came under the TDR,  Lets see how it's work  Transferable development rights (TDR) is a step taken by the State Government to ease congestion problems in the city. TDR envisages permitting an additional floor area ratio (FAR) to owners of land acquired for road widening. With TDR, the city corporations are empowered to relax building bye-laws to benefit property owners. In case an owner gives up his vacant land voluntarily, instead of compensation, he will be given an additional FAR that will be 1.5 times the size of the plot. The FAR can be used either by the owner to extend his building or can be traded for a price. A Development Rights Certificate (DRC) will be issued to the property owner. This, in turn, will be a legal document for the owner to trade. According to TDR, authorities can consider relaxing setbacks and coverage area to the tune of 50 per cent. This applies to ...

In first part of Java-Salesforce integration, First challenge is to access the documents list from salesforce application. Salesforce is best cloud base Customer relationship management (CRM) Software and you should check www.salesforce.com for depth learn it. Here, For the backend implementation, I have used JAVA and to connected to salesforce and there is  option to use the Web Services Connector (WSC). Web Services Connector (WSC) is a code-generation tool and runtime library for use with Force.com Web services. WSC uses a high-performing Web services client stack implemented with a streaming parser. It is the preferred tool for working with salesforce.com APIs. I have used SOAP API of salesforce for work on my challenge. The Force.com SOAP API lets you create, retrieve, update, or delete document etc, including query, search and marge call. You can download support library for salesforce SOAP API from  http://code.google.com/p/sfdc-wsc/...

Coming soon..