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Saturday, August 28, 2010

Live Cricket Match Score India vs on Internet to view

To view live score of cricket match

Pls visit www.cmdn.com

also try www.timesofindia.com

Common wealth games songs 2010 A R Rehaman for CWG Launch for games Schedule

A. R Rehmaan unveils the Common wealth games song for the mega event

Jeeyo, Badho, Utho, Jeeto is the name of song....India Bula raha hai...lagi re lagi lagan...

Commonwealth Games 2010 Anthem

Swagatham

Yaaro India bula liya

A.R. Rahman announced the release of CWG theme song “Swagatham” in New Delhi. The song is currently not completed yet as Rahman is doing final touches to the most awaiting song of India. According to Rahman, his song will beat and go beyond the Shakira’s Waka-Waka Song, which she sang for Fifa World Cup 2010. Since the song is not energetic, I don’t think it can beat Waka-Waka for some people. The song is dedicated to Mahatma Gandhi.

CWG theme song should be alike the popular song of late 1980′s “Mile sur mera tumhara“.

Lyrics

The song is not released publicly yet. But the first line of the song is “Yaaro India bula liya“.

Will it be in English or Hindi ?

‘Swagatham’ is written in Hindi with a few English words

Who is the Lead Singer ?

A.R. Rahman

Download Link ?

I will provide a link to download CWG theme song in Mp3 Format (320kbps) as soon as it releases.

Friday, August 27, 2010

Direct Tax Code Bill 2011 Highlights Income tax slab Structure 2011 of budget bill rates 11-12

Direct Tax Code 2011 | Direct Tax Code India 2011 | Direct Tax bill

A windfall for taxpayers from the next financial year. You will in fact have to pay less Direct taxes in every slab of income. This comes with the Cabinet clearing the Direct tax code which will be introduced in Rajya Sabha, and referred it to a select committee, during the monsoon session.

It has been referred to the Select Committee, and will be introduced in Rajya Sabha on Monday. The new provisions under the Direct Tax Code are as follows:

Tax for income between Rs. 2 lakh – Rs. 5 lakh: 10%

Tax for income between Rs. 5 lakh – Rs. 10 lakh: 20%

Tax for income over Rs. 10 lakh: 30%

The limit for exemptions for salaried people is Rs. 2 lakh, while that for senior citizens is Rs. 2.5 lakh.

orporate tax has been kept at 30%.

The new Code comes into effect from April, 2011.

After the approval of the Cabinet, the decks are cleared for tabling the legislation in the Monsoon Session of Parliament so that the new Act ushering in reduced tax rates and exemptions may come into effect from next fiscal.

When enacted, the Code will replace the archaic Income Tax Act and simplify the whole direct tax regime in the country.

The Code aims at reducing tax rates, but expanding the tax base by minimising exemptions.

The Finance Ministry had earlier come out with a draft on the (Direct Tax Code) DTC bill, some of whose provisions drew strong criticism from industry as well as the public.

To address those issues, the ministry brought out the revised draft, dropping earlier proposals of taxing provident funds on withdrawal and levying Minimum Alternate Tax on corporates based on their assets.

“As of now, it is proposed to provide the EEE (Exempt-Exempt-Exempt) method of taxation for Government Provident Fund (GPF), Public Provident Fund (PPF) and Recognised Provident Funds (RPF) …”, the revised DTC released by the Finance Ministry said.

The revised draft also puts pensions administered by the interim regulator PFRDA, including pension of government employees who were recruited since January 2004, under EEE treatment.

The first DTC draft had proposed to tax all savings schemes including provident funds at the time of withdrawal bringing them under the EET (Exempt-Exempt-Tax) mode.

Under the EEE mode, the tax exemption is enjoyed at all the three stages – investment, accumulation and withdrawal.

The earlier DTC draft had proposed to reduce the corporate tax to 25 per cent from the present 30 per cent. The revised proposal has also made it clear that tax incentives on housing loans will continue. Payment on interest on housing loans up to Rs. 1.5 lakh will continue. The earlier draft was silent on housing loans.

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