Hope you all rich people are enjoying life and having gala time. Are you aware of Wealth tax. Wealth tax can also be charged if an individual's wealth crosses INR 30 lakh.
This would be taxed at 1% of the wealth.
Wealth tax is liable to : Individuals and companies have to pay wealth tax.
Below are the mentioned assets where you might need to pay tax.
. Residential house (including a guest house) and commercial building;
. Jewellery, gold and other precious metals, including articles made of precious metals;
. Yachts, boats and aircraft (other than those used by the taxpayer for commercial purposes);
. Urban land;
. Cash in hand in excess of 50,000 of individuals
. Motor cars (other than those used in taxpayer's hiring business or used as stock-in-trade).
Below are the mentioned assets where you might Not need to pay tax
. One house or part of a house or a plot of land belonging to an individual or a Hindu Undivided Family;
. A plot of land comprising an area of five hundred square metres or less;
. Any house which is occupied for the purposes of tax payer's own business or profession;
. Any residential property that has been let out for a minimum period of three hundred days in the financial year;
. Any property in the nature of commercial complex/establishment.
To check if there is liablility to pay wealth tax, first compute the market value of the assets.
If there is a loan on property, then the wealth tax payable is the net value minus the outstanding loan amount.
The due date of filing wealth tax return is the same as the one for filing of return of income, which is July 31.
Tuesday, September 13, 2011
Wednesday, September 7, 2011
Opportunity for Java developers in USA
Hi All,
IT Professionals there is an opportunity for Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK
Brief job Role mentioned below:
• he will be Working with other developers to understand requirements and to co-ordinate as a team member in delivering the OMS system roll out
• OO design/programming and design pattern experience.
• Database design and writing stored procedures.
• Requirements gathering, lead the technical design, development and participation in the full system development lifecycle.
Key words: Core Java Developer, Linux, Shell Scripting, Messaging, Sybase, SQL, JMS, Tibco, XML, XSLT, Fixed Income, MBS, Passthrus, Treasuries, CMO.
Candidate must have work experience in Core Java - Messaging and Scripting are seen as a massive plus - although those with limited experience in one with strong experience in the other two will also be considered. The successful and experience Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK.
If you would like to apply for the send your updated CV to Java@selbyjennings.com.
Also you can all on 212.231.8223/0044 207 019 4163 / 0044 207 019 4163.
IT Professionals there is an opportunity for Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK
Brief job Role mentioned below:
• he will be Working with other developers to understand requirements and to co-ordinate as a team member in delivering the OMS system roll out
• OO design/programming and design pattern experience.
• Database design and writing stored procedures.
• Requirements gathering, lead the technical design, development and participation in the full system development lifecycle.
Key words: Core Java Developer, Linux, Shell Scripting, Messaging, Sybase, SQL, JMS, Tibco, XML, XSLT, Fixed Income, MBS, Passthrus, Treasuries, CMO.
Candidate must have work experience in Core Java - Messaging and Scripting are seen as a massive plus - although those with limited experience in one with strong experience in the other two will also be considered. The successful and experience Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK.
If you would like to apply for the send your updated CV to Java@selbyjennings.com.
Also you can all on 212.231.8223/0044 207 019 4163 / 0044 207 019 4163.
Tuesday, September 6, 2011
Accountant Job in US
There is an opportunity for Accountant professionals within the Miami office Sugar Trading Division..
ED&F Man was established in 1783. Today the company is a leading provider of commodities, logistics and risk management services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.
The successful candidate given an opportunity to explore career in global demand for agricultural
RESPONSIBILITIES
• Analyze, review and report on monthly trading profits and overall results.
• Arrange the consolidation and preparation of the regional financial report.
• Understand the divisional trade flows, their impact on cash management, resource usage, statutory reporting and tax planning.
• Liaise between all regions and the Americas Head Office finance department.
• Respond to ad-hoc reporting requests from the CFO.
• Oversee the preparation of annual financial statements and monthly consolidated reports.
• Analyse and verify variances from budget and prepare forecast.
• Prepare daily cash flow forecast.
• Provide solutions and support to Logistics and Trading with ad-hoc queries.
• Prepare weekly analysis of working capital.
PERSON SPECIFICATION
• Bachelor’s Degree in Accounting and/or Finance.
• Bilingual in English and Spanish is a requirement.
• Distribution and/or Trading background would be beneficial.
• CPA preferred.
• 4-7 years experience, ideally split between public accounting and industry.
• Experience of fair value accounting as it relates to forward contracts, futures and options would be preferred.
• People skills are essential; you must be dynamic and have the ability to communicate clearly regardless of audience.
• Familiarity with transfer pricing issues.
• Proficient in Microsoft Office particularly Excel.
ED&F Man was established in 1783. Today the company is a leading provider of commodities, logistics and risk management services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.
The successful candidate given an opportunity to explore career in global demand for agricultural
RESPONSIBILITIES
• Analyze, review and report on monthly trading profits and overall results.
• Arrange the consolidation and preparation of the regional financial report.
• Understand the divisional trade flows, their impact on cash management, resource usage, statutory reporting and tax planning.
• Liaise between all regions and the Americas Head Office finance department.
• Respond to ad-hoc reporting requests from the CFO.
• Oversee the preparation of annual financial statements and monthly consolidated reports.
• Analyse and verify variances from budget and prepare forecast.
• Prepare daily cash flow forecast.
• Provide solutions and support to Logistics and Trading with ad-hoc queries.
• Prepare weekly analysis of working capital.
PERSON SPECIFICATION
• Bachelor’s Degree in Accounting and/or Finance.
• Bilingual in English and Spanish is a requirement.
• Distribution and/or Trading background would be beneficial.
• CPA preferred.
• 4-7 years experience, ideally split between public accounting and industry.
• Experience of fair value accounting as it relates to forward contracts, futures and options would be preferred.
• People skills are essential; you must be dynamic and have the ability to communicate clearly regardless of audience.
• Familiarity with transfer pricing issues.
• Proficient in Microsoft Office particularly Excel.
Monday, September 5, 2011
Singapore Immigration Policy 2011 -2012
Singapore's new immigration policy will be applicable from Jan 2012. It would makes work permits tougher for Indian workers with middle-level skills
The middle, the lower middle level foreigners are on employment pass. The changes will apply to Q1 pass holders, which is the lowest category of employment passes, who have to earn at least S$3,000, up from the current S$2,800. The qualifying salary for P2 employment pass will go up from S$4,000 to S$4,500.
We can expect a moderate impact on Indian workers who apply under the Q1 and P2 categories. These are middle-level professional, managerial, engineering and technical talents.
However, typically, workers from India come with better qualifications and complement the local talent; therefore they command a relatively better salary. The reason of this change in regulations is to tighten the eligibility requirement for entering lower and mid-level jobs. this way the hiring process will include better educational qualifications and higher qualifying salaries. The changes are also likely to impact small and medium enterprises in singapore. While considering global slowdown already affecting business and economy, this policy will push up wage cost.
there will be more selective process than before in granting employment permits to foreigners and their requirements have been made more strict with regards to education qualifications, type of college/university, experience etc. If a company feels the person has the required skills, the additional salary requirement will be taken into consideration and some modifications or arrangement will be done.
The middle, the lower middle level foreigners are on employment pass. The changes will apply to Q1 pass holders, which is the lowest category of employment passes, who have to earn at least S$3,000, up from the current S$2,800. The qualifying salary for P2 employment pass will go up from S$4,000 to S$4,500.
We can expect a moderate impact on Indian workers who apply under the Q1 and P2 categories. These are middle-level professional, managerial, engineering and technical talents.
However, typically, workers from India come with better qualifications and complement the local talent; therefore they command a relatively better salary. The reason of this change in regulations is to tighten the eligibility requirement for entering lower and mid-level jobs. this way the hiring process will include better educational qualifications and higher qualifying salaries. The changes are also likely to impact small and medium enterprises in singapore. While considering global slowdown already affecting business and economy, this policy will push up wage cost.
there will be more selective process than before in granting employment permits to foreigners and their requirements have been made more strict with regards to education qualifications, type of college/university, experience etc. If a company feels the person has the required skills, the additional salary requirement will be taken into consideration and some modifications or arrangement will be done.
Sunday, September 4, 2011
XAT Notifications 2012
XAT 2012 will be held on 8th January, 2012.
XAT 2012 Prospectus available from September 20, 2011 till November 30, 2011.
The online registration for XAT and XLRI will start from September 20, 2011.
XLRI Jamshedpur(School of Business and Human Resources)invites application for XAT 2012 (on Sunday, 08 January 2012)and the academic programmes of XLRI.
XAT scores used by more than 70 management institutes across the country for admitting students to different postgraduate management courses of respective institutes.
Online registration for XAT 2012 can be done from September 20, 2011 till November 30, 2011. Applicants have to apply separately to institutes of their choice.
XAT 2012 Prospectus available from September 20, 2011 till November 30, 2011.
The online registration for XAT and XLRI will start from September 20, 2011.
XLRI Jamshedpur(School of Business and Human Resources)invites application for XAT 2012 (on Sunday, 08 January 2012)and the academic programmes of XLRI.
XAT scores used by more than 70 management institutes across the country for admitting students to different postgraduate management courses of respective institutes.
Online registration for XAT 2012 can be done from September 20, 2011 till November 30, 2011. Applicants have to apply separately to institutes of their choice.
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