Live Webcast for Tax Amendments - IPCC

ICAI conducting live webcast for Tax Amendments in May 2014 Exams

IPCC         : 29th Mar 2014 from 1:00 PM to 5:00 PM
CA Final   : 5th April 2014 from 1:00 PM to 5:00 PM

These webcast can be viewed online on the time specified above on  www.icaitv.com

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Amended Taxation Material - IPCC - May 2014

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Anger & Love Has no Limits ~ A Short Story ~ Must Read

While a man was polishing his new car, his 6 yr old son picked up a stone and scratched lines on the side of the car. In anger, the man took the child's hand and hit it many times; not realizing he was using a wrench.

At the hospital, the child lost all his fingers due to multiple fractures. When the child saw his father.....with painful eyes he asked, 'Dad when will my fingers grow back?' The man was so hurt and speechless; he went back to his car and kicked it a lot of times. Devastated by his own actions.......sitting in front of that car he looked at the scratches; the child had written 

'LOVE YOU DAD'.

The next day that man committed suicide. . .

Anger and Love have no limits; choose the latter to have a beautiful, lovely life..... Things are to be used and people are to be loved. But the problem in today's world is that, People are used and things are loved....Let's be careful to keep this thought in mind:

Things are to be used, but People are to be loved. 

Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits they become character;Watch your character; it becomes your destiny. I'm glad a friend forwarded this to me as a reminder. God bless you. If you don't share this on nothing bad will happen; if you do, you might change someones life.

Building hostels for women, orphans to be CSR activity

Setting up of hostels for women and orphans as well as efforts that benefit armed forces veterans, war widows and their dependents will come under the 'Corporate Social Responsibility' spending ambit. 

With the government notifying norms for CSR spending by companies, Corporate Affairs Minister Sachin Pilot today said the rules have been finalised after extensive discussions with all stakeholders. 

The new CSR regime, part of the Companies Act 2013, requires certain class of corporates to shell out at least two per cent of their three-year annual average net profit towards social welfare spending activities. 

Besides setting up homes and hostels for women and orphans, setting up old age homes, day care centres and such other facilities for senior citizens would be considered as CSR activities by the government. 

Significantly, "measures for reducing inequalities faced by socially and economically backward groups," would also come under CSR ambit. 

Further, measures initiated by companies for the benefit of armed forces veterans, war widows and their dependents would be classified as social welfare spending by companies. 

Both domestic and foreign companies having net worth of at least Rs 500 crore or having minimum turnover of Rs 1,000 crore or those with at least net profit of Rs 5 crore, have to make CSR spend. 

Another area included in the CSR framework is promoting preventive health care and sanitation and making available safe drinking water. 

Commenting on CSR rules, Pilot further said they "provide for the manner in which CSR Committee shall formulate and monitor the CSR Policy, manner of undertaking CSR activities, role of the Board of directors therein and format of disclosure of such activities in the board's report". 

As per the notified rules, ensuring ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water can also be CSR initiatives. 

In addition, livelihood enhancement and rural development projects would be under CSR framework. 

Other areas covered include protection of national heritage, art and culture, setting up public libraries, promotion and development of traditional arts and handicrafts, training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports. 

"Contributions or funds provided to technology incubators located within academic institutions which are approved by the central government," would also be considered as CSR activities, according to the rules.

Source : Business - Standards 

e-Learning DVDs available for CPT, Intermediate (IPC) and Final Courses

The Board of Studies, the academic wing of the Institute, had made available online e-Learning

facility on the Students Learning Management System (LMS) at http://studentslms.icai.org last year

to enable students to learn at their convenience anytime and anywhere. The Students LMS provides

a dashboard of e-Lectures available, attempted and completed, to track the learning and

development by the Students. The LMS also has a Self Assessment Quiz Chapter and Subject wise, to

enable students to make a self-assessment of their preparation. There has been a very encouraging

response and acceptance for this initiative with a steady growth by the day.

The Board of Studies is pleased to inform availability of the following five DVDs that aim to enable

Students to learn at their convenience anytime and anywhere without the need for Internet, waiting

for files to download and costs thereto:

While these DVDs have been designed to work on Multimedia Desktop Computer and Laptop, they

have been developed as a responsive site that may also work on recent Mobile Phones and Tablets

(Android 4+, IOS), when copied on the Memory/ SD Card.

Students are encouraged to make good use of these DVDs to have a better understanding of the

subjects and enhance their preparation for forthcoming Examination through the Study Materials

issued to them and updated from time to time.

  To Download the Official Notification :

                                                                     

A wonderful short story :: HOW CAN WE BE HAPPY ?

Once a group of 50 people was attending a seminar.
Suddenly the speaker stopped and decided to do a group activity. He started giving each one a balloon. Each one was asked to write his/her name on it using a marker pen. Then all the balloons were collected and put in another room.

Now these delegates were let in that room and asked to find the balloon which had their name written, within 5 minutes. Everyone was frantically searching for their name, colliding with each other, pushing around others and there was utter chaos.

At the end of 5 minutes no one could find their own balloon.
Now each one was asked to randomly collect a balloon and give it to the person whose name was written on it.
Within minutes everyone had their own balloon.

The speaker began— exactly this is happening in our lives. Everyone is frantically looking for happiness all around, not knowing where it is.

Our happiness lies in the happiness of other people. Give them their happiness; you will get your own happiness.

And this is the purpose of human life.

Is this not what you are looking for?

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Facebook to acquire WhatsApp

Facebook on Thursday said it has reached a "definitive agreement" to acquire mobile messaging firm WhatsApp for approximately $16 billion, including $4 billion in cash and about $12 billion worth of Facebook shares.

However, the ultimate cost of the deal is likely to be about $19 billion as "the agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing."

WatsApp will continue to operate independently and retain its brand, while its co-founder and CEO Jan Koum will join Facebook Board of Directors, the social networking firm said in a statement.

WhatsApp’s core messaging product and Facebook’s existing Messenger app will continue to operate as standalone applications.

The acquisition supports Facebook and WhatsApp's shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably. The combination will help accelerate growth and user engagement across both companies, it added.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," Facebook founder and CEO Mark Zuckerberg said.

In the event of termination of the Merger Agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the Merger Agreement provides for Facebook to pay WhatsApp a fee of $1 billion in cash and to issue to WhatsApp a number of shares of Facebook’s Class A common stock equal to $1 billion based on the average closing price of the ten trading days preceding such termination date, the statement added.

Facebook was advised by Allen & Company LLC and Weil, Gotshal & Manges LLP; and WhatsApp was advised by Morgan Stanley and Fenwick & West, LLP.

Now, a printer that uses water instead of ink

     
                  

DRINK WATER ON EMPTY STOMACH

It is popular in Japan today to drink water immediately after waking up every morning. Furthermore, scientific tests have proven its value. We publish below a description of use of water for our readers. For old and serious diseases as well as modern illnesses the water treatment had been found successful by a Japanese medical society as a 100% cure for the following diseases :

Headache, body ache, heart system, arthritis, fast heart beat, epilepsy, excess fatness, bronchitis asthma, TB, meningitis, kidney and urine diseases, vomiting, gastritis, diarrhea, piles, diabetes, constipation, all eye diseases, womb, cancer and menstrual disorders, ear nose and throat diseases.

METHOD OF TREATMENT : 

1. As you wake up in the morning before brushing teeth, drink 4 x 160ml glasses of water

2. Brush and clean the mouth but do not eat or drink anything for 45 minute

3.. After 45 minutes you may eat and drink as normal.

4. After 15 minutes of breakfast, lunch and dinner do not eat or drink anything for 2 hours

5. Those who are old or sick and are unable to drink 4 glasses of water at the beginning may commence by taking little water and gradually increase it to 4 glasses per day.

6. The above method of treatment will cure diseases of the sick and others can enjoy a healthy life.

The following list gives the number of days of treatment required to cure/control/reduce main diseases:
1. High Blood Pressure (30 days)
2. Gastric (10 days)
3. Diabetes (30 days)
4. Constipation (10 days)
5. Cancer (180 days)
6. TB (90 days)
7. Arthritis patients should follow the above treatment only for 3 days in the 1st week, and from 2nd week onwards – daily..

This treatment method has no side effects, however at the commencement of treatment you may have to urinate a few times.
It is better if we continue this and make this procedure as a routine work in our life. Drink Water and Stay healthy and Active.

This makes sense .. The Chinese and Japanese drink hot tea with their meals not cold water. Maybe it is time we adopt their drinking habit while eating!!! Nothing to lose, everything to gain...

For those who like to drink cold water, this article is applicable to you.
It is nice to have a cup of cold drink after a meal. However, the cold water will solidify the oily stuff that you have just consumed. It will slow down the digestion.

Once this 'sludge' reacts with the acid, it will break down and be absorbed by the intestine faster than the solid food. It will line the intestine.
Very soon, this will turn into fats and lead to cancer. It is best to drink hot soup or warm water after a meal.

A serious note about heart attacks:

• Women should know that not every heart attack symptom is going to be the left arm hurting,
• Be aware of intense pain in the jaw line.
• You may never have the first chest pain during the course of a heart attack.
• Nausea and intense sweating are also common symptoms.
• 60% of people who have a heart attack while they are asleep do not wake up.
• Pain in the jaw can wake you from a sound sleep. Let's be careful and be aware. The more we know, the better chance we could survive...
A cardiologist says if everyone who gets this mail sends it to everyone they know, you can be sure that we'll save at least one life.
Please be a true friend and send this article to all your friends you care about.

PLEASE DON'T IGNORE SHARE IT. THIS MIGHT SAVE SOMEONE'S LIFE.

        “Sharing IS Caring” 

Banana For Breakfast Anyone ? ? ?