Monthly Archives: November 2009
New Direct Tax Code of India
Direct Tax Code of India
Direct Tax means the tax paid by an individual or an organization which cannot be shifted from the individual or entity on which it is levied. In other words, the direct tax code means a tax that cannot be shifted to another person or entity. The taxes on income or assets are examples of direct taxes. The person or organization that runs or owns the object must pay the tax directly.
For the better understanding of the direct tax code let us see what indirect tax is too. In the indirect tax of sales, the seller pays the tax of the product to the government and later makes the customer to pay it to him. The cost of the product includes the tax. On the other hand, the direct tax code of India enables the customers pay the sales tax directly to the government. The definition of direct tax code and the definition of indirect tax code here make clear the difference between direct tax code and indirect tax code.
Now, let us see the difference between the existing tax code and the proposed direct tax code bill 2009. The Direct Tax Code India is expected to be in act by financial year 2011 – 2012. According to the Indian present tax code, an individual having an annual income up to 1.60 lakhs has to pay no tax at all. But, an individual having an annual income between Rs.1.60 – 3.00 lakhs must pay 10% of his total income as tax to the government of India. An individual having annual income between Rs.3.00 – 5.00 lakhs is expected to make the tax payment of Rs.14,000 + 20% of his total income and those having the total income exceeding Rs.5.00 lakhs must pay Rs.54,000 +30% of their total income to the government as tax.
On the other hand according to the proposed Direct Tax Code, one has more advantages. The ration between the existing tax code of India and the future tax code of India vary. The main advantage of the direct tax code to the Indian citizens is that they can save a lot. As in the current tax code India, even in the upcoming direct tax code also an individual is not subject to tax if his annual income is below Rs.1.60 lakhs. On the other hand the ratio between the Indian tax codes existing and future vary for those having annual income above Rs.1.60 lakhs. It is as follows. An individual having an annual income between Rs.1.60 – 10.00 lakhs must pay 10% of his total income as tax to the government of India. An individual having annual income between Rs.10.00 – 25.00 lakhs is expected to make the tax payment of Rs.84,000 + 20% of his total income and those having the total income exceeding Rs.25.00 lakhs must pay Rs.3,84,000 + 30% of their total income to the government as tax. This makes clear how far the Indians have gone in financial growth. The value of Indian currency is understood from the difference between the existing and proposed tax codes of India.
Changing mobile subscriber without changing number
- change mobile company without changing mobile number
The total number and competition in the telecom business makes the cost of phoning low. The competition among the mobile providers makes each of them cheap in cost and best in quality. The business people using mobile phones have a great problem of the changing the telecom subscribers as they perform badly in services. One may be having a mobile connection from a particular telecom provider, for example BSNL. He must have subscribed to BSNL when he was in south Kerala in a village where he had a good range of BSNL mobile signal coverage. But when he has to shift to some other place permanently either as part of job, studies or anything of that sort, he may not have the BSNL signal over there. So, he will have to subscribe to some other telecom provider like Idea, Airtel, Aircel, Vodafone, Tata Indicom, Tata Docomo, Reliance, etc. according to better convenience. In such a case it will be great difficulty and costly to inform all his friends and relatives about his change of mobile number. To avoid the mobile number change in India while migrating from one telecom provider to other, as the Telecom Regulatory Authority of India (TRAI) has found a solution to it.
You can therefore now change your telecom service provider while retaining your phone numbers. This facility of changing telecom service provider without changing number will come in to act from January 2010. TRAI issued the regulations for implementation of mobile number portability (MNP) on 23 September 2009. According to TRAI, the MNC launch will be on 1st January 2010. The mobile number portability facility will be possible in metros and category A circles at first. The mobile number portability service India will be available in the rest of the country from March, 2010. TRAI so far did not proclaim the porting charge which has to be paid by the mobile user for porting the number. The rules and regulations of MNP have to be followed by the MNP subscribers India.
A main rule of MNP is that the subscriber is eligible to make a mobile number porting request only after 90 days of the date of activation of his mobile connection. And if a mobile number is already ported once, the number can again be ported only after 90 days from the date of the previous porting of mobile number.
If you desire to port your mobile number, you must approach the recipient operator (the operator to whom you want to port your number) and the service provider may require you to pay porting charges, if any. It is to be noted that you must clear all the bills issued before the date of porting. You may also remove your porting request within 24 hours of its submission to the recipient MNP operator India. Make sure that you really want to change your mobile service provider since the porting charges will not be refundable at any cost.
The Consumer Rights of India ensures you all the benefits of the new mobile service provider offered to the customers. Number portability permits you to jump from mobile phone providers and still keep their phone number fixed. The competition among the mobile connection providers of India may in future give a chance to port your number to other provider without any service charge. Mobile number portability without portable charge may be given by the mobile companies India to attract more subscribers and add profit. So, switch on to better telecom provider without changing your number in 2010.
Kannur Assembly by Election Results
- A P Abdullakutty
A P Abdullakutty won by 12043 votes against M V Jayarajan
A P Abdullakutty – UDF – Congress(i) -53987
M V Jayarajan - LDF - CPI(M) -41944
K Ranjith - BJP -5665
SDPI - 3411
Kannur Assembly by election results will be announced within a few hours. Kannur election result is the most awaited election result while comparing the Alappuzha and Ernakulam. And here its really a tight compatetion in between UDF and LDF.
Ernakulam Assembly by Election Results
- Dominic Presentation
Dominic Presentation won by 8620 votes against P N Seenulal
Dominic Presentation – UDF – Congress(i) – 46119
P N Seenulal - LDF - CPI(M) – 37499
Shoba Surendran - BJP – 7208
Ernakulam by Election results will be announced within a few hours. The main compatetion is in between UDF and LDF. The UDF candidate is Dominic Presentation of Congress and LDF candidate is P.N. Seenulal of CPIM.
Alappuzha Assembly by Election Results
- A A Shukoor
A A Shukoor won by 4745 against G Krishnaprasad
A A Shukoor - UDF - Congress(i) – 42774
G Krishnaprasad - LDF - CPI – 38029
K Babu - BJP – 2247
PDP - 1804
Alappuzha Assembly by election results 2009 November will be announced within a few hours. The main three candidates of Alappuzha Assembly by election are A.A Shukoor, G.Krishnaprasad and K. Babu.
Kerala Assembly by Election Results
Kannur - A P Abdullakutty won by 12043 votes against M V Jayarajan
Ernakulam - Dominic Presentation won by 8620 votes against P N Seenulal
Alapuzha – A A Shukoor won by 4745 against G Krishnaprasad
Kannur Election Results
A P Abdullakutty - UDF - Congress(i) – 53987
M V Jayarajan - LDF - CPI(M) – 41944
K Ranjith - BJP – 5665
SDPI - - 3411
Ernakulam Election Result
Dominic Presentation – UDF – Congress(i) -46119
P N Seenulal - LDF - CPI(M) -37499
Shoba Surendran - BJP -7208
Alappuzha Election Results
A A Shukoor - UDF - Congress(i) – 42774
G Krishnaprasad - LDF - CPI – 38029
K Babu - BJP – 2247
PDP - 1804
Kerala by election results of 2009 will be announce within a few hours. The counting will be start from 8 a.m onwards. First, the postal voates will be count. Within a few minutes, approximately at 9 a.m. we will get the initial results. And the entire results will be publish within the noon time. The elcection was conducted to the three Assembly constituencies on last Saturday. The three Assembly constituencies which the election conducted are Alappuzha, Ernakulam and Kannur. Heavy polling was reported to all these three Assembly constituencies of Kerala. The elections was sonducted due to the vacancy came to the constituencies after Congress MLAs was elected to the Lok Sabha early in this year.
The main candidates at Kannur are A.P. Abdulla Kutty of Congress as UDF Candidate and M.V. Jayarajan of CPI(M) as LDF Candidate. The main candidates of Ernakulam are Dominic Presentation of Congress as UDF Candidate and P.N. Seenulal of CPI(M) as LDF Candidate. In Alappuzha the main candidates are A.A. Shukkoor of Congress as UDF Candidate and G. Krishnaprasad of CPI as LDF Candidate.















