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A Race of Power.. a Game of Prestige.. and the Fate of Sad Country

A Race of Power.. a Game of Prestige.. and the Fate of Sad Country

Him A Race of Power.. A Game of Prestige.. And the fate of sad Country..

Volume bHIVE 1 ** March 2014 ** Issue 03 Contents

Lokasabha Elections --II 0303

Case Study HIVE 0606

Knowledge HIVE 0808

Celebrity HIVE 1010

Corporate Guru 1212

By2 Coffee 1313 's mammoth parliamentary election will start Total Voters on April 7, the Election Commission announced. It will be a long drawn out contest, to be held in nine phases, spread over 36 days from April 7 to May 12. The votes will be counted on May 16 and on that day or in the next few days it will become apparent who will form the next government - , or a surprise satrap. Term wise Prime Ministers Year of Nos Prime Minister Election 1 1952 2 1957 Jawaharlal Nehru 3 1962 Jawaharlal Nehru Voters Identity Cards 4 1967 Indira Gandhi 5 1971 Indira Gandhi 6 1977 7 1980 Indira Gandhi 8 1984 Rajiv Gandhi 9 1989 V.P. Singh 10 1991 PV Narsimha Rao 11 1996 H.D. Deve Gowda Voters Increase 12 1998 Gender 2014 2009 % Chng 13 1999 Atal Bihari Vajpayee 14 2004 Male 426,651,513 374,758,801 12% 15 2009 Manmohan Singh Female 387,911,334 342,226,301 12% 16 2014 ??? 03 Security & Staff Composition by states and territories State Seats 80 Maharashtra 48 Andhra Pradesh 42 West Bengal 42 Bihar 40 Tamilnadu 39 29 Karnataka 28 26 25 Other Stats Orissa 21 Kerala 20 Assam 14 Jharkhand 14 Punjab 13 11 10 7 Jammu And Kashmir 6 Uttarakhand 5 4 Arunachal Pradesh 2 Goa 2 Manipur 2 Meghalaya 2 Tripura 2 First Time Voters Andaman and Nicobar 1 Chandigarh 1 Dadra and Nagar Haveli 1 Daman and Diu 1 Lakshadweep 1 Mizoram 1 Nagaland 1 Pondicherry 1 1 04 Total 543 Important Points about General Election Election dates Flying squads/surveillance teams Election dates in parliamentary To curb 'the abuse of money power' during the constituencies were set taking into elections, 'flying squads' and static consideration extreme surveillance teams will guard against summer heat, monsoon the distribution of cash or other rains, harvest seasons, bribes to voters. religious festivals and Committees will also keep their eyes most importantly, school peeled for illegal election exams. Most polling stations are placed advertisements and politically funded stories in schools. planted in the media.

Voter Stats None of the Above Election Commission Roughly 814.5 million For the first time in a The Election Commission will people are registered to general election, voters will monitor production, storage vote, and of which over 23 have a 'None of the Above' and distribution of million are between 18 to option on the liquor during 19 years old . ballot papers elections . Indian & electronic political parties Transgender persons can voting . The are notorious for mark their gender as option was handing out alcohol and even 'Others' on the electoral brought in last year in prescription medication as rolls, a category that did response to activist groups bribes to voters. not exist in 2009. who said voters were too Approximately 28,314 often forced to choose Income tax department voters have listed their between several candidates gender in this way. with criminal backgrounds. The income tax department and the government's financial Polling stations intelligence unit have been Voters will cast their ballots in about 930,000 polling instructed to stations, an increase of nearly 12% since 2009. keep watch Booth officers on the movement of cash during Booth officers will do door to door surveys to prepare a list elections. of voters found absent at their home in an effort to prevent In previous elections, political impersonation. operatives were caught driving Dead voters and those who have moved from their homes with suitcases packed with cash 05 will be added to a list to check against the in their car trunks. rolls to ensure no foul play on voting day. Kostub Investment Ltd vs. CIT (Del HC) Expenditure on foreign education of employee (son of director) in a field intimately connected with its business is deductible since it has nexus

Mohan (HUF) vs. CIT (Del HC) As per Sec 147, Even s. 143(1) Intimation cannot be reopened in the absence of new information

CIT vs. Maruti Suzuki (India) Limited (Del HC) As per Sec. 254(2A) The Tribunal has no power to extend stay of demand beyond the period of 365 days from the date of first order of stay, even if the assessee is not at fault.

CIT vs. Motorola India Electronics (P) Ltd ((KarKar HC) Interest income out of surplus funds in Banks and sister concerns & EEFC account is eligible for exemption Under Sec 10A/ 10B

Garware Wall Ropes Ltd vs. ACIT (ITAT Mum) No disallowance U/s. 14A/ Rule 8D if primary object of investment is to hold controlling stake in group concern and not to earn tax-free income

Adithya Bizorp Solutions India Pvt. Ltd vs. UOI ((KarKar HC) High Court grants interim stay on enforcement of notices for levy of fee for failure to file TDS statement U/s. 234E

Crown Consultants Pvt. Ltd. vs. CIT (Bom HC) Assessee is not entitled to challenge validity of reopening U/s. 147 on a ground not stated in objections to AO

06 Commissioner of Customs Vs. Shri Ram Impex India P Ltd. Difference in description of goods in sale invoice and bill of entry cannot disentitle a claimant from refund of SAD in terms of Notification No. 102/2007. there is no condition under Notification 102/2007-Cus which prescribes that bill of entry number should be mentioned in sale invoice. Therefore, benefit of refund of SAD cannot be denied on this ground too

Xerox India Limited V/s State of Karnataka ((KarKar HC) Penalty under Section 12B(4) of the Karnataka Sales Tax Act, cannot be imposed merely because it is lawful to do so. Discretion is conferred on adjudicating authority while imposing penalty

Circulars and Notifications

Notification No. 01/2014 ---ST dated January 10, 2014 Amends Notification No. 25/2012-ST dated June 20, 2012 to extend exemption from payment of service tax on services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any country.

Notification No. 03/201403/2014----ServiceService Tax, dated 0303----02020202----20142014

Ministry of Finance has clarified that the service tax payable on the services rendered by a broker to the member of the registered association relating to Forward Contract need not be paid during the period from 10th September, 2002 to 30th June, 2012.

07 Permanent Account Number (PAN) is unique PAN CARD alphanumeric combination issued to all juristic entities, issued by the Indian Income WHAT.. WHY.. Tax Department. PAN is a ten digit number which helps the HOW.. WHERE?? Assessing Officer to identify any person and it also serves as an important ID proof.

Cumpulsory PAN Individual whose total income exceeds the basic exemption limit Individual carrying on any business/profession whose total sales exceeds Rs.5 Lakhs Individual who is required to submit a return of income

Notified transactions where PAN must bebebe quoted Sale or purchase of any immovable property valued at Rs 5 lakhs or more . Sale or purchase of motor vehicle/vehicles A time deposit, exceeding Rs 50,000 with a bank A deposit, exceeding Rs 50,000 in any account with Post Office Saving Bank Contract of a value exceeding 10lakhs, for sale or purchase of securities Opening an account in a bank Payment to hotels and restaurants for an amount exceeding Rs.25,000/- at a time.

How to apply for PAN?? Application: Form 49A How to fill application: English Capital Letters & Black Ink Photos: Recent Color Photograph Where to obtain: NSDL-TIN Website Where to submit: TIN Facilitation Centre Acknowledgement: 15digit number Checking status: accessing NSDL-TIN website at the "Status track" option and quoting your unique 15-digit number after three days of your application. 08 Documents tototo bebebe submitted along with thethethe application formform: ::: AAA.A...ProofProof ofofof identity BBB.B...ProofProof ofofof Address School leaving certificate Electricity bill Matriculation certificate Telephone bill Degree of recognized Depository account institution statement Depository account Credit card statement statement Bank account statement Valid Credit card Rent receipt Bank account statement Employer certificate PAN Card: Water bill Ration card 111 – Name of the Applicant Ration card Passport 222 – Father’s Name Property tax assessment Voter's identity card 333 – Date of Birth Passport Property tax 444 – PAN Voter's identity card assessment order 555 – Signature of Applicant Driving license Driving license 666 – Photo of the Applicant Certificate of address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted Officer both for Identity/Address Proof For Company - Certificate of registration issued by ROC For Firms - Certificate of registration issued by Registrar or Copy of Partnership Deed.

Structure &&& ProvisionsProvisions: ::: ** 4 th Character shall be: PAN structure is as follows: AOFBP6688A: C — Company  First five characters are letters, next 4 numerals, P — Person last character letter. H — HUF  The first three letters are sequence of alphabets F — Firm from AAA to ZZZ A — Association of Persons  The fourth character informs about the type of T — AOP/Trust holder of the Card. Each assesse is uniquely ** B — Body of Individuals`  The fifth character of the PAN is the first L — Local Authority character of the name of the assessee J — Artificial Judicial Person  The last character is an alphabetic check digit. G — Government Nowadays, the DOI (Date of Issue) of PAN card is mentioned at the right 09 (vertical) hand side of the photo on the PAN card. A JOURNEY BEYOND DREAMS MALATHI K HOLLA

alathi Krishnamurthy Holla was born on July 6, 1958 in . Her father ran a small hotel, while her mother took care of their four children. A raging fever when she was one year old paralyzed Malathi's entire body. Electric shock treatment for more than two years saw little Mala regaining strength in her upper body, but below the waist her body remained completely weak.

Notwithstanding the trials and turbulences that We must go through the plagued her, Malathi decided to live life Queen Size, undaunted by the fury of fate. She chose agonies of life, if we want sports as the best alternative medicine to forget to get somewhere her pain, and went on to become one of the most inspiring sports personalities of modern India. worthwhile. With over 300 medals in her kitty, Malathi was conferred the prestigious Arjuna and Padma Shri Awards. She represented India in the Paralympics held in South Korea, Barcelona, Athens and Beijing; the Asian Games held in Beijing, Bangkok, South Korea and Kuala Lumpur; World Masters held in Denmark and Australia, Commonwealth Games in Australia and Open Championships in , Kuala Lumpur and England.

Her never-say-die attitude has been an eye-opener to many contemporary sports stars, who often refer to her as the Champion of Champions. 10 We don't need any sympathy, rather we need empathy from society to prove our mettle

Happy Women’s Day 2014 Episode 02 Continuing with Mr.Putta, he is now ready to attend the Interview. Just that a few Do’s and DO’S AND Don’ts to our hero. Interview DO’s DON’TS AT AN  Know the exact time and location of your interview  Arrive early; 10 minutes prior to the INTERVIEW interview start time  Treat other people you encounter with  Offer a firm handshake, make eye courtesy and respect. contact, and have a friendly  Be honest and be yourself & be positive expression when you are greeted by  Research about the employer in advance your interviewer  Evaluate the interviewer and the  Sit still in your seat; avoid fidgeting organization s/he represents and slouching  Make sure you understand the employer's  Respond to questions and back up next step in the hiring process your statements  Concludes the interview by offering a firm handshake and make eye contact . Interview DONT’s  Don't make excuses. Take responsibility for your decisions and your actions.  Don't make negative comments about previous employers  Don't falsify application materials or answers to interview questions  Don't give the impression you are only interested in salary  Don't treat the interview casually  Don't exhibit frustrations or a negative  Don't act as though you would take attitude in an interview any job or are desperate for  Don't go to extremes with your posture employment  Don't chew gum or smell like smoke  Don't be unprepared for typical  Don't allow your cell phone to interview questions sound during the interview 12 WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchange messages without having to pay for SMS. WhatsApp Messenger is available for iPhone, BlackBerry, Android, Windows Phone and Nokia and yes, those phones can all message each other! Because WhatsApp Messenger uses the same internet data plan that you use for email and web Incredible India: browsing, there India has the second is no cost to message and stay in largest pool of Scientist touch with your and Engineers in the World friends. You can also can create groups, send each other unlimited images, video - Gerard I. Nierenberg and audio media messages. Learn what your friend, your lover, your boss are really saying to you—in the language that everybody to: gain uses but command of The oldest and one of the most nobody business and efficient home remedy for hair speaks—body social growth. Onion juice is rich in language! situations; sulphur, which boosts the teaches you sharpen your production of the collagen how to negotiating tissues and thus helps in the re- “decode” and skills; growth of hair. reply to recognize nonverbal signals of signals from affection and strangers, attraction; “If you cannot find peace friends, and 192 pages enrich your business Published in 1990 knowledge of within yourself, you will never find it anywhere else” associates, 13 Pocket Books body language; ––MarvinMarvin Gaye Thank You,

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