The Nascent Craze

Finished with my engineering and sitting idly at home, time killed at ease , courtesy music and movies. But time is more precious as anything in this world. So decided against my entertainments and searched for some new interesting venture. Surfing through my old TV i always end up banging my head , becuase it contains nothing much than a few news channels and some channels with those sops, saas-bahu, ofcoz. But some business news channels caught my attention. Markets,capital,stocks,shares,BSE,nifty,and some scrolling text with red and green in between, wondered what the hell is this???, Then read on.....even the same bugged me.Luckily i found myself glued to it after some lessons from my uncle who always got interested with this.
As a first timer everything seemed like some puzzle with some numbers. Number games, number theory..what the hell is this..watching a few numbers scrolled...are u gonna waste your time watching this..this was my first thought!!But soon i got the jargon one by one demystified , and after a few minutes i too was enjoying the ups and downs of market. The euphoria it created at its 10,000 landmark then the next and next.....as it continued to do so. But also the backslide though that did not bother me much. Because if it has reached a zenith point you can always be sure that it will hit that again.
So here i am with the new found craze this summer,dreaming to be the next Warren Buffet!!!

To catch the same fever just follow the link :
Investment in Shares

For further clarifications you can post your queries ,which if possible, will be answered.

Taxed!

TAX - the most dreaded three letter word. Something which eats into your hard earned money.

The first basic understanding that we get about taxes are that they are paid for the betterment of our lives administered by the government. So everyone has in some way abide by the law. While some become evaders others avoid paying taxes. But for the salaried class there is no escape. So it’s better to understand how taxes work, how to minimize it so that you can be free from the hands of the IT department.

Now, I am going to introduce you to road tax , because I guess this is the time most of you are keen to get two or four wheelers. Those people who already hit the roads with their machine might already have given some bucks away in the form of motor vehicle tax or simply road tax. The road tax is collected on "life basis" , the tax is for 10 years or a "fitness period" of 15 years. After that you have to again get your vehicle re-registered and pay another amount.

Vehicle taxes for the upper-end , luxury cars may even run into lakhs of rupees. Now to say about the dirty game. The vehicle tax is supposed to be based on the ex-factory manufacturing cost plus the excise duty , sales tax/vat. But what is really happening is you are taxed at the ex-showroom cost, which are higher --- dirty game between manufacturers and some big players. Only a part of what you pay go to the RTO , the rest is pocketed by some unknown powerful men.

This brings into mind the famous episode of the controversial taxing of Sachin's new Ferrari 360 Modena . Though the car was a gift to sachin, he still has to dole out a huge sum in the form of customs duty, road tax and other misc. taxes. The case is still on.