26/09/2013
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Random Thoughts

Choice

From Wikipedia,

“Choice consists of the mental process of judging the merits of multiple options and selecting one of them.”

In life, we get many options and the choice we make tells who we are. Many people think that it is very easy to make a choice depending on the options. What they don’t realise is they don’t know what the options are.

For many life is full of scarcities, for me life is full of abundance. God has given everyone enough opportunity to lead a healthy and happy life. But we just don’t realise it.

We live life mindlessly. Every day, we lose another 1,440 minutes that will never return. Farewell, minutes! Goodbye, opportunities.We live life without making the choice as to do what.

Choice is not about right or wrong. It is just that given a circumstance what have you chosen.

For Example, You and your friend go for a walk and your friend offers an opportunity which is risky and you have to make a choice, you can ignore which tells that you are not interested in taking risks or you accept the risky opportunity which talks about your willingness to take risks. Now, if you think which is the right thing to do, you never know untill you have accepted it. You can only know the outcome once you have decided to take the plunge and time rolls by.

25/07/2011
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Income Tax

E-Filing of Returns for Financial year 2011-2012 for Salaried Professional

Last date for filing returns is 31-Jul-2011

Currently there are many paid and free services for filing the returns. Some of the paid services are as follows:

  1. http://www.taxmunshi.com/
  2. http://www.taxspanner.com/

There are various other paid services but I found these to be the lowest Rs. 199 and Rs. 249 respectively.
If you are like me, who is not interested to spend a paisa on the filing the tax return then you have to visit the following site:
https://incometaxindiaefiling.gov.in
First Step: Login to the portal. If you don’t have the log in then register and create your id. It requires your PAN card details so keep them handy. If you don’t have PAN card with you at the moment, then don’t worry. Here is the link which you can access to know your PAN Card details.
Second Step: Download the excel utility or pdf Utility from the following link. For salaried professional download ITR-1. My suggestion would be to download the excel utility.
Third Step: This step requires you to have your Form 16 from your employer. Once you have that with you, you can go ahead with filling the excel utility or pdf utility. I am assuming that excel is what you have downloaded based on my suggestion since it is very easy to fill. Continue reading →

02/05/2010
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Personal Finance

Loans: Long term v/s Short term Part II

Please read Part I

For this purpose banks want to get the money back as soon as possible. If you observe the chain of events, if say one or two defaults still bank will not be losing a great deal of money, its profit might come down a bit. Then why does bank gives long term loans for home loans? It is very logical for the banks to do this. The banks keep the interest rates low for home loans in order to lure the customers and ensure that they get a huge customer base. If many customers are lured to this home loan then they are in great profits. Continue reading →

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01/05/2010
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Personal Finance

Loans: Long term v/s Short term Part I

Loans are very common these days. There are various kinds of loans; most common ones are Housing loan, Personal loan, Educational loan, Credit Card loan and Vehicle loan.  Except the housing loan most of the loans have a short term period for repayment. It is very critical for the banks to get the money back from the borrowers and ensure the smooth working of the banks. When bank can make more money by giving it for long term why does it prefer to keep the term short for other loans other than the housing loan? Continue reading →

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31/01/2010
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Personal Finance

Can I become A Millionaire?

I have asked this question to myself many a times. When I was a kid, I was asked by my teacher what would I want to become in the future and I remember telling her that I want to become a billionaire. She asked me, “Why do you want to become a billionaire?” I answered her that, I want to help the poor people. I have realized that you don’t have to have money to help poor people but I surely want to become a billionaire. Continue reading →

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