What is the right amount of life insurance?

What is the right amount of life insurance? Posted: 11 Jun 2012 08:39 PM PDT While the decision to buy life insurance may seem simple and straightforward, the biggest decision for most first-time insurance buyers should be 'how much' rather than 'why'. The amount of cover matters even more for buyers who have dependants: too little will place these family members under... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] How to Reset Password on Income tax Website – www.incometaxindiaefiling.gov.in Posted: 11 Jun 2012 08:36 PM PDT 1. Click on forget password Link - Link 2. Enter your PAN on Screen which appears after above click and Press OK. 3. Please select on of the three option which appears after the above click [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Value of Works Contract Service w.e.f. 1st July, 2012 Posted: 11 Jun 2012 08:01 PM PDT With the issuance of Notification No. 18-ST dated- 1st June, 2012, it had been decided by the Central Government that Section 65 (containing definitions including that of taxable Services) of the Finance Act, 1994 will not be in effect from 1st June, 2012. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] S. 254 prescribes time limit of 4 years from the date of order for rectification of a mistake apparent from record Posted: 11 Jun 2012 07:44 PM PDT Clearly, a time limit of four years from the date of the order has been prescribed in respect of the exercise of the power of rectification of a mistake apparent from the record. There is absolutely no doubt that had an appeal or other proceeding been pending in respect of the order of the Tribunal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Cess on green leaf eligible for deduction in computing composite income under Rule 8 Posted: 11 Jun 2012 07:32 PM PDT Hon'ble High Court in the case of CIT vs AFT Industries Ltd. 270 ITR 167 (Cal) held that amount paid as cess is eligible for deduction in computing the composite income under Rule 8 of I.T. Rules. This issue is, therefore, decided in favour of the assessee and against the Revenue by upholding the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] MVAT Audit due date per-poned to 30th November 2012 Posted: 11 Jun 2012 07:21 PM PDT Rule 66 is amended vide Notification No. VAT 1512/CR-61/Taxation-1 dated 1st June 2012 and As per the amended rule, the report of the audit under section 61 shall be submitted within 8 months from the end of the year to which the report relates. Earlier it was 10 months. It means the due date to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Not all money abroad is black money – FM Posted: 11 Jun 2012 07:05 PM PDT Union Finance Minister Pranab Mukherjee on Sunday said all the money kept by Indians abroad is not black money and noted that India has signed treaties with 37 countries to know the details of such illegal wealth. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 3 More Acts Published in the Gazzette of India Posted: 11 Jun 2012 07:03 PM PDT The following Bills, after having received the assent of the President on 7th June, 2012, have been published as corresponding Acts in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 8th June, 2012: 1. The Copyright (Amendment) Bill, 2012 as Act No. 27 of 2012 ; and 2. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] FM to Review Performance of Banks Posted: 11 Jun 2012 07:00 PM PDT The Union Finance Minister Shri Pranab Mukherjee will review the annual performance of banks and financial institutions tomorrow relating to Agriculture Credit, MSME (Micro, Small and Medium Enterprises) Credit, Housing Loans, Education Loans, Gross and Net Non Performing Assets (NPAs) along with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Rising litigation with tax payers is a matter of serious concern -FM Posted: 11 Jun 2012 06:58 PM PDT Rising litigation with the tax payers and amount locked-up in appeal before Commissioners of Income Tax (Appeals)/CIT (A), Income Tax Appellate Tribunals (ITATs), High Courts and the Supreme Court has been a matter of serious concern. I am informed that a total amount of Rs. 4,36,741 Crore was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Indirect Tax Collections during May 2012 up by 16.1% as Compared to May 2011 Posted: 11 Jun 2012 06:53 PM PDT The overall growth in indirect tax revenue collection during the month of May, 2012 is about 16.1% which is 5.7% higher than last month's position. Further, the progressive growth of indirect taxes during April-May of current financial year 2012-13 is 13.3%, and in terms actual amount is Rs. 8256... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] FM rejects S&P report that India could be the first BRIC country to falter Posted: 11 Jun 2012 06:48 PM PDT The Union Finance Minister Shri Pranab Mukherjee said that the Government is fully seized of the current situation and he is confident that there will be a turnaround in our growth prospects in the coming months. The Finance Minister Shri Mukherjee was reacting to the S&P recent report... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Moily releases Compendium highlighting Achievements of Ministry of Corporate Affairs Posted: 11 Jun 2012 06:46 PM PDT Union Corporate Affairs Minister Dr. . M. Veerappa Moily has emphasized upon creating an environment that would enable the corporate community meet the multifarious global challenges while enhancing their competitiveness. Dr. Moily was addressing a Press Conference to highlight the achievements of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Bank M&A's proposed to be exempted from CCI scrutiny Posted: 11 Jun 2012 06:43 PM PDT Corporate Affairs Minister Dr. M.Veerappa Moily had said the Competition Commission of India compliments Sectoral Regulators and there is no question of encroachment on the jurisdiction of Sectoral Regulators. Dr. Moily stated this today while interacting with the Press on the occasion of releasing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] LLP Registry Merges with MCA-21 & Decentralization of LLP Approval to Various ROCs Posted: 11 Jun 2012 06:37 PM PDT LLP Registry is Now Merged with MCA-21 and Decentralization of LLP Approval to Various ROCs - The Ministry of Corporate Affairs, has achieved a new milestone by integrating e-Governance project for Limited Liability Partnership (LLP) under the platform of MCA21. This initiative has been taken on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] LLP – Status of Documents Submitted before 11th June'2012 Posted: 11 Jun 2012 06:15 PM PDT The documents already filed by the LLPs (i.e. pre 11th June'2012) are in the process of being transferred to the MCA21 electronic record room. This may take a few days time. The View Public Document and Get Certified Copies facility for these would be available as soon as this activity is complete. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] New LLP Portal -Change in SRN, Charge IDs, Form Under resubmission, Registration, Login, Verification/Updation of Partner & details Posted: 11 Jun 2012 06:12 PM PDT NEW LLP PORTAL – USER REGISTRATION & LOGIN Any user willing to avail any LLP related service for which payment of fees is required need to register on MCA21 system. For registration, users have been categorised into following two categories: a) Registered User b) Business User – these are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Press Release Regarding arrest of Mr. Anil Jaiswal By CBI Team at kanpur Posted: 11 Jun 2012 11:56 AM PDT A news item appeared in the Media yesterday and today which states that CBI Team has arrested Income Tax department officials and a Chartered Accountant Anil Jaiswal at Kanpur. In this regard, the Institute of Chartered Accountants of India (ICAI) wishes to clarify that as per the ICAI records,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] CPT June 2012 Examination – Change in examination Centre Posted: 10 Jun 2012 08:40 PM PDT Due to unavoidable circumstances, the examination Centre of 200 candidates bearing Roll No. from 218290 to 218489 for CPT (Common Proficiency Test - Examination) to be held on 17th June, 2012 has been changed to DOON PUBLIC SCHOOL, B-2, PASCHIM VIHAR, BEHIND LAXMI NARAYAN MANDIR, NEW DELHI-110 063... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ICSI – Last date for payment of Annual Licentiate Subscription for 2012-13 Posted: 10 Jun 2012 08:12 PM PDT We wish to inform you that the Annual Licentiate Subscription for the year 2012 -13 became due for payment w.e.f. 1st April, 2012. The last date for payment of fee is 30th June, 2012. You are requested to please remit Rs.1000/- by demand draft/local cheque at par in favour of `The Institute of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Exemptions to IT/ITES industry from certain provisions of AP Shops & Establishment Act extended for one more year Posted: 10 Jun 2012 07:50 PM PDT Andhra Pradesh Shops and Establishments Act, 1988 – Exemption from the provisions of Sections 15,16,21,23,31 and in respects of section 47 (1) (2) (3) and (4) of the Andhra Pradesh Shops and Establishments Act, 1988 to all Information Technology Enabled Services (ITES) and Information Technology... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Submission of Half-Yearly Reports related to Trade Credit Insurance Business Posted: 09 Jun 2012 08:50 PM PDT With reference to Para 11 of IRDA circular IRDA/NL/CIR/Cre/205/12/2010 dated 13.12.2010, which mandates non-life insurance companies to submit regular reports to the Authority regarding the performance of Trade Credit Insurance portfolio. With a view to maintain consistency in reporting and better... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] IRDA – Integrated Surveyor Licensing Management System Posted: 09 Jun 2012 08:48 PM PDT The Authority is in the process of implementing a module which would enable online submission of applications for enrolment/grant of fresh/ renewal license to Surveyors and Loss Assessors. In this connection all existing licensed Surveyors and Loss Assessors (Individual and Corporate) and Trainees... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]