MORNING TWEET

LIFE IS NOT ABOUT THE PEOPLE WHO ACT TRUE TO YOUR FACE......... ITS ABOUT THE PEOPLE WHO REMAINS TRUE BEHIND YOUR BACK

MANY..... HAPPY RETURN OF THE DAY - ROHIT

Dear Rohit,
Many ...... Happy returns of the day.
Hope your Birthday blossom into lots of dreams come true.

What to say about Rohit, we all know that he is great motivator, hard working and of course Soft Hearted. I am with him since last 20 years and enjoyed & shares his each and every mood. So in all great personality.

Manoj

A guide to certification - 15CB

Following are the suggested guide for the certification of remmittance

1) Name & Address of the Recipient & Beneficiary

2) Obtain Tax Residency Certificate issued by Tax Authorities of the country where the payee is located. If payee is a Branch, Tax Residency Certificate in respect of the Parent company

3) Status of the Recipient: Whether Individual, Partnership Firm, Incorporated Company, Trust, Association of Persons (Society etc), Bank or Government or a Government Body or any other status [Taxability and Rate of tax depends upon the Status of the payee]

4) Nature of Remittance as per agreement/document: Whether Royalty, Fees for Technical Services, Professional Fees, Business Income, Interest, Dividend, Management Fees, Reimbursement of Expenses or Other Income etc.

5) Ascertain applicable rate of TDS under applicable DTAA as well as under Domestic law.

6) In case the remittance is for “Net of Net of taxes” agreements: Whether tax payable has been grossed up? Provide computation.

7) Ascertain the correct classification of income: To do so, following details & documents are required-

a) Contract with the payee and other supporting documents, correspondence/emails, broachers etc.
b) Invoices and supporting vouchers. c) In case of Reimbursement of Expenses, supporting invoices /voucher
and other documentary proof

d) Any other document which may help in determining the nature of payment/ quantum of income.

8) In case the remittances is towards Royalty, FTS, Interest, Dividend, etc.:

Please Indicate-
a) Clause of DTAA under which remittance is covered with reasons
b) Rate of TDS under DTAA
c) If rate applied is lower than rate prescribed under DTAA, reasons
thereof
If the payment is in the nature of Fees for Technical Services, obtain
a Self Declaration of the Payee to the effect that its presence/
activities in India would not constitute a PE in India in terms of
Article 5 of the applicable Tax Treaty.

9) In case the remittances is for supply of articles or things (e.g. plant, machinery, equipment, etc.):

a) Whether recipient has any PE in India?
b) Whether, directly or indirectly, such activities of supply of
articles or things done through the PE?
c) Whether the sale of such articles or things has happened “in
India”?
If the payee has a PE in India, obtain Payee’s Self Declaration to the
effect that the transaction in respect of which the payment is being
made, is not directly or indirectly connected with the activities of
its PE in India.
d) If yes, the amount of income comprised in such remittance which is
liable to tax in India? Please provide basis/ computation of taxable
amount.
e) If no, give reasons
Obtain a Self Declaration from the Payee to the effect that it does
not have a Permanent Establishment (PE) in India in terms of Article 5
of the applicable Tax Treaty.

10) In case the remittance is on account of business income :
Pleaseindicate-

a. Whether such income is liable to tax in India?
b. If yes, the basis of arriving at the rate of TDS
c. If no, reasons thereof.

11) Date of Deduction of TDS, amount of TDS deducted, Exchange Rate on
the date of deduction of TDS to ascertain the correctness of amount of
TDS.

12) Photocopy of the receipted TDS Challan.

13) Particulars of the Bank (Name, Branch, Address, Account No.) thru
which the remittance is to be made

BELATED HAPPY BIRTH DAY DEAR HAJIRA

Hajira is a very sweet , most approachable , delicate , talented friend - colleague of ours.....
Here's our hearty wish from all of us to say that we truly admire you.
Happy birth day once again

Hajee - ra thanks for the treat ;)

Creativity - It's Everyone's Right

Creativity!

When we talk about creativity, the thought that comes to our mind is about music, advertisement, film. This is how we normally relate to creative.

Creative is defined as follows:

"Ability to produce something new through imaginative skill, whether a new solution to a problem, a new method or device, or a new artistic object or form"

Hence, it can been seen from above that Creativity can be applied in any aspects of our life be it Work, Home etc..

And to think that there should be some creativity in the Government Department, hardly we can believe that babu's are hardly concerned about any such progress.

If you think this - read this !

It seems like a lesson straight from management textbooks.

Indian Administrative Service officer Vijay Waghmare has developed a foolproof, trans- parent and preferential system for transfers of zilla parishads (ZP).

Zilla parishad employees will not need to pull strings to get transferred to a place of their choice, thanks to Waghmare's `Aurangabad Pattern'.

The state government has asked all ZPs to follow Waghmare's module to help employees get over transfer blues and, most importantly, check corruption in the process.

Waghmare (34), a graduate from the Indian Institute of Management, Ahmedabad, told Hindustan Times from Aurangabad that when he joined as the chief executive officer of the Aurangabad ZP three years ago, the first thing that came to his mind was effecting transfers.

“I spent days and nights get- ting the postings changed because employees would come to me with genuine difficulties,“ said Waghmare. “So, I thought of asking them their preferences before transferring them. I called them at one place.“

Under the `Aurangabad Pattern', as it is now popularly known, employees (from larger cadres like teachers) are given presentations on vacancies and promotions at mass counselling sessions. This leaves little scope for complaints because of lack of transparency and undue polit- ical interference.

“The entire process of post- ings was completed in a single day in a hassle-free manner and without any outside interfer- ence,“ Waghmare said. “This ensured high employee satis- faction. We continued with this for three years.“

Aurangabad's Divisional Commissioner Bhaskar Munde liked the method so much that he asked all other ZPs in his division to follow it.

The model soon reached Mantralaya. Earlier this week, Rural Development Minister Jayant Patil gave his nod for implementing the system across the state. Chandrapur started it two days ago and others are expected to follow.

Patil was unreachable for com- ments. Munde said this was the best move towards good gover- nance. “When Mr Waghmare implemented the idea success- fully, I thought of doing the same in other seven districts of my division. We have stopped receiving transfer-related complaints.“

A similar process is followed first postings after recruitment and subsequent promotions.
“Promotions provide a route for human resource development in the organisation. It is a win- win situation where vacant posts are filled and the employ- ee is also motivated to achieve organisational objectives,“ Waghmare said.

Employees are happy. “This pattern has given us relief on physical, mental and financial fronts. Efficient employees who are less influential also have a voice now,“ said Madhukar Walture, vice-president of the State Teachers' Association.

Courtusy - HindustanTImes News Papaer

If this is not enough check the below link..

http://jalgaon.nic.in/Html/RiverLinkageDocumentration/nadijodenglish.pdf

NOW WHAT YOU SAY !

Creativity is the only way one can achieve satisfaction in work. Its not volume or numbers !

Be Creative in every aspect of the work we conduct this is how we remember ourself and others remember us.

Happy Birthday Archana !!!!!

Dear Archana ,
wish u a many many happy returns of the day :) : )
Thanks for the treat ;)
We are glad to have you has a part of our team. U have taken immense efforts , that has helped us to make our names shines at client places and within org.
Request each one of us to write spotting attributes ( qualities) of Archana that gives her a distinct identity among us
Happy Birthday once again

New Forms for Income Tax Return published

The Income Tax department has published the new forms for filling the Income tax return from the assessment year 2010-11 onwards