Sunday, February 26, 2012

Rasgulla

boil milk (about half ltr)
add vinegar or limbu in milk
this process will separate water from paneer.
filter out the water so that only paneer will remain
after filtering the paneer , drain with water for a few minutes so that limbu / vinegar's test is completely removed.
mesh the paneer and make it smooth paste
now form small balls from this paneer
set these balls aside

now make syrup

take 1 cup sugar and 4 cups water
Boil this water
when water starts boiling , add the paneer balls to the boiling water
boil paneer in water for 5 minutes
after 5 minutes shut off the heat.
immediately add half glass of normal (room temp) water.
serve hot or keep it in fridge and serve cold.




Friday, February 24, 2012

income tax for salaried and senior citizens - 2012

http://www.incometaxindiapr.gov.in/incometaxindiacr/contents/tpi/Taxation_Of_Salaried_Employees%5B1%5D.pdf

DEfination of NRI / not ordinary resident - 2012 feb


NON-RESIDENT

Meaning
2         (30)      “non-resident” means a person who is not a “resident” 54 [, and for the purposes of sections 92, 93 55[* * *] and 168, includes a person who is not ordinarily resident within the meaning of clause (6) of section 6] ;

44 6. For the purposes of this Act,—
          (1)  An individual is said to be resident in India in any previous year, if he—
      (a)  is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more ; or
      (b)  45[* * *]
      (c)  having within the four years preceding that year been in India for a period or periods amounting in all to three hundred and sixty-five days or more, is in India for a period or periods amounting in all to sixty days or more in that year.
                 46 [Explanation.—In the case of an individual,—
      (a)  being a citizen of India, who leaves India in any previous year 47[as a member of the crew of an  48 Indian ship as defined in clause (18) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958), or] for the purposes of employment outside India, the provisions of sub-clause (c) shall apply in relation to that year as if for the words “sixty days”, occurring therein, the words “one hundred and eighty-two days” had been substituted ;
      (b)  being a citizen of India, or a person of Indian origin within the meaning of Explanation to clause (e) of section 115C, who, being outside India, comes on a visit to India in any previous year, the provisions of sub-clause (c) shall apply in relation to that year as if for the words “sixty days”, occurring therein, the words “one hundred and 49[eighty-two] days” had been substituted.]
          (2)  A Hindu undivided family, firm or other association of persons is said to be resident in India in any previous year in every case except where during that year the control and management 50  of its affairs50 is situated wholly 50  outside India.
          (3)  A company is said to be resident in India in any previous year, if—
       (i)  it is an Indian company ; or
      (ii)  during that year, the control and management50 of its affairs 50  is situated wholly50 in India.
          (4)  Every other person is said to be resident in India in any previous year in every case, except where during that year the control and management of his affairs is situated wholly outside India.
          (5)  If a person is resident in India in a previous year relevant to an assessment year in respect of any source of income, he shall be deemed to be resident in India in the previous year relevant to the assessment year in respect of each of his other sources of income.
      51 [(6)  A person is said to be “not ordinarily resident” in India in any previous year if such person is—
      (a)  an individual who has been a non-resident in India in nine out of the ten previous years preceding that year, or has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less; or
      (b)  a Hindu undivided family whose manager has been a non-resident in India in nine out of the ten previous years preceding that year, or has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less.]



the min of finance wesite about income tax

http://law.incometaxindia.gov.in/DIT/intnrcount.aspx#

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1Who is Non-Resident
2Taxability of Non-residents in India
3General and special rates of tax
 
1 GENERAL RATES
 
2 Tax on dividends, royalty and technical service fees in the case of foreign companies.
 
3 Tax on income from units purchased in foreign currency or capital gains arising from their transfer.
 
4 Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
 
5 Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer.
 
6 Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer.
 
7 Tax on non-resident sportsmen or sports associations.
 
8 Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds.
4Special Provisions for Non-Resident Indian
 
1 Tax on investment income and long-term capital gains.
 
2 Capital gains on transfer of foreign exchange assets not to be charged in certain cases.
 
3 Special provision for computation of total income of non-residents.
 
4 Definitions.
 
5 Return of income not to be filed in certain cases.
 
6 Benefit under Chapter to be available in certain cases even after the assessee becomes resident.
 
7 Chapter not to apply if the assessee so chooses.
5Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents.
6Special provision for computing income by way of royalties, etc., in case of non-residents.