Girls complete the job, no matter what :)

The FBI had an opening for an assassin. After all the background checks,
interviews and testing were done, there were 3 finalists; two men and a
woman.

For the final test, the FBI agents took one of the men to a large
metal door and handed him a gun. "We must know that you will follow our
instructions no matter what the circumstances. Inside the room you will
find your wife sitting in a chair . . . Kill her!!"

The man said, "You can't be serious. I could never shoot my wife." The
agent said, "Then you're not the right man for this job. Take your wife
and go home."

The second man was given the same instructions. He took the gun and went
into the room. All was quiet for about 5 minutes. The man came out with
tears in his eyes, "I tried, but I can't kill my wife." The agent said,
"You don't have what it takes. Take your wife home."

Finally, it was the woman's turn. She was given the same instructions, to
kill her husband. She took the gun and went into the room. Shots were
heard, one after another. They heard screaming, crashing, banging on the
walls. After a few minutes, all was quiet. The door opened slowly and
there stood the woman, wiping the sweat from her brow. "This gun was
loaded with false bullets" she said. "I had to beat him to death with the
chair!!"

MORAL: Girls are extremely determined..... Don't mess with them?

E&Y accused of Lehman whitewash, says a Report

New York: The New York's attorney general is accusing accounting giant Ernst & Young of helping Lehman Brothers Holdings disguise its financial condition for more than seven years, while collecting more than $150 million in fees from the firm, according to a media report.

"New York's attorney general Andrew Cuomo is accusing E&Y of helping Lehman Brothers disguise its financial condition for more than seven years, while collecting more than $150 million in fees from the firm," The Wall Street Journal reported.

Top of Form

Bottom of Form

The lawsuit filed by Cumo alleges that firms engaged in practices to temporarily erase as much as $50 billion in Lehman assets. This often occurred near the end of a quarter, allegedly making the company look much healthier than it was, the report noted.

The two companies worked together from 2001 until Lehman's 2008 collapse.

Create Rescue CD of Windows 7

Follow these steps to create a Windows 7 System Repair Disc:

Windows 7 System Repair Disc gives you access to Windows 7 System Recovery tools, a powerful set of Microsoft created diagnostic and repair utilities.
The first thing a new Windows 7 user should do is create a System Repair Disc. With a System Repair Disc, you'll have access to Windows 7 diagnostic tools like Startup Repair, System Restore, System Image Recovery, Windows Memory Diagnostic, and Command Prompt.

Important: You'll need a CD or DVD burner to create a Windows 7 System Repair Disc. A USB device is not supported bootable System Repair media.

Difficulty: Easy

Time Required: Creating a System Repair Disc in Windows 7 should only take around 5 minutes.

Here's How:

1. Click on Start -> All Programs -> Maintenance.
2. Click on the Create a System Repair Disc shortcut.
3. Choose your optical disc drive from the Drive: drop-down box.
4. Insert a blank CD or DVD in your optical drive.
   Note: An empty CD should be large enough for a System Repair Disc. I created a Windows 7 System Repair Disc on a new Windows 7 32-bit installation and it was only 145MB. If you only have a blank DVD available, that's okay too of course.
5. Click the Create disc button.
   Windows 7 will now create the System Repair Disc on the blank disc you inserted in the previous step. No special disc burning software is required.
6. After the System Repair Disc creation is complete, Windows 7 displays a dialog box that you can close by clicking the Close button.
7. Click the OK button back on the original Create a system repair disc window that's now showing up on your screen.
8. Label the CD or DVD as "Windows 7 System Repair Disc" and keep it someplace safe.
   You can now boot from this disc to access the System Recovery diagnostic tools available for the Windows 7 operating system.

Principal repayment not elegible for deduction under DTC

Where house property is purchased using loaned funds, the owner is eligible for a deduction of Rs. 1,00,000 towards repayment of the principal amount of the housing loan. This deduction is however, subject to an overall cap along with various other prescribed investments under Section 80C of the Act. It is important to note that this benefit is not envisaged under the provisions of the new Direct Tax Code that will come into effect from April 1, 2012.

   

   

The benefit of interest deductions continue to exist in the proposed new Direct Tax Code.

   

The new Direct Tax Code also provides for similar exemption in respect of long-term capital gains. 

In addition to the above, investment in a house property is also eligible for exemption from payment of capital gains subject to fulfilment of certain conditions. To avail this benefit, the taxpayer would have to invest/reinvest the capital gains for purchasing HP. Such exemption is available only if the capital gain is a long-term and arises due to transfer of any long-term capital asset.

   

AMD launched new powerfull Chips

Advanced Micro Devices (AMD) has unveiled the Made-in-India Ontario chip, the first in the Fusion family chips that is going to make small computing devices such as netbooks and tablets three times powerful than when they work on the chips made by its competitors.
Another variant of Ontario, Zacate, will power desktops and laptops, with higher horsepower to run applications. This also allows users to search for people in videos using their photos as filters.
Developed by a 86-member team in Hyderabad in two years, the new generation chip marries the power of central processing unit (CPU) and graphics processing unit (GPU), promising to change the way gamers play games and people who watch videos on computing devices. First shipments of netbooks embedded with the thumb-sized Ontario have been sent to markets by companies such as Acer, while others are on the way to change designs to suit the new chip.
Eagerly awaited by gizmo lovers and industry watchers across the globe, the chip is likely to make its presence felt in the total available market of 10 crore units a year to power a variety of digital devices.

Create online form and paste on your website

Create your online form and paste it on your website

http://www.emailmeform.com/

True Telephone Conversations from IT company helpdesk

Helpdesk: Click on the 'my computer' icon on to the left of ! the screen.
Customer: Your left or my left? 

Helpdesk: Good day. How may I help you?
Male customer: Hello... I can't print.
Helpdesk: Would you click on start for me and ...
Customer: Listen pal; don't start getting technical on me! I'm not Bill Gates damn it!

Hi good afternoon, this is Martha, I can't print. Every time I try it says 'Can't find printer'. I've even lifted the printer and placed it in front of the monitor, but the computer still says he can't find it...

Customer: I have problems printing in red...
Helpdesk: Do you have a color printer?
Customer: No.

Helpdesk: What's on your monitor now ma'am?
Customer: A tedd! y bear my boyfriend bought for me in the supermarket. 

Helpdesk: Your password is the small letter a as in apple, a capital letter V as in! Victor, the number 7.
Customer: Is that 7 in capital letters?

Helpdesk: What antivirus program do you use?
Customer: Netscape.
Helpdesk: That's not an antivirus program.
Customer: Oh, sorry...Internet Explorer.

Helpdesk: How may I help you?
Customer: I'm writing my first e-mail.
Helpdesk: OK, and, what seems to be the problem?
Customer: Well, I have the letter a,
but how do I get the circle around it?

Tarqenbein Lyrics

Inspirational Lyrics 

Hum kal ke kal niptenge jo hoga dekh lenge

Hum tas se mas na honge jo hoga dekh lenge

Thande padee jo haunsleeee sekh lenge

Chadte suraj koooo choooooo ke dekh lenge

Tension vension kya hai bas mathe k bal hote hain

Beparwah muskano se hi masle hal hote hain

Aazmaaa le aazmaaaa le changi hai tarkeebein

Tarkeebein, tarkeebein kitni hai tarkeebein

Tarkeebein, tarkeebein apni hai tarkeebein

Be carefull of following in an Interview?

1. Lying
Although it's tempting, it doesn't work. By all means gloss over the unflattering things. But out-right fibbing NEVER pays.

Mark Twain said: "If you tell the truth, you never have to remember anything." Think about it. They will catch you out later.

2. Slating your current company or boss
Fedup with your current job and would give anything to leave becausethey've treated you badly? Your job interview is NOT the time to seekrevenge. Bear in mind that the interviewer will be listening to youranswers and thinking about what it would be like to work with you. Askyourself: do you like working with people who constantly criticiseothers? Isn't it a bit wearing? The trouble is that the interviewerdraws massive conclusions from your answers. So your throwaway commentabout your boss or employer may be interpreted to be your "standard"way of thinking. It makes you look bad, not your employer.

3. Being Rude
Ifyou find you were accidentally rude, then apologise calmly andgenuinely. Then leave it behind you and get on with the rest of theinterview. If you dwell on it, it will affect your performance. What's"rude"? Well, that depends on your audience. As a rule of thumb, avoidcracking jokes about potentially sensitive topics and beware of beingtoo "pally" with the interviewer: polite and friendly is enough. Afterall, you're not in the pub with them. So stay professional. Also bearin mind that everyone you meet could be involved in the selectionprocess. So blanking the receptionist or talking down to the juniormembers of staff could cost you the job.

4. Complaining
Ok,so your train journey might have been a nightmare and maybe you thoughtthe tube would never arrive, or the tailbacks on the motorway wereendless. But your interviewer doesn't want to know that!
Complaining,even in jest, is not a recommended icebreaker. It may be completelyharmless, or it might simply make the interviewer switch off. Don't letcomplaining set the tone for the interview!

5. Talking about people you don't get on with at work
Thesedays, it's common to be asked how you deal with conflict. Companiesrealise the importance of interpersonal relationships in the workingenvironment. So if they ask you about difficult people or situations,make sure you hold back from character assassination and blaming othersfor problems because it won't do you any favours! If you accidentallydo "break" this rule, apologise and explain what you "really" meant.

6. Not Being Prepared
Re-readthe relevant version of your CV and the job advert, just before theinterview. You'd be surprised how many people can't remember what theywrote on their CV. And if you remember what type of person the jobadvert was looking for, it's easier to demonstrate that you have thosequalities.
Makesure you've brought with you anything you were asked for. It's fine tobring a note-pad and pen, but make sure they're tidy. It's even ok tobring notes with you; particularly if you have any questions you wantto ask. It shows you're taking the job application seriously.Ill-prepared candidates rarely get job offers.

7. Appearing to be too nervous, or too confident
Ifyou appear too nervous they'll think you're not confident enough to dothe job. However, appearing too confident will make them think youwon't fit into the team. If interview nerves are an issue for you, it'sworth getting practical help from a professional, such as an interviewcoach.


8. Making a weak first impression
Unfortunately,no matter how hard the interviewer tries, a lot of "don't want to hirethem" decisions are made in the first few minutes of contact. If youmake a strong first impression, the interviewer will be more inclinedto overlook "imperfections" in your answers.

9. Not having researched the company

Asa general rule, the more famous the brand, the more they will expectyou to have done your homework. Researching the company shows you'reserious about the job.


10. Putting your foot in it and not noticing
Yes,we know, you didn't mean to put your foot in it. But it doesn't reallymatter what you intended. What counts is how the other person reacts.So what can you do? Be prepared to simply say "sorry, that's not what Imeant!" This requires you to actually be paying attention to theinterviewer, rather than your own thoughts and feelings. Once you'veapologised, leave it there, take a deep breath to help you relax andmove on with the job interview.

Number Portablity service starts in Haryana

After a delay of more than two years, Mobile Number Portability (which allows subscribers to retain their existing mobile telephone numbers when they switch from one operator to another) will debut today starting from Rohtak in Haryana.

Consumers who are not happy with their existing operator can move to another, irrespective of mobile technology or from one technology to another of the same operator within a circle. The system is likely to be launched in other parts of the country by the end of December provided the operators are ready with their network.

Process

For porting, a subscriber has to send an SMS (PORTMobile Number) from the number he wishes to be ported, to number 1900. The subscriber will receive a Unique Porting Code (UPC) by SMS from his current service provider.

The subscriber will need to apply in the prescribed application form to the chosen new service provider quoting the UPC which will act as a reference while filling up the application form with the new service provider. The new service provider will then take action to get the required processes completed to enable the subscriber get connected to his network. Porting has to be completed within seven working days. TRAI has fixed a ceiling of Rs 19 on porting charges which the new service provider may collect from the subscriber. Post-paid subscribers, before making the porting request, have to make sure that their last bill has been paid failing which the request for change to new service provider shall be rejected.

In the case of pre-paid subscriber, any balance amount left will not be carried forward when the number is transferred to the new service provider. Once a subscriber ports his number to the new operator, then, he will have to wait for at least 90 days before he can change his operator again.

According to TRAI estimates, about 10 per cent of the mobile subscriber base is expected to avail itself of the service in the first year, which will fall down to just 5 per cent by the third year. But the system will force operators to improve their quality of service and create differentiation in services not only to retain their existing subscriber base but also to attract customers from other players. New operators are looking at MNP as an opportunity to wean away high-end customers cornered by incumbent players, especially in the post-paid segment. On the other hand, incumbent players are planning to leverage their pan-India network and reach to attract subscribers.

3G services

Industry watchers say that there could be a significant movement from CDMA network to GSM. MNP will also play a significant role in the 3G space as not all the operators have spectrum. So, a subscriber of a mobile operator which does not have 3G services may look to move to an operator who has.

IFRS expected to be notified by Dec-10

The government on Tuesday said it will notify the new accounting norms in sync with international practice IFRS for India Inc by the end of this year, and ensured that the April, 2011 deadline will not be missed.

Speaking at an Assocham conference on International Financial Reporting Standards (IFRS), Corporate Affairs Secretary R Bandyopadhayay said the accounting standards are almost ready and all issues, including the tax implications for the convergence, will also be resolved.

"By the end of December, we will notify the converged accounting norms...all issues are almost resolved and we are confident that by the next fiscal, that is April, 2011, Indian companies will prepare their accounts books as per the IFRS," Bandyopadhayay said.

The taxation committee of Institute of Chartered Accountants of India (ICAI), which is helping the government with preparing the IFRS convergence, is almost ready with the recommendations, said Corporate Affairs Joint Secretary Renuka Kumar.

Another issue that needs a re-look is projecting value of an asset in account books. While some are in favour of arriving at the value in terms of historical cost, others believe in the fair value concept.

In accounting, fair value is defined as an estimate of the potential market price of a good or service, taking into consideration factors like acquisition, production and distribution costs and replacement costs.

However, the historical cost does not consider these factors and instead, is calculated at the initial value.

Soon after the issues are resolved, the National Advisory Committee on Accounting Standards (NACAS), the final recommending body for IFRS, will notify all the 37 standards.

In the ongoing winter session of Parliament, the government is also expected to come out with an amendment to the Companies Act, 1956 to pave way for the convergence of the Indian accounting norms with the IFRS.

According to the roadmap laid out by the Ministry of Corporate Affairs , companies with a networth of over Rs 1,000 crore, will have to prepare their account books as per the IFRS from April, 2011.

Further, while scheduled commercial banks and urban cooperative banks will adopt it from April 1, 2013, all insurance companies will convert their opening balance sheets with IFRS from April, 2012.

Listed large non-banking finance companies (NBFCs) will converge their opening books of accounts with IFRS norms from April 1, 2013.

Lower Lock in period in Insurance

Insurance regulator IRDA on Tuesday said that all universal life products, a new kind of insurance which entered India recently and gives greater flexibility to customers, will not have any unit-linked component in them.

IRDA also said that from now, all such products will be named variable insurance products (VIPs) and have a lock-in period of at least three years.

The regulator prescribed that all VIPs should provide death benefits equal to the guaranteed sum assured plus the balance in the policy account while the maturity benefit should equal the balance in the policy account together with a terminal bonus, if any, as applicable. It also said that the sum assured under these policies should be at least ten times the annual premium.

As of now, no group insurance is allowed by IRDA to operate under these policies. Single premium or limited premium structures are also not be allowed for VIPs.

Specifiying on the cost structure, IRDA said that the maximum expense, including commission, should not be more than 27.5% of the premium, while for the second and the third year, this will be capped at 7.5%. From the fourth year onward, the expense is capped at 5%. The regulator also said that the minimum policy and premium payment term shall be five years.

TDS to be deducted at the time of payment and in some case at the time of credit

TDS to be deducted at the time of Journal Entry

Assesse needs to deduct and deposit TDS at the time of passing the journal entry in books or at the time of making the expense payable.

On Payment Basis	On Payment or credit Basis whichever is earlier	Relevant Section requiring to deduct on credit
Salaries (192)	Interest on securities (193)	Explanation at the end.
Dividend u/s 2(22)(e) (194)	Interest other than interest on securities (194A)	Explanation to Section 1
Winning from lotteries or crossword puzzles (194B)	Payment to Contactors (194C)	194C(2)
Winning from horse races (194BB)	Insurance commission (194D)	Not Specifically mentioned
Payment in respect of NSC 1987 (194EE)	Payment to non Resident sportsperson/sports association (194E)	Not Specifically mentioned
Payment for repurchase of MF & UTI units (194F)	Commission on sale of lottery tickets (194G)	Explanation at the end.
Compensation/enhanced compensation/consideration/ Enhanced consideration for compulsory acquisition of land or building.(194LA)	Commission or brokerage (194H)	Explanation (iv) at the end.
	Rent (194I)	Explanation (ii) at the end.
	Fees for professional and technical services.(194J)	Explanation (c) at the end.
	Non-resident, not being a company, or to a foreign company	Explanation to Section 1

In case any persons ignores the aforesaid provision for deducting TDS at the time of Journal Entry then he would be liable to pay interst u/s 201(1A) as follows:-

(1A) Without prejudice to the provisions of sub-section (1), if any such person, principal officer or company as is referred to in that sub-section does not deduct the whole or any part of the tax or after deducting fails to pay the tax as required by or under this Act, he or it shall be liable to pay simple interest,—

(i) at one per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and

(ii) at one and one-half per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid, and such interest shall be paid before furnishing the statement in accordance with the provisions of sub-section (3) of section 200.”.

Thus for late deduction one has to pay interest u/s 201(1A)(i) and for late payment interest has to be paid u/s 201(1A)(ii).