Income tax & Savings management

1.80C 
Qualifying products: NSC, notified bank deposits and post office time deposits, EPF and PPF, ELSS, life insurance plans, deferred pension plans 
Mandatory requirements: Payment has to be made before 31 March 2008 
Who can avail the deduction: Individuals and HUF (both resident and non-resident) 
How much: Cannot exceed Rs 1 lakh. 

2. 80CCC 
Qualifying products: Pension plans of life insurers 
Mandatory requirements: Payment has to be made before 31 March 2008 
Who can avail the deduction: Individuals 
How much: Within the overall limit of Section 80C (up to Rs 1 lakh) 

3. 80D 
Qualifying products: Medical insurance policies taken for self, spouse, dependant parents or children, or any member of HUF 
Mandatory requirements: Premium should be paid through a cheque out of income chargeable to tax 
Who can avail the deduction: Individuals, HUF 
How much: Up to Rs 15,000; senior citizens can claim up to Rs 20,000 

4. 80DD 
Qualifying products: Expenses on the medical treatment of a dependent who is a person with a disability 
Mandatory requirements: Certification by a medical authority 
Who can avail the deduction: Resident individual or HUF 
How much: Up to Rs 50,000, or up to Rs 75,000 if the dependant is a person with severe disability 

5. 80DDB 
Qualifying products: Expenses on the medical treatment of a specified disease (cancer, AIDS, neurological diseases, chronic renal failure and more) 
Mandatory requirements: Certificate in Form No. 10-I to be submitted along with the income tax return form. Deduction is available if the amount is actually paid for treatment 
Who can avail the deduction: Resident individuals or HUF 
How much: Rs 40,000 (if the person treated upon is less than 65 years of age), or Rs 60,000 

6. 80E 
Qualifying products: Payment of interest on loan taken for higher studies 
Mandatory requirements: Deduction is available in the year in which repayment starts and only for eight immediately succeeding assessment years 
Who can avail the deduction: Individuals 
How much: Deduction available on the total interest portion of education loan, the principal repayment gets no tax advantage 

7. 80G 
Qualifying products: Donations to certain funds and charitable institutions 
Mandatory requirements: Not applicable 
Who can avail the deduction: Resident individuals or HUF 
How much: 50 or 100 per cent deduction on the entire donated amount, or 50 or 100 per cent deduction subject to 10 per cent of gross total income 

8. 80GG 
Qualifying products: Rent paid for residential purpose 
Mandatory requirements: Should not be getting house rent allowance. Actual rent paid is in excess of 10% of the total income 
Who can avail the deduction: Self-employed or salaried 
How much: Excess of actual rent paid over 10 per cent of GTI, or 25 per cent of GTI, or Rs 2,000 per month, whichever is the lowest 

9. 80U 
Qualifying products: Expenses incurred on self, if disabled 
Mandatory requirements: Certification by a medical authority to be furnished along with the income tax return form 
Who can avail the deduction: Resident individuals 
How much: Rs 50,000 for a person with disability, Rs 75,000 for a person with severe disability (disability of over 80 per cent) 

Telecom Towers Infrastructure Modification

Theme:
This post is regarding the modification of the telecom tower designs for more signal coverage and lower expenditures on tower implantation in urban areas.

Idea:
All the inputs are given from my personal studies in various telecom companies.
In urban areas, normally the tower implantation distance is taken as approx 300-400 meters.
If the tower height is increased and using signal amplifiers the signal strength can also be increased covering more area.

Revolution:
The number of tower implantation can be reduced up to an extent and which is cost specific as a single tower costs around 3 million INR. Also, because of signal amplification good signals can be provided to the users.

IF ANY SUGGESSTIONS ARE THERE OR IF THERE IS ANY FULL REJECTION OF THE CONCEPT PLEASE FEEL FREE TO POST AS THIS IS BASED ON PERSONAL STUDY AND YES I AM NOT AN ELECTRONICAL OR CIVIL ENGINEER. :)

Demystifying Dragon..Learnings from China.

In a talk organized by the Emerging Markets club and the Entrepreneurship and Venture Capital (EVC) club at the Indian School of Business (ISB), Ramakrishna Velamuri, Visiting Associate Professor of Entrepreneurship at the ISB, spoke about ‘Demystifying the Dragon- What the world can learn from China’.

Some of the differences between the two largest emerging markets – higher rate of migration of labor from agriculture to Industry in China, lower percentage of labor force in the service sector in India and lower capital efficiency in China. “China had to invest a lot more to maintain its nine to ten percent growth,” . Adding to it, even though India had the advantage of having a younger population, China scored in the areas of technology diffusion, gender equality and health-care. “Literacy, health care and gender equality were the drivers of economic growth, not the consequence of economic growth,”.

Velamuri said the democratic system of government, a free press, dependence on private initiatives compared to government measures and lower dependence on foreign trade were some beneficial factors for India. The historical neglect of primary education, delivery of healthcare to the masses, gender equality, physical infrastructure, speed of political decision making and manufacturing costs were some unfavorable areas for India vis-à-vis China.

The Emerging Markets Club is focused on the rapidly changing face of the global economy and the increasing importance of the emerging economies in global affairs. And the EVC club focuses on encouraging and fostering entrepreneurship among the student body, provides practical learning opportunities to minimize risk and maximize success in ventures, and facilitates interaction with experienced entrepreneurs, industry experts and venture capitalists to gain insight and inspiration.