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July 28, 2011

Training Education of Partner allowed as deduction


Madras High Court in the case of Addl. CIT v. Southern Leather Industries, 164 ITR 194, held expenditure incurred by partners of a firm for undertaking foreign tours to attend an international trade fair, as revenue expenditure. Calcutta High Court in the case of Hindustan Aluminium Corporation Ltd. v. CIT, 159 ITR 673, held that expenditure incurred on training of employees in the USA in running an aluminium factory was held to be an allowable deduction.

Madhya Pradesh High Court in the case of CIT v. Kohinoor Paper Products, 226 ITR 220 found that the expenditure incurred was not in the nature of capital expenditure or for personal expenses, but was expended wholly and exclusively for the purpose of business of the assesse.

July 27, 2011

Salary Negotiation at the time of Interview


Almost all of us have been into the experience of negotiating salary but how successful have you been in achieving the target that you had set for yourself. One of the main criteria is to how to get the best possible offer out of an organization.
Here are few steps for our readers to land up to their expected salary.


1. Research the normal salary range for this type of position.

Make sure you have your research work in place. Find the actual salary guidelines for the job grade or position. You can also have a look at what other companies are paying individuals with your skills and education by checking out third party research. Moreover there are a variety of salary surveys that you as an individual can access over the Internet. Go for browsing job postings and classified ads.

2. Have a Range Rather Than a Single Figure

When pressed for your salary requirements, you should always be sure to offer a range based on what others in the field are earning, rather than a single fixed number. This will provide a flexibility of bargaining both to the organization as well as you.
It is very important to determine where to draw the line. Hence when you are negotiating for fees or salary you need to find your absolute minimum, which is the lowest amount you can accept in order to be happy, live in relative comfort life. Going lower than this figure, almost regardless of any other factors, should be entirely unacceptable to you.

3. Don't Sell Yourself Short
One common mistake when talking about previous salary is forgetting to include benefits as part of your total compensation. Hence do take the generous benefits also into account. Take the best you deserve out of the offer and do not hesitate to put that forth.

This will prove useful if you find you are not able to negotiate on the amount of money you are earning. For example, if you are coming from a job where you had five weeks of paid vacation to one where you will only have two, negotiating more time off might be easier than winning a higher salary.


However if you are coming out of unemployment, do not expect to have as much negotiating power. In fact, you might have to settle for less. If it seems to be a life time opportunity grab it and handle the low ball offer in a smooth way.

July 26, 2011

Comparison of 42 LCD




Company
Product Code
Price
Resolution
Contrast Ratio
Response time
Audio
Extra feature
Videocon
VML42WBK
50K
1920X1080
1L:1
5 MS
200W
S-video
LG
42LH60YR
48K
1920X1080
1.5L:1


2 MS
700W
IPS enabled









IPS enabled LCD panel responds faster and expresses more smooth moving images as compared to normal LCD panel.

Comaprision of LCD & LED TV


These day’s two types of Displays are very famous. These are LED and LCD displays. LED stands for Light Emitting Diodes displays and LCD are Liquid Crystal Displays. When a person wants to buy a new display device whether a Monitor for his/her PC or a new TV, he generally gets confused between these two types of displays. Today i will discuss about difference between these display devices.
LED TVs are the new breed of televisions that have arrived in the market. Now let’s compare their features:

Contrast/Black Levels
Compared to the conventional LCD display, LED displays have better contrast ratio which is much higher than LCD displays.

Viewing angles
In LCD display, the contrast ratio of the image diminished at wider viewing angles, beyond thirty degrees away from the centre. However, LED display does not have this disadvantage. LED display is able to match the viewing angle of plasma TVs.

Video playback
LED displays have faster response rate time. Therefore, motion lag problem have been resolved with LED technology. Similarly, in fast action video, blurring of images do not occur.

Power Consumption
LED display consumes more power than LCD display.