The Basics Never Change
September 26, 2013 Leave a comment
Insights Into The E-bay Marketplace
September 26, 2013 8 Comments
E-bay is a simple way to get started in retailing.In case you have been thinking of getting started on selling stuff online you are going to find the following facts culled from the first Online Business Index compiled by e-bay interesting.Below you will get an idea of your competition and the scope for making money using e-bay.
There are some 30,000 small businesses selling on e-bay in India.
About 15,000 small e-bay businesses in India export by shipping goods internationally.
Some businesses have an offline presence but most are pure online businesses.For the online only businesses,e-bay is the main sales channel,followed by their own e-commerce website,social media presence ,affiliate marketing and shopping comparison sites.
The turnover of e-bay India’s top sellers ranges from $60.000-$6.4 million
About 65% of local businesses are sole proprietorships Read more of this post
Working The Golf Course
September 25, 2013 Leave a comment
Are you planning on networking over golf?If so,here are some things to remember:
Do Your Homework When Picking Out a Course: It should be one all of you will enjoy. Find out if the course has just aerated the greens. If so, steer clear. Is there major construction in the clubhouse or facilities? Where you choose to tee-off says a lot about how detail-oriented you are at work.
Be on Your Best Behaviour :Sports are revealing, your true personality is bound to show. Do you cheat? Are you a sore loser? Do you want your fellow players to think highly of you? Then put your best foot forward.
Observe Dress Codes :Picking the right outfit is also a test. Don’t be sloppy. Pick a style that works for you out of golf’s many fashion trends . Read more of this post
Lalbaugcha Raja Auction
September 25, 2013 6 Comments
I spent last evening at the Lalbaugcha Raja auction.It was my first time.
I am pretty pleased with my “prasad”-a lovely silver modak that just comfortably overflows my cupped hands.It’s a great item to put on my desk and watch the play of light on.Anytime,I want a physical reminder of the abundance of good things God has given me in life,I have but to pick up this modak.
One of the items for auction ,that caught my attention was a gold foot ball .All the items up for auction have been donated by devotees whose wishes have been granted.So when we see a model house or cradle we can guess what wish was granted.Now a football?Makes you wonder what the wish was for…..Also last year I remember seeing such a foot ball in the papers too.So I got googling after dinner and came across a shocking story in an old copy of the Mid-Day:Link Read more of this post
Income Tax And The Depreciation Of Motor-Vehicles
September 24, 2013 6 Comments
If you are carrying on a business or profession one of the major instruments of reducing taxes is to claim depreciation on the purchase of your vehicle.
Any expenditure incurred for the purpose of the business is allowed as a deduction from your business profits; as such, expenditure incurred on a vehicle used in the business viz fuel expenses, repairs & maintenance expenditure, vehicle insurance are allowed as deductions. Besides, in computing income from business one of the most important items of allowances is the allowance for depreciation, provided by Section 32 of the Income Tax Act.
Depreciation is a non-cash expense which results from the reduction/diminution in the value of certain capital assets including vehicles etc. This deduction towards depreciation is very essential to arrive at the Income from Business/profession of the taxpayer and also to amortize the capital cost of the amount invested in business assets like factory building, machinery, plant, furniture, vehicles etc. The purpose of allowing depreciation is to provide in the course of time for replacement of the asset which is allowed to be depreciated over a period of time. Read more of this post
wealthymatters 