Ten Characteristics Of Self-Made Billionaires


wealthymatters1. High Sensitivity and Awareness

Beyond perceived eccentricities for things like timing, color, food, fragrance or texture, a self-made billionaire’s sensitivities can be heightened to the point of distraction, isolation or even debilitation. On the positive side, they each have their own unique sensitivities and heightened awareness that can seem extrasensory: everything from design functionality and perfect pitch, obsessions over air and water quality, knowing—with certainty—when someone else is dealing with a crisis. However, what’s special about the self-made billionaire is how they find ways to leverage their sensitivities and awareness to increase performance. Read more of this post

Axis Pay


wealthymatters

Like PayPal and similar payment systems that you can operate without giving out or asking for other people’s bank or credit card details? A PayPal-like service with no fees? A PayPal-like service that allows instant money transfers and receipts ?

Now you have Axis Pay.Axis Pay is an easy to use app which you can link to any bank account, even those not with Axis Bank, to send or receive payments to anybody instantly and securely, with just your name. And all for free !!!!

Axis pay is powered by the UPI. UPI stands for Unified Payments Interface which is a platform provided by the NPCI ,i.e. National Payments Corporation of India, to facilitate inter-operability among various banks. It’s a one stop solution for multiple bank accounts ,in various banks, accessible via one app. It allows all account holders to send and receive money using their smartphones with a single identifier called virtual payments address(VPA) .VPA is a unique ID which a person must create and link to any of their bank accounts to make secure payments. This unique ID can be yourname@axisbank or mobilenumber@axisbank etc which is easy to remember. Each VPA is unique to a particular user. So there is no need to know the payee’s or payer’s IFSC code, bank account details, etc. and this makes the process less taxing on the a person’s memory. Read more of this post

Demonetization And Inflation


“When M1 enters the banking system and bumps up M3,that will, ceteris paribus, give an upward thrust to inflation .”

Service Tax And Bloggers


wealthymattersService Tax is a tax which is paid by the provider of service. Any person whose revenue from providing service (whether Consultancy/ Affiliate Sales/ Designing/ SEO or any other service) during the year is more than Rs. 10 Lakh is liable to pay service tax as per the tax rates prescribed by the govt.The govt keeps changing the service tax rate in the budget announced every year.

Sale of Ad Space is now a part of Service and Service Tax . From 1st July 2012 till 30th Sept 2014 the sale of ad space was specifically exempted from the levy of Service Tax as this was included in the negative list of services on which service tax is not applicable.However, Budget 2014 brought in an amendment and now sale of Ad Unit  attracts Service Tax . This Service Tax is applicable on all kinds of digital ads i.e. Direct Ad Sales, Google Adwords Ads, Ad Sales through Agents etc. Read more of this post

Income Tax For Bloggers


wealthymattersIncome of bloggers engaged in the profession of blogging is through:
1.Advertisements
2.Affiliate Sales
3.Services like Blog Consultancy, Blog Designing, SEO Services, Content Services etc
4.Any other Source like Freelance income etc.

While computing the income on which tax is to be paid, the total of all incomes earned by a blogger is taken into account. However, Income Tax is not payable on the Total Revenue earned but is payable on the Total Income earned. Total Revenue is the Gross Amount received and Total Income is the amount earned after Depreciation and Payment of Expenses incurred for the purpose of earning the Revenue. Read more of this post

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