The Effects of Flipping on Your Taxes

If you are looking at making a quick hundred-thousand on real estate flipping, you may find it is quick, but not as lucrative as you thought. With housing prices on the rise across the nation, flipping has become the hottest investment trend. You buy a property and quickly resell it at a higher price. Most … Read more

THE TRUTH WILLS OUT

UNCOMMON COMMON SENSE For People Who Think   THE TRUTH WILLS OUT   Amid all the Red Herrings splashed across the entire Media, the one really big and significant event, which was completely ignored by the Media, happened on Saturday 9/12: We had the first huge demonstration against being taxed to death. There were about … Read more

Change in Rate of Service Tax on Money Changers

Change in Rate of Service Tax on Money Changers   Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC]   With effect from 16.05.2008, the services pertaining to purchase or sale of foreign currency, including money changing was brought under service tax. The authorised dealers in foreign exchange or authorized changers were also covered. The … Read more

General Knowledge Pt. XVIII

  What is uranium dating? Uranium dating is one of the ways of determining the age of ancient objects, even one million years old, by measuring how much of the following are present in them: the amount of radioactive isotopes of uranium, and the amount of other materials into which the radioactive isotopes would decompose. … Read more

International Monetary Fund – Kill or Cure

This was the title of the cover page of the prestigious magazine, “The Economist” in its issue of 10/1/98. The more involved the IMF gets in the world economy – the more controversy surrounds it. Economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes. … Read more