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Income tax slabs 2011-2012 for General tax payers

Sunil Bhave
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Income tax slabs 2011-2012 for General tax payers
0 to 1,80,000 No tax
1,80,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

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Income tax slabs 2011-2012 for Women
0 to 1,90,000 No tax
1,90,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Income tax slabs 2011-2012 for Senior citizen (Aged 60 years but less than 80 years)
0 to 2,50,000 No tax
2,50,001 to 5,00,000 10%
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

Income tax slabs 2011-2012 for Very Senior citizen (Above 80 years)
0 to 5,00,000 No tax
5,00,001 to 8,00,000 20%
Above 8,00,000 30%

In addition to that, 2% of Education Cess & 1% of Secondary & Higher Education Cess will levied on the tax payable amount.

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Recruitment And Selection Process (HR work)

Sunil Bhave
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0
Vacancy is known in two situations (generally):

ü  An employee leaves and there is a vacancy created
ü  Business Growth
The vacancy is intimated to the HR department by the concerned technical department.
Ensure that judgement of abilities, experience and qualifications is made against the requirements of the position in question.
1) Defining the Requirement – Decide what vacancy you have. If you need to fill a new role quickly you might find it helpful to adapt one of the models provided here:
  • Task analysis – Draw up a detailed list of tasks that the person will have to do.
This helps in determining the qualities and qualifications genuinely   required for the job.
  • Job description – Produce an outline of the broad responsibilities (rather than
detailed tasks) involved in the job.
  • Person specification – Decide what skills, experience, qualifications and attributes

someone will need to do the job as defined in the task analysis and job description.
2) Selection – Select your candidate being objective and unbiased. Choose the person who best fits your person specification.
  • Short listing: Review applications on the basis of the person specification. Ensure
that you select for interview those who match the specifications, regardless of age, sex, race etc, and that the specifications are not themselves discriminatory.
  • Interviews: Interview your short-listed candidates remembering that your job is
not only to assess the best candidate for the job, but also to create a great impression of your organization.
3) Candidate assessments – The interview will provide you with some information
but check it out before offering a job.
  • Ask the candidate to show you examples of previous work, do a presentation, a case study, some tests or full assessment. Tests can be done before the interview or after the interview. It depends on the number of candidates being interviewed and the type of job.
  • You must have the specific permission of the applicant to do so, particularly if you wish to contact their current employer. If you need them quickly, try phoning.
4) Making a Job Offer – If you think you have found the right candidate, it’s time to make
the job-offer.
5) Induction – Help your new recruit to settle in quickly and become productive as soon as possible.
Now, Let us see a little more in detail how this process can be divided into stages and how best to execute the process:
The Recruitment Process:
The recruitment process begins when you know you need someone new in the Department, either because an existing staff member has left, or because there is new work to be done. It doesn’t finish until after the appointment has been made.


The main stages are identified in the below flow chart –
Identify Vacancy
¯
Prepare Job Description and person Specification
¯
Advertise
¯
Managing the Response
¯
Short-listing
¯
References
¯
Arrange Interviews
¯
Conduct The Interview
¯
Decision Making
¯
Convey The Decision
¯
Appointment Action

PRE-INTERVIEW

# Preparation of recruitment /selection document for the position
# Advertising
  • Preparing advertisement
  • Media selection
  • Positioning
# Response handling
  • Initial interview online or telephone
  • Short-listing for interviews
  • Interview arrangement
  • Sending emails or calling short listed candidates
  • Interview details to the short listed candidates
# During Interview
  • HR interview
  • Technical interview
  • Conducting tests [Aptitude / Mathematical / Analytical etc.]
  • Initial final list of candidates.
  • Reference check (if required)

POST-INTERVIEW

# Email or Telephone call to unsuccessful candidates
# Technical Manager approval for a start up date.
# Email or Telephone call to successful candidates
# HRM prepares a letter of appointment
Recruitment Cycle Time:
To bring in more effectiveness in the recruitment process, HR would follow a specific project deadline of 38 days (from the day it had received the approved Manpower Requisition) to hire a new employee. 

Organizing the First Technical Interviews
5 days
Organizing the Final Interviews
4 days
Sessions to take the final decisions
3 days
III
Preparing the Salary Proposal, Negotiate with the selected candidates & offer closure
6 days

The process specific schedule break-up is mentioned below
Examples of OPEN Questions for Candidates:
Q. Please tell us about the problems you have handled as a Programmer / Supervisor?
Q. Please tell us how do you work well within a team?
Q. Please give us an example of how you have dealt with conflict within your team?
Examples of CLOSED Questions for Candidates:
Q. Have you handled problems as a Programmer / Supervisor?
Q. Do you work well within a team?
Q. Are able to deal with conflict?
Phase
Activities
Time frame
I
Role Identification, Job Description, CV Sourcing & Initial HR short-listing
15 days
II
Organizing the Written Tests
5 days

Why and How to Investment in Shares

Sunil Bhave
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0
It is a well known fact that the markets have outperformed other asset classes such as property over time. Investing in shares offer tax benefits, diversification, flexibility and control over your own financial future. Buying a share (or in other words the stock) means that you are buying a share of the company. You own a share of the profits, which are handed down to shareholders through dividends and you can also see capital growth as share price increases. The company benefits from listing on the stock market as they can finance their business or an expansion plan without needing to borrow money.
But before you jump into investing into any company shares, here are a few important questions to ponder and answer to help assess your own financial situation and your financial goals for the future: What is the outcome that you want to achieve from investing in shares? What kind of return would you like? Income from company dividends or capital growth? Are you aware of the risks? And are you prepared to take the risk of investing your capital in the sharemarket for the opportunity for a return?
Starting capital for investing in shares can vary greatly: but if you are looking to start with the minimal amount, you can start investing from $500 plus brokerage costs. However, most people start with $2000.
Another part of a sound comprehensive investment plan (of which investing in shares is one component) is considering your time frame as well as your age. For example, someone who is young have the time to risk a little more (since they have time to recover any major losses) but may have limited capital to invest with. Older people have less time to correct any major loss, hence have to choose more secure investments but are more likely to have more capital to play with.
Holding shares and investing in stocks may have tax implications and you may be eligible for some tax benefits. When companies have paid tax on their profits, as the dividends are distributed to the shareholders, tax credits which are called franking credits are included per share. The franking credits can then be used to offset the tax payable on your other income. Another tax benefit that may be available to you is a 50 percent discount on capital gains payable if you hold your shares for longer than 12 months. Please obtain professional advice from your accountant which suits your particular circumstances.
Investing in shares allows you the investor to diversify. This will spread your risk and you may choose to distribute your risk over different industry sectors such as financial services, healthcare or the risky exploration sector.
Another benefit in investing in shares is that you basically have flexibility of choice: you can buy or sell shares quickly as you please. For highly liquid shares, once you execute a sell order, you have access to your cash within two days. Compared to other investment classes (such as real estate) it may take much longer to exchange or liquidate your investment into cash.
Finally, choosing to invest in shares you’ve basically put yourself into the driving seat of your financial future. You’ve got the steering wheel and you are in charge of controlling your financial future – you have the responsibility of choosing where your investment capital will be placed and for how long. You may also choose to use a full service broker to give you further advice.

Tally ERP 9 Tips and Tricks

Sunil Bhave
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0
When you want to repeat last narration of last voucher, then go to narration of the voucher and Press Ctrl +R it will place the last narration and will save your time to write to write narration again and again
You are entering vouchers and suppose you made a mistake in entry however the voucher was saved now you want to alter it, then you will need to follow a big long procedure.
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But I will explain you here by which you will be able to modify the voucher without going to related ledger account and without leaving voucher entry screen, Hit the page up button from your voucher screen and you will find the last entered voucher there. now you can modify it easily alter the voucher.
Similarly you can edit any voucher by this way by selecting a date and pressing page up button again and again and you will find voucher entries one by one for that particular date.
Sometimes Ago, I already explained how to create a new ledger account when you are in the middle of a voucher just press ctrl+c and you will find the ledger creation screen and if you want to alter name or group of any ledger you can also do the same without leaving the voucher entry screen. just recall that voucher select the ledger you wanted to alter press enter one time you and go the amount field now hit back button and come back to the same ledger account and press Ctrl+Enter here you can modify name ,group or any details you want to modify
You are entering amount and suppose you want to do calculation and you need the result of these calculation to be entered in the amount field. Here is a short cut for this too. Go to amount field and Press Ctrl+C and you will be redirected to calculation pane at the bottom of your tally screen.Make your calculation and after that Press ENTER the amount will be automatically field in the amount column
Wanted to send a screen shot of your tally voucher entry of tally screen or even a ledger ?
okay go the screen for what you wanted to take a screen shot and press PrtScr button of your key board (top right side of your keyboard) now go word press or excel and just press Ctrl+V and you will find the screen shot of your tally screen. you may send this through email to any body you wish so.

Wanted to delete a voucher ? okay go to that particular voucher and Press Alt +D

More tips and tricks very soon.. visit again.. Thanks

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Example of Gain or Loss on the Sale of Fixed Assets and the Cash Flow Statement

Sunil Bhave
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0

When fixed assets are sold, by definition, money is, or will be received.  The result is entries to Cash or Accounts Receivable.  You must also make entries to remove the Asset from the books and to remove any Accumulated Depreciation on the books for that Asset.  The result is that the sum of the debits will not equal the credits in this transaction.  The account that will be used to balance the debits and credits is called Gain on Disposition of Fixed Assets.  The following example will help explain these entries.

Consider a machine is originally purchased for $10,000 and is depreciated for 5 years using the straight-line method with $0 salvage value.  After 2 years the entries in the Ledger would look like this:
Equipment – Machine A
Accumulated Depreciation
$10,000
$2,000 (yr 1)
$2,000 (yr 2)
Now you decide to sell the machine for $8,000.  You will make entries that zero-out the Equipment and Accumulated Depreciation accounts (since they will no longer exist) and you must also account for the Cash or Accounts Receivable you now have due to the sale.  These Journal entries will look like this:
Dr.  Cash                                                                       $8,000
Dr.  Accumulated Depreciation                                      4,000
            Cr.  Equipment – Machine A                                                  $10,000
                                                                                    $12,000           $10,000
But you will notice that the Debits and Credits do not match.   This is corrected by using an account called Gain (Loss) on the Disposition of Assets or similar.  A Debit entry is a Loss (like an Expense) and a Credit entry is a Gain (like a Revenue).  In this case there will be a $2,000 Credit entry as shown below:
Dr.  Cash                                                                       $8,000
Dr.  Accumulated Depreciation                                      4,000
            Cr.  Equipment – Machine A                                                  $10,000
            Cr.  Gain (Loss) on Disposition                                              $2,000
                                                                                    $12,000           $12,000
Now debits and credits balance!

How does this transaction affect the Cash Flow Statement.  You will notice that the total value of Fixed Assets will be reduced on the Balance Sheet (a Source of Cash) and you have increased the Cash account.  These account for the cash flows from the transaction. 

GUIDELINES FOR PRACTICE IN CORPORATE FORM

Sunil Bhave
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0
Definition.
(i)      Managing Director, Whole-time Director and Manager –
The term “Managing Director”, “Whole-time Director” and “Manager” shall have the same meaning as defined/understood in the Companies Act, 1956.  For this purpose, the member in practice who is a Managing Director, Whole-time Director or Manager shall be full-time practitioner/proprietor/partner in a Chartered Accountants firm.
(ii)        Act – Act means The Chartered Accountants Act, 1949.
(iii)       Regulations – Regulations means the Chartered Accountants Regulations, 1988.
(iv)       Code of Ethics – Code of Ethics means the Code of Ethics issued by the Institute and decisions of the Council in this regard.
(v)         Institute – Institute means the Institute of Chartered Accountants of India.
(vi)       Council – Council means the Central Council of the Institute.
(vii)     Member – Member means a Member in Practice.  Member in Practice means a `Member in Practice’ as defined in the Chartered Accountants Act, 1949 and its Regulations.
(viii)    Management Consultancy & Other Services – Management Consultancy & Other Services or MCS means `Management Consultancy & Other Services’ permitted by the Council in pursuance to Section 2(2)(iv) of the Chartered Accountants Act, 1949. The definition of the expression “Management Consultancy and other Services” as appears at pages 8-10 of the Code of Ethics, 2005 edition is as under:
The expression “Management Consultancy and other Services” shall not include the function of statutory or periodical audit, tax (both direct taxes and indirect taxes) representation or advice concerning tax matters or acting as liquidator, trustee, executor, administrator, arbitrator or receiver, but shall include the following:
(i)       Financial management planning and financial policy determination.
(ii)      Capital structure planning and advice regarding raising finance.
(iii)     Working capital management.
(iv)     Preparing project reports and feasibility studies.
(v)      Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc.
(vi)     Budgeting including capital budgets and revenue budgets.
(vii)    Inventory management, material handling and storage.
(viii)    Market research and demand studies.
(ix)     Price-fixation and other management decision making.
(x)      Management accounting systems, cost control and value analysis.
(xi)     Control methods and management information and reporting.
(xii)     Personnel recruitment and selection.
(xiii)    Setting up executive incentive plans, wage incentive plans etc.
(xiv)    Management and operational audits.
(xv)    Valuation of shares and business and advice regarding amalgamation, merger and acquisition.
(xvi)    Business Policy, corporate planning, organisation development, growth and diversification.
(xvii)   Organisation structure and behaviour, development of human resources including design and conduct of training programmes, work study, job-description, job evaluation and evaluation of work loads.
(xviii)  Systems analysis and design, and computer related services including selection of hardware and development of software in all areas of services which can otherwise be rendered by a Chartered Accountant in practice and also to carry out any other professional services relating to EDP.
(xix)    Acting as advisor or consultant to an issue, including such matters as: –
 (a)     Drafting of prospectus and memorandum containing salient features of prospectus. Drafting and filing of listing agreement and completing formalities with Stock Exchanges, Registrar of Companies and SEBI.
 (b)    Preparation of publicity budget, advice regarding arrangements for selection of (i) ad-media, (ii) centres for holding conferences of brokers, investors, etc., (iii) bankers to issue, (iv) collection centres, (v) brokers to issue, (vi) underwriters and the underwriting arrangement, distribution of publicity and issue material including application form, prospectus and brochure and deciding on the quantum of issue material (In doing so, the relevant provisions of the Code of Ethics must be kept in mind).
(c) Advice regarding selection of various agencies connected with issue, namely Registrars to Issue, printers and advertising agencies.
(d) Advice on the post issue activities, e.g., follow up steps which include listing of instruments and despatch of certificates and refunds, with the various agencies connected with the work.
Explanation: For removal of doubts, it is hereby clarified that the activities of broking, underwriting and portfolio management are not permitted.
(xx)    Investment counseling in respect of securities [as defined in the Securities Contracts (Regulation) Act, 1956 and other financial instruments.] (In doing so, the relevant provisions of the Code of Ethics must be kept in mind).
(xxi)    Acting as registrar to an issue and for transfer of shares/other securities. (In doing so, the relevant provisions of the Code of Ethics must be kept in mind).
(xxii)   Quality Audit.
(xxiii)   Environment Audit.
(xxiv)  Energy Audit.
(xxv)   Acting as Recovery Consultant in the Banking Sector.
(xxvi) Insurance Financial Advisory Services under the Insurance Regulatory & Development Authority Act, 1999, including Insurance Brokerage.
(ix)       Management Consultancy Company – Management Consultancy Company means a Company which complies with the Guidelines for Practice in Corporate Form issued by the Institute.
(x)         Relative – Relative means “Relative” as defined in Appendix (9) of the Chartered Accountants Regulations, 1988, 2002 edition.
3.        Name of the Management Consultancy Company:
(i)           The Management Consultancy Company shall have a distinct name which shall be approved by the Institute. The prescribed format of application for approval of name for Management Consultancy Company is at Form `G’ (enclosed).
(ii)          Standards prescribed in Regulations 190 of the Chartered Accountants Regulations, 1988 shall be applicable to the name of the Management Consultancy Company.  However, even if a name is provided and subsequently it is found that the same is undesirable then, the said name can be withdrawn at any time by the Institute.  The provisions in respect of name of companies as prescribed in the Companies Act, 1956 shall be applicable in letter and spirit.
(iii)         The name of Management Consultancy Company may indicate the area of ‘Management Consultancy & Other Services’ permitted by the Council from time to time.
(iv)         The Management Consultancy Company shall neither be permitted to advertise nor to use logo.
4.        Registration:
After approval of the name under Guideline 3 and incorporation under the Companies Act, 1956, the Management Consultancy Company is required to be registered with the Institute in a prescribed Form ‘H’ (enclosed).
5.        Ethical Compliance:
(i)           Once the Management Consultancy Company is Registered with the Institute as per the Guidelines, it will be necessary for such a Company to comply with the following requirements: –
a)    If the individual practitioner/sole-proprietorship firm/partnership firm is the statutory auditor of an entity then the Management Consultancy Company should not accept the internal audit or book-keeping or such other professional assignments which are prohibited for the statutory auditor firm.
b)   The Notification No. 1-CA(7)/60/2002 dated 8th March, 2002 (enclosed) in respect of ceiling on Non-audit fees is applicable in relation to a Management Consultancy Company. 
c)    The Management Consultancy Company shall comply with clauses (6) & (7) of Part-I of the First Schedule to the Chartered Accountants Act, 1949 and such other directives as may be issued by the Institute from time to time.
(ii)          The Management Consultancy Company shall give an undertaking that it shall comply with clauses (6) & (7) of Part-I of the First Schedule to the Chartered Accountants Act, 1949 and such other directives as may be issued by the Institute from time to time.
6.        Object of Management Consultancy Company:
The Management Consultancy Company shall engage itself only in Management Consultancy & Other Services. The Management Consultancy Company shall give an undertaking that it shall render only Management Consultancy & Other Services prescribed by the Council pursuant to powers under section 2 (2)(iv) of the Chartered Accountants Act, 1949.
The Object Clause should restrict itself only to the Management Consultancy & Other Services permitted by the Council in pursuance to Section 2(2)(iv) of the Chartered Accountants Act, 1949.
7.        Violation of Act:
                   In case of alleged violation of the provisions of the Act, Regulations framed thereunder, guidelines/directions laid down by the Council from time to time and Code of Ethics issued by the Council, the individual practitioner/sole-proprietorship firm/partnership firm in general and the Managing Director/Whole-time Director/Manager of such company in particular, would be answerable.
8.        Applicability of Companies Act, 1956 and other laws:
All the provisions of the Companies Act, 1956 and other laws that are applicable to a Company formed under the Companies Act, 1956 shall be applicable to the Management Consultancy Company. The Guidelines are in addition to the provisions contained in the Companies Act, 1956.
9.        Benefits available to members if the Guidelines framed are complied with:
i)        The member can retain full time Certificate of Practice besides being the Managing Director/Whole-time Director/Manager of Management Consultancy Company.
ii)       The member will be entitled to train articled/audit assistant(s). 
iii)       There will be no restrictions on the quantum of the equity holding of the member, either individually and/or along with his relatives, in such a company.
10.      Transitory Provisions:
i)             Any member who wishes to become Managing Director/Whole-time Director/Manager of an existing Company, which is rendering Management Consultancy & Other Services, and wishes to take other benefit contained in the Guidelines, shall comply with the Guidelines for Practice in Corporate Form.
ii)            The Company is required to take approval of name and then apply for registration with the Institute.
iii)           If the Institute has reservation over the name of an existing Company that wishes to come under the provisions of this Guidelines, the Company shall be required to apply for change in name.
iv)           The Company is also required to change its object clause, if the same contains objects other than those provided in the Guidelines.

LISTING FEES ON BSE SME PLATFORM

Sunil Bhave
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0
The listing fees, annual fees and book building fees are as follows for the listing SMEs on the BSE SME Exchange/ Platform.

1. Listing Fee:
The SME platform will have one time listing fee of Rs. 50,000/-.
2.      Annual fee:
Annual Fees will be charged on basis of Market Capitalization and not on Issue Size. The basis of calculation of Market Capitalisation will be average of price as on March 31 or last day of trading in the financial year.

Market capitalization (In rupees)
Annual Fee (Rs.)
up to 50 crores
25,000 or 0.01% of full market capitalization, whichever is higher. The basis of calculation of Market Capitalisation will be the closing price as on 31st March or the last day of trading in the financial year.
Above 50 crores
50,000
 3. Fees for using the Book Building Software
Issue Size (Rs. Crores)
Annual Fee (Rs.)
up to 25
2.5 lakhs
Above 25
4.0 lakhs

Conversion of Private Company into Public Company

Sunil Bhave
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0

Key Benefits:
•

• 
Easy access to Public for raising funds
Public limited Company is the only corporate form of organization which is allowed to raise funds from general public. Public Limited Company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured, accept deposits from the public, etc. Banking and financial institutions prefer to render large financial assistance to Public Limited Companies. Even a closely held Company can operate as a Public Company without diluting promoters’ stake.

High market recognition
Public Limited Companies as compared to other business forms enjoys better recognition in the market and bestows confidence in the stakeholders.
Key Requirements:
•

•

•

•

•

•

•

• 
Minimum Authorised Share Capital shall be Rs. 500,000 (INR Five Lac)

Minimum Paid-up Share Capital shall be Rs. 500,000 (INR Five Lac)

Minimum 7 Shareholders

Minimum 3 Directors

The directors and shareholders can be same person

If the above requirements are not fulfilled by the Private Company, then the relevant alterations / changes to be made before conversion

DIN (Director Identification Number) for all the Directors

DSC (Digital Signature Certificate) for one of the Directors
Steps in Conversion of a Private Limited Company into a Public Limited Company
Step No. 
Steps
Timeframe
(Working days)
Processing
1
Board Meeting
2
Pass a resolution for deletion of articles (which are originally required to be included in the articles of a private company) and recommend it to the shareholders for adoption by them at a General Meeting
2
Notice of General meeting
21
Give 21 days’ clear notice for the General Meeting proposing the Special Resolutions with suitable Explanatory Statement.
3
Filing of Special Resolution with RoC
2
•

• 
File Form No. 23 within 30 days of passing of the resolution 

Attachments:
Special Resolution and the Explanatory Statement
4
Filing of Prospectus or Statement in lieu of prospectus
15
•

•

•

• 
File Form 62 with the RoC

Attachments:
Prospectus or Statement in lieu of prospectus (SLP)

Letter of Application to the Registrar
for fresh Certificate of Incorporation

Consent letter of the Auditor for
inclusion of his name in the SLP

Be your own fund manager !!!

Sunil Bhave
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0

While most of the business class is busy with their existing businesses, the salaried class does not have time to devote in markets. The studies world over show that while the business class earns on an average 20-25% return on capital employed, the salaried family class saves around 10-15% of what they earn. This analysis has greatly benefited most of the Mutual Funds which provide a slightly better return than the prevailing bank fixed deposit rates.
Figures alone are enough to prove that the mutual fund returns have been continuously lesser than that of gold and silver. This is due to the mere fact that the mutual funds have to operate on a diversified risk setand not gold alone. Also, there are huge costs that the mutual funds bear in terms of salary and rent related costs which is eventually passed on to the investors and affect the ACTUAL RETURNS.
Furthermore, gold is the most liquid asset. It can be pledged to get cash loans.
The best opportunity however, which  gold provides is that if purchased in bullion form, it can be lent as such against interest, thus providing a DUAL BENEFIT of a regular interest income besides providing opportunities of heavy capital gains.

Gold or Silver?(The Investment dilemma)

There have been divided loyalties between the investors of white and yellow metal. While for most part of the century both metals have been head to head in terms of price gains, the last few years have seen the white metal outshining its glittery senior. However the current steep fall of the Great White from 75 k to 50k level has again brought the metals head to head.
With the increasing purchasing power of the people and the ever growing ‘display friendly’ markets,the ornamental use of the White metal has substantially decreased. The major use of Silver has now been restricted to the industrial purposesand the current economic slowdown does not support any promising future for the Industrial metal.
Another reason why gold is considered as a better investment option is that worldover various banks keep gold and silver as reserves. Silver being more bulky of the two is soon likely to be left apart because of the ever increasing holding costs.

Is it a right time to buy gold?

 The country’s all round the globe have been witnessing a situation where the poor are getting poorer and the rich richer. Such situation has been because of the ever decreasing value of money or in other words, the decreasing purchasing power of common man.Unlike the rich, the commoner has a limited scope of investment opportunities and therefore is highly affected by the rising inflation rates.  The best way to avoid falling into the ‘poor getting poorer’ category is by investing in something which grows at a rate greater than the country’s inflation rate. Gold is often cited by many as the best inflation hedge i.e. gold prices will riseatleast to the extent of rate of inflation in the country.
“Every time is a right time to buy gold.”Even at Current gold prices experts consider it being priced too low. Gold hit a record high of $875 an ounce on Nymex in January 1980, about two months after the start of the Iran hostage crisis and less than a month after the Soviet Union invasion of Afghanistan. That’s equivalent to about $2,318.84 an ounce in today’s dollars.

Where to buy?

The only reason why the common investor does not invest in Gold is because of lack of trust in the minds of the investors. There is a dearth of jewelers who provide genuine trustworthy jewelry. Even if some big jewel houses do, they charge very high prices for it because of the large staff involved and heavy fixed costs associated with it.
The best way to overcome such situation is to buy from some trusted wholesale dealerswho provide Hallmark Jewellery or are approved from the BIS.
“Well, all that glitters is gold.”

How to Control Negative Stock in Tally ERP 9

Sunil Bhave
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0
This TDL does not allow the user to enter the quantity, if the stock balance is less than Zero. This
TDL is used to control negative stock; it does not allow the user to enter the amount, if the stock balance is less than Zero.

Tally.ERP 9 prompts you with a warning message and the credit cash balance in RED Color. In default this will help you to decide whether to proceed with the entry or not. Using this TDL it won’t allow you to pass the voucher
Note: copy and and paste above code in a txt file and add the file to your tally software, take full backup before doing anything..

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;;———————————————————————————-
[#Part: VCFG Inventory]

Local : Line : VCFG NegativeStock : Invisible : Yes

[#Part: ICFG Invoicing]

Local : Line : VCFG NegativeStock : Invisible : Yes

[#Field: VCHSTKJrnl BilledQty]

Control : NegativeStock : $$InCreateMode AND $$IsNegative:@@StockTotal
Control : NegativeStock : $$InAlterMode AND $$IsNegative:@@StockTotal

[#Field: VCHBATCH NrmlAQty]

Control : NegativeStock : @@IsOutwardType AND $$InCreateMode AND $$IsNegative:@@StockTotal

[#Field: VCHBATCH NrmlBQty]

Control : NegativeStock : $$InCreateMode AND $$IsNegative:@@StockTotal
Control : NegativeStock : $$InAlterMode AND $$IsNegative:@@StockTotal

[#Field: VCH NrmlBilledQty]

Control : NegativeStock : @@IsOutwardType AND $$InCreateMode AND $$IsNegative:@@StockTotal

[#Field: VCH JrnlBilledQty]

Control : NegativeStock : @@IsOutwardType AND $$InCreateMode AND $$IsNegative:@@StockTotal

[#Field: VCHBATCH BilledQty]

Control : NegativeStock : @@IsOutwardType AND $$InCreateMode AND $$IsNegative:@@StockTotal

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