My 2012 New Year Resolution for all of you

Firstly I WISH ALL MY DEAR FRIENDS A HAPPY AND PROPOROUS NEW YEAR.

In this New Year I pray to god to grant 2 things to all my friends.

     1.   Whatever you are waiting for from a long time and which is most needed for you. May god should grant you those this year.

     2.   I heart fully pray to god that all of you must have at least 30 most memorable and unforgettable days out of this 365 day year.

This should turn out as one of good and fruitful year to all of you.

Good days are those which we feel sad when we recollect after 5-10 year and think as “those are the days we enjoyed. Those are the days which we spent happily”.

Bad days are those which we laugh when we recollect after 5-10 years and think as “How did I behave so immaturely? How did I do that?” J

Good days are needed for today’s happiness and bad days are to laugh in future. Face all the days with a hope.

I hope you will have mixture both days this year.

Love your parents and take good care of them. Try to make them as happy as possible.

***************HAPPY NEW YEAR ONCE AGAIN.**********************

Yours Ever Loving Friend

Vinay Prasad Vutukur

My quote for the day!!!

Q: When have you taken a daring/unwanted/risky/unwillingness/life changing decision?

A: Whenever it is matter of survival/hunger/necessity, I did!!!

Few more collections of Inspiring Words!!!

“The only way to discover the limits of the possible is to go beyond them into the impossible.”

--Arthur C. Clarke

How do you instinctively respond when the going starts getting more than just a little tough? Do you intuitively rise up to meet the challenge or do you instead bend or even break under the pressure? Do you automatically summon forth the extra effort required to go above and beyond the call of duty or do you toss in the towel and call it quits? The way you naturally respond to life’s difficulties speaks volumes about your character — or lack thereof. Life quite often forces us to rise up to meet a wide array of daunting challenges tossed in our paths. Like it or not, stumbling blocks of all types and sizes can appear suddenly and without warning; obstacles that must be confronted and conquered if we’re ever going to reach our full potential on earth. And it’s in these precious split seconds — where we dare or decline to put our best to the ultimate test — that our fate and fortunes are decided.

 “The first duty of man is to conquer fear; he must get rid of it, he cannot act till then.”

--Thomas Carlyle

Whether we elect to bite the bullet and take on life’s challenges head on or alternatively turn tail and run for cover will in large measure determine how far we go and how high we fly in life. And it’s in these daily tests of our strength, commitment and determination that we shape our futures and define our destinies. We can either make it — or break it — in the blink of an eye.Oh sure, it’s easy to utter the all too familiar phrase, “I’m doing the best that I can” when things appear bleaker than bleak and hope is barely hanging on by a thread. Way too easy. But let’s be honest here; are you really doing the BEST that you can possibly do — or are you simply trying to make yourself feel a little better as you let go of the rope?

 “Out of difficulties grow miracles.”

--Jean De La Bruyere

It is precisely these most trying of times that can make us rather than break us, if we will simply tighten our grip and refuse to let go. Life isn’t nearly as complicated as we sometimes make it. More often than not, winning is nothing more than having the resilience to outlast the losing. Rather than toss out an overworked cliché about giving it your best, why not DO YOUR BEST and use life’s trying times to showcase what you are really all about. When push comes to shove, you need to push, PUSH, PUSH forward while shoving each and every excuse about why it can’t be done to the curb. 

“Each difficult moment has the potential to open my eyes and open my heart.”

--Myla Kabat-Zinn

The next time you find yourself up to your eyeballs in problems, remember to keep your cool and relax for a few moments. Zero in on what you need to do, tighten your grip and then rise above and beyond the challenge you face. It’s OK to bend a little to regain your balance if you need to, but don’t allow the hurdle in front of you any opportunity to break you down! By giving it all that you can muster and then digging a little deeper and giving a little more, there’s not a problem on earth you cannot overcome.By choosing to rise above the problem you face instead of giving in or giving up, you can quickly get beyond the trouble in your path and get on down the road. Then, before you know it, the problem that once appeared insurmountable will begin to shrink out of sight in your rear view mirror.

Income Tax Basics

Few basics of Income tax we all should be aware of. For detailed information and rules and regulations of tax refer the links give as hyper link at the end.

1.12     WHO ALL HAVE TO PAY INCOME-TAX ?

1. Individual including Non-resident, Hindu Undivided Families (HUF), Bodies of Individuals (BOI), Association of Persons (AOP) & Artificial Juridical Persons ( such as Deities of Temples) having taxable income exceeding Rs. 1.5 lakh (Rs. 1,80,000 for Resident Women assesses below 65 Years and Rs. 2,25,000 for Resident Senior Citizens.)
2. Societies & Charitable / Religious Trusts having taxable income exceeding Rs.1.5 lakh.
3. All Partnership Firms irrespective of their Income.
4. Co-Op. Societies irrespective of their Income.
5. All Companies irrespective of Income.
6. Local Authorities like, Panchayats, Municipal Corporation etc.

1.13     HOW INCOME-TAX WILL BE CHARGED BY THE INCOME TAX  DEPARTMENT?

g.   Income Tax is charged on 5 different heads. Aggregate of taxable income under each head of income is known as Gross Total Income and 
so Taxable Income = Gross Total Income - Allowance Deductions.
Deduction of Expenditure :
In computing income under various heads, deduction is allowed towards expenditure incurred in relation to earning the income. However, no deduction shall be allowed  in respect of expenditure incurred in relation to incomes exempt from tax.
Computation of Gross Total Income :
It is the aggregate of incomes under various heads of income calculated after set-off of unabsorbed depreciation/loss, carried forward from earlier years.
Set-off and Carry Forward :
Set-off means adjustment of certain losses against the income under other sources / heads. Carry forward implies carrying forward of certain losses for set-off in subsequent years.
Total / Taxable Income :
Total / Taxable Income is computed after deducting permissible deductions under section 80A to 80U, from the Gross Total Income.
Where the Gross Total Income of the Assesses includes Short-Term Capital Gains from transfer of equity shares / units of an equity oriented mutual fund subject to Securities Transaction Tax or any Long-Term Capital Gains, then no deduction shall be allowed against such Capital Gains.
On this Taxable Income, Income Tax will be calculated as per the applicable rates.

Income Tax Rates / Tax Slabs (AY-2011-2012)

A. Individuals and HUFs In case of individual (other than II and III below) and HUF:- Income Level / Slabs Income Tax Rate i. Where the total income does not exceed Rs.1,60,000/-. NIL ii. Where the total income exceeds Rs.1,60,000/- but does not exceed Rs.5,00,000/-. 10% of amount by which the total income exceeds Rs. 1,60,000/- iii. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. Rs. 34,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. iv. Where the total income exceeds Rs.8,00,000/-. Rs. 94,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-. II. In case of individual being a woman resident in India and below the age of 65 years at any time during the previous year:- Income Level / Slabs Income Tax Rate i. Where the total income does not exceed Rs.1,90,000/-. NIL ii. Where total income exceeds Rs.1,90,000/- but does not exceed Rs.5,00,000/-. 10% of the amount by which the total income exceeds Rs.1,90,000/-. iii. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. Rs. 31,000- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. iv. Where the total income exceeds Rs.8,00,000/- Rs.91,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-. III. In case of an individual resident who is of the age of 65 years or more at any time during the previous year:- Income Level / Slabs Income Tax Rate i. Where the total income does not exceed Rs.2,40,000/-. NIL ii. Where the total income exceeds Rs.2,40,000/- but does not exceed Rs.5,00,000/- 10% of the amount by which the total income exceeds Rs.2,40,000/-. iii. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/- Rs.26,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-. iv. Where the total income exceeds Rs.8,00,000/- Rs.86,000/- + 30% of the amount by which the total income exceeds Rs.8,00,000/-.

Links …

Digital SLR's or Compact/super zoom model?

I found a good article comparing the SLR's and Compact models. Its interesting and usefull and a must read before purchasing any of the both..

http://www.cameralabs.com/features/DSLR_or_compact/should_you_buy_a_DSLR.shtml

Inpirational Quotes

1)It's not the size of the dog in the fight, but the size of the fight in the dog − Archie Griffen.
2) Nothing lasts forever. Not even your troubles − Arnold H Glasgow
3) There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle − Albert Einstein
4) Take chances, make mistakes. That's how you grow. Pain nourishes your courage. You have to fail in order to practice being brave – Mary Tyler Moore
5) Being strong means rejoicing in who you are, complete with imperfections − Margaret Woodhouse
6) If you don’t go after what you want, you’ll never have it. If you don’t ask, the answer is always no. If you don’t step forward, you’re always in the same place − Nora Roberts
7) I've missed more than 9,000 shots in my career. I've lost almost 300 games. Twenty-six times I've been trusted to take the game-winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed − Michael Jordan.
8) The only place you find success before work is in the dictionary − May V. Smith
9) Where hope grows, miracles blossom − Elna Rae
10) A life spent making mistakes is not only more honorable but more useful than a life spent doing nothing − George Bernard Shaw
11) Nobody can make you feel inferior without your consent  − Eleanor Roosevelt
12) It took me a long time not to judge myself through someone else's eyes − Sally Field
13) I quit being afraid when my first venture failed and the sky didn't fall down  − Allen H. Neuharth
14) Hope never abandons you, you abandon it − George Weinberg
15) Make the most of yourself, for that is all there is of you − Ralph Waldo Emerson
16) Awards become corroded, friends gather no dust − Jesse Owens
17) People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in their true beauty is revealed only if there is light from within − Elisabeth Kübler-Ross
18) Nothing splendid has ever been achieved except by those who dared believe that something inside of them was superior to circumstance − Bruce Barton
19) Life is 10% of what happens to me and 90% of how I react to it − John Maxwell
20) Aerodynamically the bumblebee shouldn't be able to fly, but the bumblebee doesn't know that so it goes on flying anyway − Mary Kay Ash

An Imperfect Pot

A water bearer in India had two large pots; each hung on each end of a pole, which he carried across his neck. One of the pots had a crack in it, and while the other pot was perfect and always delivered a full portion of water at the end of the long walk from the stream to the master's house, the cracked pot arrived only half full. For a full two years this went on daily, with the bearer delivering only one and a half pots full of water in his master's house.

Of course, the perfect pot was proud of its accomplishments, perfect to the end for which it was made. But the poor cracked pot was ashamed of its own imperfection, and miserable that it was able to accomplish only half of what it had been made to do. After two years of what it perceived to be a bitter failure, it spoke to the water bearer one day by the stream. "I am ashamed of myself, and I want to apologize to you."

After two years of what it perceived to be a bitter failure, it spoke... 

 "Why?" asked the bearer. "What are you ashamed of?"

"I have been able, for these past two years, to deliver only half my load because this crack in my side causes water to leak out all the way back to your masters house. Because of my flaws, you have to do all of this work, and you don't get full value from your efforts." The pot said.

The water bearer felt sorry for the old cracked pot, and in his compassion he said, "As we return to the masters house, I want you to notice the beautiful flowers along the path." Indeed, as they went up the hill, the old cracked pot took notice of the sun warming the beautiful wild flowers on the side of the path, and this cheered it some. But at the end of the trail, it still felt bad because it had leaked out half its load, and so again the Pot apologized to the bearer for its failure.

The bearer said to the pot, "Did you notice that there were flowers only on your side of your path, but not on the other pots side? That's because I have always known about your flaw, and I took advantage of it. I planted flower seeds on your side of the path, and every day while we walk back from the stream, you've watered them. For two years I have been able to pick these beautiful flowers to decorate my masters table. Without you being just the way you are, he would not have this beauty to grace his house."

Each of us has our own unique flaws. We are all cracked pots. But if we will allow it, the Lord will use our flaws to grace His Fathers table. In Gods great economy, nothing goes to waste. Don't be afraid of your flaws. Acknowledge them, and you too can be the cause of beauty. Know that in our weakness we find our strength.