Currency Ban : Prosecution and Penalties that tax department can slap on black money holders

Prepare to face the following penalties and prosecution if the Income Tax department finds out that you have black money i.e. unaccounted money. If you deposit large sums of cash in your bank account the tax department is likely to send you a notice asking you to explain the source. If you are unable to produce sufficient proof and convince the assessing officer (A.O) about the legitimacy of your cash then you are likely to face penalties and prosecution as per the Income Tax Act. Here is a complete list of various penalties that can be imposed on you for different types of defaults made; prosecution proceedings which might be initiated against you (including imprisonment) and the provisions which can help you get immunity from same.

PENALTIES
1. Penalty under Section 270A ( Penalty for Under reporting and misreporting of income):
If during the assessment proceedings, it is found that you have under reported or misreported your income, then penalty under section 270A will be imposed on you. This is the harshest penalty that can be imposed by the department.

Quantum of penalty
The amount of penalty will be 50% of the tax payable on under reported income. In case the under reported income is a result of misreporting, then the penalty amount is increased to 200% of the tax payable on under reported income. In most of the cases the income tax department is going to be in favour of the higher rate (200%) for imposition of penalty.
Under reported income v/s Misreported income

It is necessary to know the cases where it will be said that you have under reported your income. If any of the following holds true in your case, then it will be deemed that you have under reported your income:

a) If your income assessed under section 143(3) (i.e. scrutiny assessment) is greater than the income declared by you in your Income Tax Return (ITR).

b) In case you have not filed your ITR, and the Assessing officer has assessed your income under section 144 (i.e. best judgment assessment) and the assessed income (income computed as per the A.O) is greater than the maximum amount not chargeable to tax as per the tax slab (i.e. Rs 250000 at present)

c) The reassessed income is higher than the income already assessed before.

It will be deemed that you have misreported your income if any of the following hold true:

* If you have misrepresented or suppressed any of the facts.

* If you have not recorded investments in the books of account.

* If you are not able to provide any evidence to substantiate any expenditure that you have claimed.

* If it is found that you have intentionally recorded any false entry in books of account.

Penalty under section 270A will replace the penalty imposed earlier (during assessment proceedings) under section 271 which amounted to a minimum 100% and a maximum of 300% of the tax sought to be evaded

Also Read: Demonetisation impact decoded: Gainers and losers

2. Penalty under section 271A - Default in maintaining or retaining books of account
If during the assessment proceedings, it is found that you have not maintained any books of accounts or other document as required under section 44AA, or the A.O finds that you have not retained the books of accounts and other necessary documents for the minimum time period (which is 6 years), then a penalty of Rs 25000 will be imposed on you.

3. Penalty under section 271B- Default in Tax Audit
If during the assessment proceedings, it is found that you were supposed to get your accounts audited under section 44AB (Tax audit) but you haven't complied with the same, or in case you have failed to file the tax audit report under form 3CD, then a penalty under section 271B of the act will be imposed on you.
The amount of penalty will be a sum equal to 0.5% of gross sales, gross turnover or gross receipts, as the case may be, but in any case this penalty cannot exceed Rs 50000.

4. Penalty under section 271C - Default in deducting tax at source
If during the assessment proceedings, it is found that you have failed to deduct whole or any part of TDS as required by income tax laws, then the the penalty will be a sum equivalent to the amount of tax not deducted.

5. Penalty under section 271CA - Default in collecting tax at source
If during the assessment proceedings, it is found that you have failed to collect whole or any part of TCS as required by income tax laws, then a penalty of a sum equivalent to the amount of tax not collected will be imposed on you.

6. Penalty under section 271D - Accepting loans in cash
If during the assessment proceedings, it is found that you have accepted a loan or deposit from any other person in cash for a sum exceeding Rs 20000 in a financial year, then a sum equal to the amount of loan accepted will be demanded from you by way of penalty.

7. Penalty under section 271E - Repayment of loans in cash
If during the assessment proceedings, it is found that you have repaid any loan or deposit to any other person in cash for a sum exceeding Rs 20000 in a financial year, then a sum equal to the amount of loan repaid will be demanded from you by way of penalty.

8. Penalty under section 271F - Non filing of ITR
If during the assessment proceedings, it is found that you have not filed your ITR for a financial year by the end of the year following the financial year for which the ITR has to be furnished, then a penalty of Rs 5000 will be imposed on you.

9. Penalty under section 271H - Non filing of TDS return
If during the assessment proceedings, it is found that you have not furnished the TDS returns even after expiry of 1 year from the due date of filing such returns or have furnished any incorrect information in the TDS returns filed by you, then a penalty of a minimum Rs 10000 and a maximum of Rs 100000 will be imposed on you.

10. Penalty under section 272B - Not having PAN or providing incorrect PAN
If during the assessment proceedings, it is found that you have not applied for a PAN even though it was required as per the provisions of section 139A or where after obtaining a PAN, you have not intimated the same or provided incorrect PAN to any person under the provisions of the income tax act, then a penalty of Rs 10000 will be imposed on you.

11. Penalty under section 272BB and 273BBB - Not having TAN or providing incorrect TAN
If during the assessment proceedings, it is found that you have not applied for a Tax deduction account number or a tax collection account number as required by section 203A and section 206CA respectively, or in case where you have furnished incorrect TAN on the challans and certificates issued by you, then a penalty of Rs 10000 will be levied on you.

PROSECUTION
1. Prosecution under section 276C - Wilful attempt to evade tax, penalties etc.
If you try to evade the taxes, interest or penalties payable by you in any manner or you have under reported your income, then you are liable to l face prosecution proceedings under this section.

As a result of the prosecution proceedings, you might have to face imprisonment for a minimum of 6 months which may extend up to 7 years.
If the amount sought to be evaded (tax, interest, penalties) or the amount of under reported income is less than Rs25 lakh then the time period for imprisonment would range from 3 months to 2 years.

2. Prosecution under 276CC - Non filing of ITR
If it is found that you have deliberately not filed your ITR for a financial year till the end of the year following the financial year for which the ITR was supposed to be furnished, or in case you have not filed the Return that you were supposed to file in response to a notice received under section 142(1), 148 and 153A, then you might have to face prosecution proceedings under this section.
The tenure of imprisonment would depend upon the tax amount that would have been evaded by you had the failure not been detected.
If the tax amount that was sought to be evaded exceeds Rs 25 lakh then the tenure of rigorous imprisonment would be a minimum of 6 months to a maximum of 7 years. In other cases it would be minimum 3 months to a maximum of 2 years.

3. Prosecution under Section 276D - Non compliance with the notice received under section 142(1)
If you do not cooperate with the A.O and do not produce the documents and books of accounts that are demanded by him through a notice issued under section 142(1), or where you do not comply with the directions issued by the A.O under section 142(2A) for conducting your special audit, then it is quite likely that you would face prosecution proceedings under this section.
As a result of these proceedings, you might face imprisonment for up to 1 year.

Deposits of old Rs 500, Rs 1000 notes in banks not to enjoy tax immunity: Arun Jaitley

The Finance Minister further said that housewives and farmers with genuine savings need not worry about depositing cash in their bank accounts.

By: PTI | New Delhi | Updated: November 9, 2016 1:34 pm

The Finance Minister said that all decisions of the GST Council are being taken with con Finance Minister Arun Jaitley on Wednesday said deposits of now-defunct old Rs 500 and Rs 1,000 currency notes in bank accounts will not enjoy immunity from tax and the land of law will apply on source of such money. A day after the government announced the withdrawal of Rs 500 and Rs 1,000 banknotes in the country’s biggest crack down against black money, corruption and counterfeit currency, Jaitley said old higher-denomination currency notes have to be deposited in bank accounts to get newer or smaller denomination currencies.

“But it should be clear that it is no immunity scheme. This (deposit) does not provide any relief from taxation. The law of land will apply (on source of fund),” he said.

“If the money is legitimate which had been previously withdrawn from bank or earned legally and saved and had been disclosed, there is nothing to worry about,” Jaitley said.

But if it is illegal money, source will have to be disclosed and if it is a crime money, or bribe money, then it is trouble, he told DD News.

The Finance Minister further said that housewives and farmers with genuine savings need not worry about depositing cash in their bank accounts.

“The small amounts that people will deposit like Rs 25,000, 30,000 or 50,000 lying in house for expenses, whatever money could be there for meeting normal family expenses they need not worry. They can go to banks,” he said.

The Finance Minister said for first one or two weeks replacements may be less but after 2-3 weeks as more currency notes come in market then normal replacement will be available.

The move would help make more and more transactions become digital, he said, adding now people will disclose income and pay taxes. “India will become a more tax compliant society.”

Jaitley said that people who have accumulated black money, crime money or bribe would suffer after this.

“There is a premium now that this decision has created on honesty and dis-premium on dishonesty,” he added.

“Obviously there are some inconvenience for a couple of days or couple of weeks but those inconvenience cannot be alibi that India continues to live (with black money and parallel economy),” he said.

The decision would bring more transactions under tax net and both direct and indirect taxes would move up. Reduction in parallel economy would increase the size of formal economy, Jaitley said.

Stating that the decision would have its ramifications on politics as well, Jaitley said some political funding has started by cheques and if this step can do some cleansing, it would be a great move.

How to Make Money without a Blog by sharing URL Links ?

There are many ways to make money online, you probably have tried every possible methods to earn some pennies. However, it’s quite difficult to earn a good amount of money with so much competition. But today I’m going to reveal you a new method that’ll help you earn over $100 per month without a Blog.

A link shortener is a online tool that’ll help you to shorten any links that you want to share on anywhere like Facebook and Twitter, using these shortener tools will help you to avoid being flagged as spam in social networks.

Here’s a link shortener site called Shorte.st that’ll help you earn good amount of money without much effort. I’ll explain how you can easily use this tool to make money without having your own blog.

What is Shorte.st?

As I already mentioned above, Shorte.st is a European based link shortener tool that is connected with advertising network so that we get paid when we shorten a link and make someone click on it.

Unlike other link shortener sites, Shorte.st is the best and easy way to earn some good money. Shorte.st don’t need the single pixel of your webpage space rather they simply take care of your links.

Features of Shorte.st

• Shorte.st link shortening service basically provide an unique style of showing ads where viewer can redirect to the original link within 5 sec. So you can use this simple tool to shorten any links that you want to share online and make some decent cash.
• High CPM rates with global coverage
• User-friendly integration and wide range of tools
• 20% commission on referrals – lifetime: you can refer your friends and earn 20% of commissions
• Shorte.st Rates per 1,000 views: their rates ranges from 0.3$ – 1.66$ depending on the clicks came from country

Monetization Tools

Shorte.st provides varies monetization tools; you can make use of these tools to increase your earnings.

How to Register with Shorte.st

Registering an account with Shorte.st is quite easy, just follow the below mentioned steps.

1. Visit Shorte.st, Click the “Join” tab in the upper-right side.

2. You will see a simple form with 3 fields that you need to fill – email address, confirm email and password. Accept terms & conditions

3. click the “register” button – that’s the orange one. You can also Register through Facebook by clicking on blue button.

And that’s it! Now check your inbox for an activation email and confirm your email address.

Now you can start shortening and sharing your links to Facebook, Twitter or anywhere you want. You can also implement your shorten links to your Blog posts if you have a blog.

Payment Method

Payments are done through PayPal or Payoneer as per your choice. Your earnings will be automatically paid on 10th day of each month once you reached the minimum payout of $5.00 or more for the previous month.

Some Tips to make Best use of Shorte.st

After you have joined Shorte.st, it’s time to work on your strategies to make the best use of Shorte.st and earn money. Don’t worry; i’ll share some working techniques so that you can implement them to make over $100 per month.

Share YouTube Video Links

You can shorten and share funny, scary or any trending YouTube videos on Facebook, Twitter, Google plus or any other social networking sites to maximize your earnings. The more clicks you get, the more you earn. So use this easy method wisely.

Share Facebook Images Links

You probably noticed; funny images or memes tend to get more likes and shares on Facebook. Find trending images and shorten the Facebook image links using Shorte.st and share it with your friends and groups. This will definitely increase your earnings.

Share Website/Blog links

If there is any hot news or any breaking news going on, you can share the links from popular news websites or top blogs. Some curious people will always click on your links. If you’re a blogger, you can shorten your blog links and maximize your earnings.

Join Now

Video of an Amazing Plant - Touch Me Not !

This plant shows a cute behaviour when touched.

Hope you enjoyed the video !

More about this shy plant...

Mimosa Pudica (from Latin: pudica "shy, bashful or shrinking"; also called sensitive plant, sleepy plant or shy plant) is a creeping annual or perennial herb of the pea family Fabaceae often grown for its curiosity value: the compound leaves fold inward and droop when touched or shaken, defending themselves from harm, and re-open a few minutes later. The species is native to South America and Central America, but is now a pantropical weed. It can also be found in Asia in countries such as Thailand. It grows mostly in shady areas, under trees or shrubs.

List of 98 Smart Cities in India !

Here is the list of states and number of cities that have been nominated by the government:

Andaman and Nicobar Islands

1) Port Blair

Andhra Pradesh

1) Vishakhapatnam 2) Tirupati 3) Kakinada

Arunachal Pradesh

1) Pasighat

Assam

1) Guwahati

Bihar

1)Muzaffarpur 2)Bhagalpur 3)Biharsharif

Chandigarh

Chhattisgarh
1) Raipur 2) Bilaspur

Dadra and Nagar Haveli

1)Silvassa

Daman and Diu

1) Diu

Delhi (NDMC)

Goa

1) Panaji

Gujarat

1) Gandhinagar 2) Ahmedabad 3) Surat 4) Vadodara 5) Rajkot 6) Dahod

Haryana

1) Karnal 2) Faridabad

Himachal Pradesh

1) Dharamshala

Jharkhand

1) Ranchi

Karnataka

1) Mangaluru, 2) Belagavi, 3) Shivamogga, 4) Hubballi-Dharwad, 5)Tumakuru, 6)Davanegere

Kerala

1) Kochi

Lakshadweep

1) Kavarrati

Madhya Pradesh

1) Bhopal, 2) Indore, 3) Jabalpur, 4) Gwalior, 5) Sagar, 6) Satna, 7) Ujjain

Maharashtra

1) Navi Mumbai, 2) Nashik, 3) Thane, 4) Greater Mumbai, 5) Amravati, 6) Solapur, 7) Nagpur, 8) Kalyan-Dombivali, 9) Aurangabad, 10) Pune

Manipur

1) Imphal

Meghalaya

1) Shillong

Mizoram

1) Aizawl

Nagaland

1) Kohima

Odisha

1) Bhubaneshwar, 2) Raurkela

Puducherry

1) Oulgaret

Punjab

1) Ludhiana, 2)Jalandhar, 3)Amritsar

Rajasthan

1) Jaipur, 2) Udaipur, 3) Kota, 4)Ajmer

Sikkim

1) Namchi

Tamil Nadu

1) Tiruchirapalli, 2)Chennai, 3)Tiruppur, 4)Coimbatore, 5)Vellore, 6)Salem, 7)Erode, 8)Thanjavur, 9)Tirunelveli, 10)Dindigul, 11)Madurai, 12)Thoothukudi

Telangana

1)Greater Hyderabad, 2) Greater Warangal

Tripura

1) Agartala

Uttar Pradesh

1)Moradabad, 2)Aligarh, 3)Saharanpur, 4)Bareilly, 5)Jhansi, 6)Kanpur, 7)Allahabad, 8)Lucknow, 9)Varanasi, 10)Ghaziabad, 11)Agra, 12)Rampur

Uttarakhand

1) Dehradun

West Bengal

1) New Town Kolkata, 2) Bidhannagar, 3) Durgapur, 4) Haldia

* Jammu & Kashmir has asked for more time to decide on the potential cities

* 12 cities have been shortlisted from Uttar Pradesh against 13 cities nominated for Smart City project

Free Stock Market Advice

I would like to add a list of some of the Shares / Stocks that I personally feel will perform well in the time to come. I will keep on updating this list as and when I come across some new shares that could yield you good profits in the log term (5 days to 15 days). Please note that Bonus or Splits might affect the current market price and face value of the stocks and hence accordingly your total number of holdings might also increase. (Reco. Date stands for Recommendation Date)

So, here we go ...

Name of Company / Reco. Date                   Market Price on Reco. Date (Rs.) {BSE}
01/06/2015
Shivam Autotech                                                                  112.80
Dish TV                                                                                100.80

07/06/2015
Coal India                                                                             405.60

12/07/2015
Bliss GVS Pharma                                                                158.90

21/08/2015
Manali Petrochemicals                                                           30.15

16/11/2015
GM Breweries                                                                       670.25
Pioneer Distilleries                                                               180.60
Pincon Spirit                                                                         102.15

18/11/2015
Shree Renuka Sugars Ltd.                                                      16.20

Funds for StartUps and Entrepreneurs !

If you are a StartUp and looking to raise fund for your Project, then, well this could be the solution to your requirements of funds. The platform is called www.UniversalCrowdFund.com.

This platform provides a unique way of raising funds especially for StartUps and upcoming Entrepreneurs who have a project in their mind and scarcity of fund the start the project or even a running project. It guides them to a successful fund raising campaign by utilizing the power of Social Networking and Social Media. 

The entrepreneur who has an innovative idea of a StartUp is required to place his Project idea on the website and has to offer certain Rewards to his Supporters who wish to fund his Project. Thus, the StartUp can even Pre-Sale its product through this platform.

Thus, this platform avails a golden opportunity to all those who have an innovative idea related to any field, let it be arts, technology, dance, fashion, films, food etc. The list could be endless.  Creating a project is absolutely free on this platform.

I will keep updating my blog with new ideas that help the Internet users find what is best for them, so keep visiting my blog.

Also Read : How to Invest Smartly in Stock Market ?

Get Paid to Listen Music !

You can get paid to Listen to Music. All you need to do is Register from here, Setup your Profile by mentioning the names of Artists you like and start listening to your favourite artist. You can easily earn $12 per hour.

To increase your earnings further you can promote your affiliate link and gain more if someone registers through you link and earns by listening to music.  

Register Now to Earn by Listening Music !

Before you proceed further kindly also read How to setup your PayPal Account ? because you will require a Paypal A/c to request payment from this website :

Impact of Greek Debt Crisis on Indian Markets !

How would the Greece Debt Crisis reflect on Indian Stock Markets and what impact will it have on the Indian Economy ?

This is a very important question of the hour.

I welcome all my valuable readers to Add their COMMENTS and VIEWS on my blog below.

Loans for Sellers from Amazon.com

Sellers on Amazon can get funds for their business.

Amazon has announced that it will be launching a program which will provide loans to new businesses.

According to thenextweb.com, the idea is to help them get started and gain market share.

Reuters reports that selected sellers in Canada, China, France, Germany, India, Italy, Spain and the UK will be eligible for the loans from later this year.

The service has been in limited testing in the U.S. and Japan for a number of years. It offers three to six month loans of USD 1,000 to USD 600,000 to help new sellers buy inventory.

Amazon takes repayments directly from the seller's earnings.

Secured Loans and Unsecured Loans Explained

There are two basic categories that most loan types fall into – Secured and Unsecured.

Secured Loan
Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien is placed on such item. The finance company or bank will hold the deed or title until the loan has been paid in full, including interest and all applicable fees. Other items such as stocks, bonds, or personal property can be put up to secure a loan as well.

Secured loans are usually the best (and only) way to obtain large amounts of money. A lender is not likely to loan a large amount with assurance that the money will be repaid. Putting your home or other property on the line is a fairly safe guarantee that you will do everything in your power to repay the loan.

Secured loans are not just for new purchases either. Secured loans can also be home equity loans or home equity lines of credit. Such loans are based on the amount of home equity, which is simply the current market value of your home minus the amount still owed. Your home is used as collateral and failure to make timely payments could result in losing your home.

Secured loans usually offer lower rates, higher borrowing limits and longer repayment terms than unsecured loans. As the term implies, a secured loan means you are providing "security" that your loan will be repaid according to the agreed terms and conditions. It's important to remember, if you are unable to repay a secured loan, the lender has recourse to the collateral you have pledged and may be able to sell it to pay off the loan.

Examples of Secured Loans:

•     Mortgage
•     Home Equity Line of Credit
•     Auto Loan (New and Used)
•     Boat Loan
•     Recreational Vehicle Loan

Unsecured Loan

On the other hand, unsecured loans are the opposite of secured loans and include things like credit card purchases, education loans, or personal (signature) loans. Lenders take more of a risk by making such a loan, with no property or assets to recover in case of default, which is why the interest rates are considerably higher. If you have been turned down for unsecured credit, you may still be able to obtain secured loans, as long as you have something of value or if the purchase you wish to make can be used as collateral.

When you apply for a loan that is unsecured, the lender believes that you can repay the loan on the basis of your financial resources. You will be judged based on the five (5) C's of credit -- character, capacity, capital, collateral, and conditions – these are all criteria used to assess a borrower's creditworthiness. Character, capacity, capital, and collateral refer to the borrower's willingness and ability to repay the debt. Conditions include the borrower's situation as well as general economic factors.

Examples of Unsecured Loans:

•     Credit Cards
•     Personal (Signature) Loans
•     Personal Lines of Credit
•     Student Loans (note that tax returns can be garnished to repay delinquent student loans)
•     Some Home Improvement Loans

Why Purchase Structured Settlement !

Structured Settlement is known as an arrangement of financial or insurance meaning that provides the person with regular payments over the course of several years or for the rest of his life. Many types of Structured Settlement like Personal Injury, Wrongful Death and Worker’s Compensation. You can defined as a structured settlement is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an agreed schedule rather than as a lump sum. Structured settlements were first utilized in Canada after a settlement for children affected by Thalidomide. Structured settlements are widely used in product liability or injury cases (such as the birth defects from Thalidomide). Lets have a look on real life example: A factory worker Jonathon was standing on a ladder installing new hardware for the company. When he slipped and had an untimely death the court had ruled that the factory was negligible in his death. His wife Diane was the recipient of his structured settlement. The factory's insurance company agreed to pay out for the next 30 years, $3,500 a month just above what Jonathon was bringing in at the factory each month.A structured settlement can be implemented to reduce legal and other costs by avoiding trial. Structured settlement cases became more popular in the United States during the 1970s as an alternative to lump sum settlements. The increased popularity was due to several rulings by the IRS, an increase in personal injury awards, and higher interest rates. The IRS rulings changed policies such that if certain requirements were met then claimants could have federal income tax waived. Higher interest rates result in lower present values, hence annuity premiums, for deferred payments versus a lump sum. There is a difference between SS and Structured Settlement Annuity. Please don't mix up.

Structured settlements have become part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Structured settlements may include income tax and spendthrift requirements as well as benefits and are considered to be an asset-backed security. Often the periodic payment will be created through the purchase of one or more annuities, which guarantee the future payments. Structured Settlement Broker who is also known as an Annuity Broker, is an expert of prepared in arranging a payout plan for a money related settlement Structured issues. Settlement payments are sometimes called periodic payments and when incorporated into a trial judgment is called a “periodic payment judgment."

How to Invest Smartly in Stock Market ?

Here are some tips on how you can make money by investing in Stock Market on a Long Term basis. Personally I have been following these steps to make money.

Firstly, I would like you to learn the terms that follow :

Face Value  

It is the Original Cost of a share that goes on the Certificate.

Bonus Shares

New shares are issued to shareholders in proportion to their holdings.

Dividend

A dividend is a payment made by a corporation or company to its shareholders, usually as a distribution of profits.

Stock Split

A stock split or stock divide increases the number of shares in a public company. The price is adjusted such that the before and after market capitalization of the company remains the same and dilution does not occur.

Market Capitalization

Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by multiplying the current market price of the company's share with the total outstanding shares of the company.

How do you benefit from Bonus Shares ?

When a company is running in profit it might offer to its share holders some extra shares in proportion of their current holding. Therefore, you will more shares of that company without having to invest anything extra.

For example you are holding 100 shares of certain company and it declares a 4:1 Bonus then you will receive 100x4 = 400 new shares without investing anything extra.

How do you benefit from Stock Split ?

When a company announces Stock Split the number of shares increases but the market capitalization remains the same. Thus the volume of shares available for trade increase and also the price of share becomes affordable as the face value is reduced.

For example you are holding 100 shares of certain company and it declares a 1:10 Stock Split then you will receive 100x10 = 1000 new shares of Face Value 1/10 without investing anything extra.

How do you benefit from Dividend ?

As a company makes profits it might announce dividends for it share holders from its profits. 

For example you are holding 100 shares of certain company and it declares a 100% Dividend and the Face Value of each share is 10 then you will receive 100x10 = Rs. 1000 on your investment. 

The key to earning from Stock Market is Long Term Investment. Thus, follow the above steps and invest smartly in stock market to make money as you could earn from Dividends, Bonus Shares and Stock Splits year after year.

Also Read :

How to Earn Rs. 500 Crores from Rs. 10000 ?

How to Earn Rs. 500 Crores from Rs. 10000 ?

I would like to share with you this true story where a person from a small town made Rs. 500 Crores by investing mere Rs. 10000 over a period of 30 years.

Mohammed Anwar Ahmed, 60, who was a resident of a small town named Amalner in district Jalgaon, Maharashtra. He lost his father in 1980. He received Rs.80,000 as his portion out of the sale proceeds of his farm land. 

One day by chance he met a share broker who explained how he could earn money by investing in stocks of a company called Wipro. This is how Mohammed Anwar Ahmed invested Rs. 10000 for purchasing 100 stocks of 100 face value each.

Here is how his initial investment of Rs.10,000 grew to over Rs.500 crores.
He had invested in 100 shares at face value of Rs.100 in 1980. The initial investment was Rs.10,000.

In 1981, the company declared a 1:1 bonus. He now had 200 shares.

In 1985, the company declared 1:1 bonus. He therefore had 400 shares.

In 1986, the company split the share to Rs.10. He thus had 4000 shares.

In 1987, the company declared 1:1 bonus. He hence had 8000 shares.

In 1989, the company announced a 1:1 bonus. Now he had 16,000 shares.

In 1992, the company declared a 1:1 bonus. By now he had 32,000 shares.

In 1995, the company declared a 1:1 bonus. He then had 64,000 shares.

In 1997, the company declared 2:1 bonus. He now held 1,92,000 shares.

In 1999, the company split the share to Rs.2. He now had 9,60,000 shares.

In 2004, the company declared 2:1 bonus. He thus had 28,80,000 shares.

In 2005, the company declared 1:1 bonus. He came to have 57,60,000 shares.

In 2010, the company declared 2:3 bonus. He now had 96,00,000 shares.

The current market price is Rs.500 per share. The shares are valued at Rs.480 crores.

Over the past 33 years, the company regularly paid out dividends and increased them almost every year. Cumulatively he received Rs.118 crores as dividend over the past 33 years. Thus by investing Rs.10,000, Mohammed gained Rs.598 crores.

He is now retired and donates freely to charity from the dividends he receives. His foreign educated children often advice him to sell the shares but he has kept his vow of not selling a single share till Mr.Azim Premji is the working Chairman.

My advice : Choose the Right Stock, Be Patient and Stay Invested for Long Term.

Hope you find this story of Stock Market Investment that yielded high returns over a period of time, interesting and inspiring. I am sharing this story with you because this has inspired me and I have started investing in stock market myself. But before you do that be sure to learn more about Stock Martket Invest from here.

Also Read : How to Invest Smartly in Stock Market ?

Balloon-Powered Internet and Kite-Powered Wind Energy from Google in India

Google is all set to launch its Project Loon in India, soon. There are reports that Google is in talks with the Indian Government to start its Balloon-Powered Internet and Kite-Powered Wind Energy Projects in India.

Google's Project Loon which was started about two years back provides affordable internet to people living in remote areas where there is not connectivity, making us of high-altitude balloons.

Since, India is giving emphasis on renewal energy Google also hopes to bring its Kite-Powered Wind Energy to India. An aeroplane-like kite tethered up to 300 metres which manoeuvres by the direction of the wind. The movement of the kite generates power.

Google may start the production by 2016.

This is a real great news.

Free Voice Calling on WhatsApp !

It seems like WhatsApp is all set to replace Dial Calling with peer to peer voice calls as it did to SMS by replacing it with Message on WhatsApp Messenger.

News is in the air that WhatsApp has started already testing its Voice Calling feature on some of the Anroid phone and also some IPhones.

It has been reported to be a great experience for the users who got the chance to use this wonderful feature of Voice Calling on WhatsApp.

Latest from Google - Ride-Hailing Service !

There are reports that Google Inc is all set to start its own ride-hailing service, making it a direct competition for Uber.

Google is one of the biggest investors in Uber.

David Drummond, Google's chief legal officer and a member of Uber's board, has informed the app-based ride service of Google's plans.

The source also said Uber's board was weighing whether to ask Drummond to resign.

This is a giant leap by Google Inc. Entering into a new era of business. Yet another product from Google I believe.

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