WHY NOT? BECOME AN ENTREPRENEUR!
Its no the myth but fact that entrepreneurs create jobs. Jobs provide people with livelihoods. Thus practicing entrepreneurship should be of global priority.
Emerging economies like China & India have a great demand for jobs. Nearly 1/3rd of 6.5 billion populations live in these two countries. In India alone 450 million childrens below the age of 15 will join the workforce. Its nearly impossible for government & existing businesses to provide employment. It can only be done by new entrepreneurs.
If you are confused about whether to do job or to have own business? Here is the answer; it’s about starting your own.
Although entrepreneurship is about sacrificing bulky salary, lavish lifestyle & time. It has lot more to gain after few years of struggle. My next few articles would help you in becoming a successful entrepreneur. Entrepreneurship is about creating wealth not only for ourselves but for others. It’s about creating jobs for millions. Entrepreneurs drive innovations. Entrepreneurship is a creative process and when done successfully, it can give you highest sense of accomplishment.
It all begins at that special moment when someone gets an inner call that says: “You are designed to create something new”.
“Who knows you may be the next big success”. So what you have decided?
CORPORATE TAX RATES
If you want to do business in India you should be prepared to shell out extra money to government in form of taxes as compaired to any other developing countries. In a recent survey counted by major audit firm Ernst & Young, India has high tax rates for cos. along with Brazil
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CORPORATE TAX RATES |
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Emerging Economies |
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Country |
Tax Rate |
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BRAZIL |
34% |
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INDIA |
34% |
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SOUTHAFRICA |
29% |
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MEXICO |
28% |
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MALAYSIA |
27% |
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CHINA |
25% |
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Developing Economies |
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Country |
Tax Rate |
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CANADA |
36% |
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UNI. STATES |
35% |
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FRANCE |
34%* |
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ITALY |
33% |
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U KINGDOM |
28% |
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GERMANY |
26%** |
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NETHERLAND |
26% |
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RUSSIA |
24% |
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*(including social security tax) |
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**(including tax surcharge) |
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DUE DATE OF FILLING INCOME TAX RETURN
Due date of filling income tax return for the assessment year 2008-09 is 30th Sept. 2008. This date is applicable to all i.e. partnership firms, proprietors, companies, HUF except the salaried persons. Similarly all the business or professions which have to get their A/c audited u/s. 44AB of the IT Act or under any statutaory act should also get A/c audited and file the return on or before 30th Sept.2008. For more log on to Income Tax Website.
UNION BANKS NEW LOGO
Union bank launch its new logo on 01/09/2008 in an attempt to improve its brand image. The new logo is quite modern representing the bounding of bank with its customer. In its one page advertisement there is a statement ‘What hasn’t changed is our philosophy of services with warmth & understanding.’ In reality the bank doesn’t give people friendly services.