GOLDEN QUOTE

When people cannot stand by you because they do not understand you, God
will stand by you.

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Quote

Quote of the Day


It's one of the ironies of investing. The rich can afford to take risks,
but they don't need to. The poor need to take risks, but they often can't
afford to. - Jonathan Clements


SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

letter of intent

Term of the Day - letter of intent


A letter from one company to another acknowledging a willingness and
ability to do business. A letter of intent is most often issued as
acknowledgment of the fact that a merger between companies or an
acquisition is being considered seriously. Sometimes, a letter of intent
may also be issued by a mutual fund shareholder to indicate that he/she
would like to invest certain amounts of money at certain specified times.
In exchange for signing a letter of intent, the shareholder would often
qualify for reduced sales charges. A letter of intent is not a contract and
cannot be enforced, it is just a document stating serious intent to carry
out certain business activities.


SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……


************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

GOLDEN QUOTES

"NATURE GAVE YOU FACE , BUT YOU HAVE TO PROVIDE THE EXPRESSION"

SATBIR SINGH
PRESIDENT
JAB WE MET CA
REDEFINING PROFESSIONALISM……

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Lessons From Phelps Life

|--------------------------------------------------------------------------|
|At 23, Michael Fred Phelps has become an international sporting sensation.|
| |
|The young American swimmer has smashed seven world records and won eight |
|gold medals at the Beijing [Images] Olympics [Images], the first athlete |
|ever to secure first place so many times at a single Olympics Games. |
| |
|Given his success, it's easy to slot Phelps into the 'born achievers' |
|category -- at 23, he's established a glorious career doing what he loves |
|best, he's a millionaire, a world record-holder and the pride of his |
|nation. |
| |
|But hold on a minute -- is Michael Phelps really a born achiever? |
| |
|He may beg to differ. |
| |
|At the age of seven Phelps, the youngest of three children, was diagnosed |
|with Attention-Deficit Hyperactivity Disorder. For those not familiar with|
|the condition, ADHD is a childhood condition characterised by constant |
|activity, impulsive behaviour and the inability to focus one's attention |
|on anything for a short span of time. |
| |
|ADHD is treated with therapy and medication, but is not classified as |
|curable -- as per information on the website WebMd.com, about 60 percent |
|of afflicted kids carry the condition into adulthood. |
| |
|To help release his pent-up energy and to emulate his older sisters who |
|were also accomplished swimmers, Phelps took up swimming, starting to |
|outshine his peers right from the start. |
| |
|At the age of nine, Michael's parents divorced. His mother brought up all |
|three children single-handedly, encouraging them to follow their dreams at|
|all costs -- one middle-school teacher even told Michael's mother he would|
|never be a success. |
| |
|But successful Phelps is, and how. |
| |
|Yes, there are the occasional set-backs. Like the time back in 2004 when |
|Phelps, then 19, was arrested for driving under the influence of alcohol. |
|He was under the legal drinking age limit of 21 in any case and to top it |
|he was driving in an inebriated state. A repentant Phelps pleaded guilty |
|and was sentenced to 18 months probation, saying in court, "I recognise |
|the seriousness of this mistake. I've learned from this mistake and will |
|continue learning from this mistake for the rest of my life." |
| |
|So who is Michael Phelps? He was a regular kid who struggled with an |
|irregular condition and the divorce of his parents. He's young, he excels |
|at what he does and like the rest of us, slips up once in a while. |
| |
|And what life lessons do his struggles and successes hold for us? |
| |
| |
|Deal with your own issues effectively -- Michael certainly dealt with ADHD|
|and his parents' divorce that way. His mother helped him cope up with his |
|condition and channeled his energy into what he loved. |
| |
|Cut out the drama -- Michael's story is inspirational but at the same |
|time, neither the young man nor his family have exploited their |
|experiences to sensationalise his life. They've told it like it is. |
| |
|Zero in on your strengths and overcome your weaknesses -- He was less than|
|an average student at school, but Michael was a passionate and dedicated |
|student of his sport. The young swimmer is known to have studied tapes of |
|his races over and over, zeroing in on mistakes and working towards |
|bettering himself constantly. Excellent is still not good enough. |
| |
|Remain focused on your goals -- At the Athens Olympics back in 2004, |
|Phelps was beaten by teammate Ian Crocker beat in the 100m butterfly. He |
|put up a poster of Crocker in his room to motivate him and keeps a list of|
|his career goals beside his bed. |
| |
|Pursue what you love with passion and put in a genuine effort -- Phelps' |
|dedication to swimming was apparent back when he was nine and began to |
|break national records in his age group. His commitment to what he does |
|has grown with him. |
| |
|It's not just his career and his unbelievable performance at the Olympics |
|that classify Phelps as a winner -- it's his story of inspiration that |
|makes him a real champion, a youth icon, somebody to look up to. |
| |
|SATBIR SINGH |
|PRESIDENT |
|MEMBER JAB WE MET CA |
|REDEFINING PROFESSIONALISM…… |
| |
|--------------------------------------------------------------------------|




************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

life lovers

THE SON'S PORTRAIT

Kripa had become old. His body had become infirm and weak. Sorrow and age
had wrought havoc on his face and dulled his vision. He had lost his only
son in a battle. The pain had been too much to bear and he had lost the
will to live. One afternoon, a visitor knocked at his door and said "Sir, I
was also a soldier in your son's army regiment. I was with him when he
died. The bullet that was meant for me, actually hit him, because he came
in the way. I owe my life to him. I have painted a portrait of your son;
please accept it as a gift." Kripa was a connoisseur of art. The walls of
his beautiful house were adorned with masterpieces of great value, but this
one touched his heart. It was put above the mantelpiece in a place of
honour.

Many years later, Kripa passed away. His lawyer had a letter that was to be
read out after the cremation. The lawyer said, "Before I read out the Will
regarding the inheritance of the property, I have special instructions
regarding his most valuable property, i.e. his collection of master pieces.
I must auction out the vast collection of paintings and utilize the sum as
directed in the letter. I have been directed to put up for auction, this
portrait of his son first of all." So saying, the old lawyer put up the
portrait of the deceased son that had been presented by the soldier. There
were no takers. Again and again the lawyer called out for someone to name a
price, but no one wanted the crudely painted picture.

The old family gardener came forward; rummaged through his worn out pockets
and said, "I can pay Rs.27/- for it." The lawyer counted "One ... Two ...
Three ... Gone. The portrait is yours." Then he reached into his pocket and
took out an envelope, cut it open and pulled out the Will. It said, "The
entire collection of paintings shall be inherited by the buyer of my son's
portrait. The rest of the property may be auctioned and the proceeds used
for setting up an orphanage for the orphans of war." That was the end of
the auction.

So it is with the Lord. If only we show love towards those whom He loves;
He showers upon us His choicest treasures and blesses us with His grace.

SANJAY TANDON


************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

GOLDEN QUOTES

What causes the most pain- the mistake or the criticism for the mistake?

satbir singh
PRESIDENT
JAB WE MET CA
REDEFINING PROFSSINALISM....
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Prior period expenses

Prior period expenses

IN A recent ruling, the Delhi high court had an occasion to deal with the tax treatment of prior period expenditure. The court held that the question as to the year in which a deduction is allowable may be material when the rate of tax chargeable is different in different years. The court opined that where tax is levied at a uniform rate, it is immaterial whether the deduction is allowed in one assessment year or another. The tax department is not at loss in any event. The high court also observed that the tax department should restrain itself from raising points which do not affect the taxability of the assessee or the tax that the Department is likely to collect from the assessee in one year or other

Golden Quotes

What causes the most pain- the mistake or the criticism for the mistake?

Golden Quotes

What causes the most pain- the mistake or the criticism for the mistake?