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Asia Bizz: Income Tax India E-Filing – More Flexible Way Of Tax Filing

The number of Tax filings is in India is increasing year by year, and the amount of filings done by people with the IT department has also increased the work load of the people in the department.

So now the Income Tax department has decided to go the technological way, E-filing has been introduced by the IT department of India, so that filing becomes more convenient for tax filers from now on.

In the current population of India, 25% of the people are under the age of 25, which means the usage of such services will certainly increase in the future. The IT department has taken support from technology initiatives like the eRIs or the e-Return Intermediaries, from the websites like taxsmile.com, who have developed the service like working on tax filing by one-self system.

This process is known as the e-filing which is more convenient to tax filers when they need to submit their returns. The process is easy and simple and not complicated at all. Tax filers just need to follow the steps mentioned in the software which is used to create an e-file.

Asia Bizz: Poll Shows That Majority Of Pakistan Citizens Feel India Is Threatening

When a poll was taken under the Pew Research Center in Pakistan, to find the opinion of people regarding US and India, results show that they still think that India poses dangerous threat to Pakistan and US is their immediate enemy. Even though everyone knows what happening in Pakistan now days, the people consider India and US enemies and have forgotten about Taliban and Al-Qaeda who roam in their land in broad daylight.

When the people were asked who they think is their biggest enemy, India, Taliban or the Al-Qaeda, more than half of the folks (53%) said India. But still some of the crowd did believe that they want to improve ties with India, and some even insisted to increase the trade relations with India.

Even when the US is fueling Pakistan billions of dollars of arms aid, Pakistan (59%), still thinks that America is their major enemy, and only 8% of the Pakistani citizens feel that Obama can be trusted. Pakistani people witness very little threat from the extremists, Taliban and the Al-Qaeda, only 25% of the people feel that it would be unfair if these extremists took over Afghanistan.

State Department spokes person, P.J. Crowely stated, that it now seems that there is a huge trust deficit between US and Pakistan. And in recent months US is working really hard to improve the relations with the Islamic country.

Asia Bizz : David Cameron In India To Strengthen Trade Bonds

The British Prime Minister David Cameron is on a two day visit to India, in hopes to build strong trade relations and create better job opportunities.

The Downing Street has stated that this is the biggest trade delegation ever. He has started his tour in Bangalore and is expecting that UK should be the first partner of choice for India.

Britain seems to be taking India very seriously in trade matters, as the British Business Secretary Vince Cable, has stated that UK would be exporting British Civil Nuclear Technology to India for the first time. This move has come because India is not a part of the Nuclear Non-Proliferation Treaty. Mr. Cable feels that Britain could do better business in India and has a strong potential to that.

Mr. Cable in a speech in Bangalore gave stress on the fact that Britain wants to go ahead on civil nuclear relations.India had signed a deal with BAE to supply 57 Hawk training air crafts to India, which would be built by BAE, Rolls Royce and Hindustan Aeronautical Limited.

He said this dead has provided 200 jobs in the UK. He also took the opportunity to speak about Pakistan and said it is completely unacceptable from Pakistan, as it is supporting terrorism in its country.

The British Prime Minister is here with his cabinet ministers and other business executives, as they feel that India is a region, where it could prove to be a strong economic partner and will also help in boosting exports and attracting investments.

Asia Bizz: India’s Oil Minister Murli Deora Says Fuel Price Rise Is Minimal

As the Indian Parliament is boiling by the oppositions anger on the price rise issue, Oil Minister Murli Deora clearly made a statement that the burden on the consumers, in relation to the price rise in LPG is less than Rupee one per day and in kerosene is less than .50 paisa per day.

He said that the Indian government won’t be able to survive without being able to know what the people are undergoing; the price rise which the government has undertaken keeping in mind that it has relatively minimal impact on the peoples livelihood. He compared the LPG price rise against how long the LPG cylinder lasts in a normal household, stating that a rise of Rs.35 is less than a rupee burden on the public as the 14.2 Kg cylinder lasts for at least 30-35 days.

The price rise in the LPG was necessary as the production costs and the retail price difference was becoming unmanageable. International prices are also playing a big role in the fuel price hike.

A major Chinese news agency has stated that USA should change its policy, and should consider China as major player on the World stage. The statement came as China felt the the US is interfering without having any international in the territorial dispute int the South China Sea.

The agency has also stated that as Obama has praised China and is welcoming the country on a world stage, these words needed to be backed with actions. And if the U.S. fails to recognize China as a strong player in the global market, then the relations between the two countries could be hampered. And if there is a dispute in the ties, then it will not only be a negative impact to both the nations, but also to the whole world.

The U.S. – Chinese relations will not only be better for the countries in the Southeast Asia, but also to the whole world, as they want peace and prosperity to be enveloped in these regions, no one wants a disputed US-Sino relation.

Asia Bizz: Zen Mobiles Launch ‘Zen z82′ Model With TV Technology

Zen Mobiles, a company that has recently entered into the mobile section, is coming up with newer technologies, right from the moment it zoomed in.

The best part of the Zen Mobiles is that it offers mobiles with loads of features with very less price as compared to its competitors.

Their recently launched model ‘Zen z82’ facilitates television viewing. No other brand has offered this technology so far. Ofcourse the feedback still hasn’t reached the company, so whether is it a ‘hit’ feature or not, is yet to be known.

Apart from TV viewing Zen z82 offers two mega pixels (2 MP) camera, dual sim functioning, music player and Bluetooth facility.

It provides five hours of talktime with 220 hours of standby time. The display screen of Zen z82 is of 2.4 inches and it is costing for Rs. 4800/- Indian Rupees.

Asia Bizz: Anna Fermanova – 24 Year Old Russian’s Arrest In March Compared To Spy Ring

Anna Fermanova, 24, has been arrested in the US when she was reportedly trying to smuggle U.S night vision rifle scopes from U.S.A to Russia. She was held at the JFK airports when she was trying to board a Moscow bound flight, in March 2010. She has been detained by the U.S, for trying to export arms with license.

Anna Fermanova (Pic: Facebook)

The case is being trying to be linked with Russian Spy Anna Chapman, who was 28 years old and was arrested along with 10 Russians on account of spying. Fermanova has been arrested on the 15th July from her parents home in Dallas, Texas.

She has been convicted of smuggling rifles with scopes and one of them had night vision in it, as per the court statement. The rifle numbers had been hidden by a marker pen. The court ruled out her connection in the spy ring case.

Asia Bizz: New BP Chief Elected – New Oil Spill Reported On Kalamazoo River

As the new Chief elected by BP, Robert Dudley, took the oath of being the Chief on Tuesday,but oil workers in Michigan and Louisiana were fighting against two but minor oil spills.

Pic: Jonathon Gruenke

Robert Dudley became the first non-Britisher to become the Chief of BP. However, the company has to curb with a cost of $32.2 billion during the oil spill, out of which BP claims that it would be seeking of a $9.9 Billion tax credit.

Out going BP chief, Tony Hayward, was asked about the tax credit issue, he stated that they are working as per the IRS regulations, as it is written by the IRS itself. Hayward is scheduled to leave the company by the 1st of October. Dudley who was overseeing the gulf relief operations has been elected to be the next Chief.

Hayward himself stated, that life isn’t just fair and that BP cannot move into US with him as the CEO. The White House had not been to impressed with his comment which he had made during the oil spill catastrophe.

An Enridge oil spill int the Kalamazoo river in southern Michigan has reportedly become a threat to the ecosystem and has even been named the worst oil spill in the mid-west.

Source: HeraldNet

Asia Bizz: Internet Addresses To Exhaust In 12 Months From Now

The experts claim that the internet addresses would be getting over within 12 months from now. And functioning by the internet providers will result in expensive internet connections and broken applications.

They informed that the internet protocol IPv4 provides just 4 billion IP addresses per computer, website or any other device that has internet connection.

The present condition states to have just 232 million IP addresses remaining and the maximum time left for this to get exhaust is 340 days, to be precise.

John Lindsay, Carrier Relations Manager at Internode, an internet service provider (ISP) said, “When the IPv4 protocol was developed 30 years ago, it seemed to be a reasonable attempt at providing enough addresses, bearing in mind that at that point personal computers didn’t really exist.”

The experts did found a solution for this problem like creating a totally new protocol IPv6 that will cater trillions of addresses per person. But the investments for this are very high and no one is taking their feet ahead to invest in this project.

Asia Bizz: CBI Accused By Jethmalani, For Leaking Charge Sheet Against Amit Shah

Ram Jethmalani, eminent Lawyer and BJP MP has accused the CBI in leaking the charge sheet against former Gujarat minister Amit Shah, in the Sohrabuddin encounter case.

Image Source PTI

Mr. Jethmalani stated that charge sheet is available with the media but not with the accused, this is all CBI’s fault. Some parts of the charge sheet were regularly being published in the newspapers, but the Shah did not even have a copy of the sheet.

Jethmalani consistently condemned the CBI and said this is unfair. But on the other hand a senior lawyer has stated that copy of the sheet has been sent to Amit Shah. Jethmalani, soon as he took the oath of being an MP in Rajya Sabha for Rajasthan, he went to Ahmadabad to support Shah.

He stated that he had no issues of the interrogations but the questionings should have been recorded. The court had ordered that the interrogation to be video recorded.

Sources : The Hindu