Aarthik doctor

11/12/2025

02/03/2024

LMA YMF & Avadh Girls' Degree College organized a workshop on "How to Make a Business Plan for a Minor Project" on 1st March 2024, featuring CA Devesh as the distinguished speaker. The workshop, held in the college auditorium, aimed to equip participants with the essential skills needed to formulate effective business plans for minor projects.
The session covered various vital aspects of framing a business plan, beginning with the importance of Specific, Measurable, Achievable, Relevant, and Time-bound goals (SMART). Mr. Agarwal further discussed the external factors affecting projects through PESTEL analysis (Political, Economic, Social, Technological, Environmental, and Legal). He elaborated on the critical elements of structuring a business plan, such as Budget Statement, Statement of Contribution, Accounting, Tax Liability Calculation, and Standard Costing, incentive mechanism of costing, delving into effective incentive structures to motivate teams and optimize costs. Around 100 students were present in the session.
He addressed the significance of developing robust HR policies to ensure smooth project ex*****on and contract implications, and he further discussed the legal aspects and implications of contracts in project management. He highlighted the importance of aligning business plans with industry standards and specifications and stressed the necessity of clearly defining the problem statement to guide the project in the right direction. He advised the students to prepare a Business plan checklist, providing a comprehensive checklist to ensure all crucial aspects are considered during business plan formulation. He made the students explore effective marketing strategies and branding techniques for project success. He also shared insights into creating impactful brand names and taglines to enhance project visibility. A hands-on session allowed participants to actively engage in creating a mock business plan, fostering practical understanding. CA Devesh Agarwal's expertise shone through as he presented valuable information and patiently addressed attendees' queries, enriching the learning experience. This workshop proved invaluable for the students seeking to develop a business plan for minor projects, equipping participants with practical knowledge and a systematic approach to project management.

17/02/2019

*Accidental Death & Compensation*:
(Income Tax Return Required)
Knowledge is Power....

If a person has an accidental death *and the person was filing income tax returns for the last three years*, then the government is obliged to give *ten times the average annual income of the last three years* to that person's family.
Yes, you will be surprised by this, but this is right and *it is Government rule.*
For example, if someone's annual income is 4 lakh 5 lakhs and 6 lakhs in the first, second and third years respectively, its average income is ten times of five lakhs.. means fifty Lac rupees, family of that person is entitled to receive from the Government.
In the absence of much information, people do not take this claim with the Government.
If any return is missing, mainly last three years, this could lower the claim amount or even no claim because court takes ITR as only evidence.
NO wealth record, FD's; business etc. is given that much importance as compared to ITR in the eyes of law.
Many a time, people do not file ITRs regularly..or it will be taken lightly..
Due to lack of information the family receives no economic benefits.

Source - forwarded
*Section 166 of the Motor Act, 1988* (Supreme Court Judgment under Civil/ Appeal No. 9858 of 2013, arising out of SLP (c) No. 1056 of 2008) Dt. 31 Oct. 2013.

*Spread the word. Let someone's family benefit.*

17/02/2019

HIGHLIGHTS OF BUDGET 2019

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers.

02/02/2018

Budget Highlights 2018-19
No changes in personal income tax slabs.
Salaried tax-payers to get a standard deduction of ₹40,000 in lieu of transport allowance and "other medical expenses".
₹2,000-crore fund for development of agri markets.
All senior citizens will now be able to claim benefit of a deduction of ₹50,000 for any medical insurance.
For critical illnesses, the deduction has been increased to ₹1,00,000.
Free power connections to 4 crore homes under Saubhagya Yojana.
Eight crore free gas connections for poor women through Ujjwala Yojana.
Govt. to implement minimum support price for all crops; It is hiked to 1.5 times of production costs.
Govt. to contribute 12% of wages of new employees for all sectors.
New flagship National Health Protection Scheme, providing a health insurance cover of ₹5 lakh per family per year announced.
Railway capex for 2018-19 set at ₹1.48 lakh crore.
Disinvestment target for this year set at ₹80,000 crore.

02/02/2018

Government has expanded the scope of Custom Act in order to cover the persons who are situated outside India and make contravention of any provisions of Custom Act.
This will empower the Government to control offences committed by any person whether In India or outside India.
FM clarifies that Cryptocurrencies shall not be deemed as legal tender and strict actions might be taken against investors in Cryptocurrencies.
However, he also mentioned that Govt. can explore ways for using the blockchain technology for digital transactions.
If it is not considered as legal tender, whether any transaction in it will be subject to GST or not is yet to be clarified.
Enhancing railway capacity is major focus of government; major program initiated for maintenance, safety, warning system and Fog safety of railways
Railways to be enhanced, capacity constraint to be addressed
Increase in use of technology to ensure safety on the railway network to be employed.
EPF for women to reduce to 8% to employees fund in the first 3 years
Demonetization has the effect of reducing the amount of cash in circulation and it has also helped the Govt. to promote digital transactions. To incentivize the small and medium enterprises, last year Govt. had reduced the presumptive tax rate from 8 per cent to 6 per cent for the transactions carried through banking channels.
Government is seriously concerned for providing electricity to every rural family. Govt. has decided that it will allocate Rs 16,000 crores to provide electricity to rural areas under Pradhan Mantri Saubhagya Yojna.
Providing 5 lakh rupees per family per year for medical reimbursement, under National Health Protection Scheme. This will be world's largest health protection scheme
Finance Minister proposes health coverage of Rs. 5 lakhs per annum to 10 Crores poor and vulnerable Families under National Health Protection Scheme. This scheme will provide benefits to 50 Crores Indian Citizens.

01/02/2018

No person will make a great business who wants to do it all himself or get all the credit.

01/02/2018

एक नया व्यवसायी हमेशा कुछ नये की खोज में रहता है वो खोजता है और इसका इस्तेमाल एक अवसर की तरह करता है |