Expecting Income Tax Incentives On Bank Deposits: Mukesh Butani

Mr Butani expects the finance minister to announce some changes in the indirect tax regime to usher in GSTFinance Minister Arun Jaitley will focus on three to four broad themes in this year’s budget, says Mukesh Butani, managing partner at BMR Legal. Tax benefit to deal with inflation, rejigging of threshold and slab rates and tax relief on interest earned from bank deposits could be announced in budget, he added.

“There could be some form of incentive for garnering greater degree of deposits in the banking sector. He (Jaitley) could raise the limit on interest deduction on interest from bank is concerned,” Mr Butani told NDTV Profit. (Watch)

According to the current tax laws, if the total interest on bank deposits in a financial year crosses the threshold limit of Rs 10,000, tax deducted at source (TDS) is applied on the interest earned.

In the previous year’s budget, Mr Jaitley had announced the government’s intention to reduce corporate tax from 30 per cent to 25 per cent over the next four years. Mr Butani expects the finance minister to outline a roadmap for lowering of corporate tax rate.

“The primary agenda would be how the corporate tax rate would be lowered over the next 4 years, including the phase-out programs for various exemptions.”

Indirect tax

Mr Butani expects the finance minister to announce some changes in the indirect tax regime to usher in GST (goods and services tax).

“In the light of Parliament logjam on GST, people would be wondering what is the finance minister is going to do as far as GST is concerned. Taking away of the central sales tax (CST) will be important signal for the GST,” he said. “The government is well within its realm to carry out the requisite amendments for indirect tax central sales tax levies for seamless credits. That will ease pressure and signal that the central part of GST is concerned, at least seamless credits are available.”

CST is levied on goods in inter-state trade. Under the proposed GST regime, major central and state taxes will get subsumed into GST to bring in a uniform tax regime across the country. In anticipation of implementation of GST, the central sales tax goods was brought down from 4 per cent to 2 per cent in two phases in 2007-2009 but this tax has not yet been fully phased out yet.

Mr Butani also expects the government to address the inverted duty structure issue in some sectors. Under the inverted duty structure, the import duty on the raw material is more than the import duty on the same finished product, a taxation structure the hurts the competitiveness of domestic manufacturing industry.

“You could also very well see, the continuing efforts of successive governments, including this government, to address the inverted duty structure in certain industries in which it is still around,” he said.

Mr Bhutani also expects the finance minister to announce administrative tax reforms to increase the ease of doing business in India and also defer the general anti-avoidance rule (GAAR) for another year. (Read: 5 facts about GAAR)

[“source-ndtv”]

How to Download and Manually Install Android 6.0.1 Marshmallow on Nexus Devices

How to Download and Manually Install Android 6.0.1 Marshmallow on Nexus DevicesThe first major update to Android 6.0 Marshmallow has begun rolling out to Nexus and Android One devices. If you are the impatient kind who wants to download the update immediately, then you can do it manually. Google has released Android 6.0.1 Marshmallow factory images for various devices in its Nexus range.

We’ve listed the new features in Android 6.0.1 and if you have one of the eligible devices, you will get an OTA update soon. The following devices will get Android 6.0.1 Marshmallow.

There are several risks involved with manually downloading and installing Android factory images. You could lose all of your data and the process is pretty complex that’s best avoided if you are new to this kind of a thing.

(Also see: Best Android 6.0 Marshmallow Features)

Android 6.0 Marshmallow is currently available for the following devices – Google Nexus 5, Google Nexus 6, Google Nexus 7 2013, Google Nexus 9, Google Nexus Player, Google Nexus 6P, and Google Nexus 5X. Here’s how to manually install Android 6.0 Marshmallow on these devices.

1) Download and install the latest Android Studio Preview on your Windows computer. This installs the ADB and Fastboot programmes, which can be accessed through the command terminal on your PC.

2) Add the SDK folder to the PATH by following these steps:

3) Right click My Computer and click on Properties.

4) Click on Advanced System Settings.

5) Click on System Properties > Advanced > Environment Variables.

6) In the Window, select Path, then click on Edit, and then type in the name of the directory where you installed the SDK, and remember that each entry is separated by a semi-colon.

7) Enable USB debugging on your device. First, go to Settings > About Phone > Software information.

8) Tap Build number seven times.

9) Go to Settings > Developer options. Tick USB debugging.

10) Download the correct factory image for your device.

Android 6.0.1 for Nexus 5

Android 6.0.1 for Nexus 6

Android 6.0.1 for Nexus 7 2013 Wi-Fi

Android 6.0.1 for Nexus 7 2013 Mobile

Android 6.0.1 for Nexus 9 Wi-Fi

Android 6.0.1 for Nexus 9 LTE

Android 6.0.1 for Nexus Player

Android 6.0.1 for Nexus 6P

Android 6.0.1 for Nexus 5X

11) Extract the image on your computer. This should give you a tar file. Extract it again.

12) Connect your device to your computer over USB.

13) Start the device in fastboot mode.

The easiest way to do this is to hold a key combination while powering up the device. For Nexus 5, hold the volume up, volume down and power buttons while powering on the device. The full list of key combinations for different devices is here.

You can also boot into fastboot mode using the ADB tool: With the device powered on, go to the command terminal and execute the following: adb reboot bootloader

If needed, unlock the device’s bootloader through your computer using the command terminal and executing: fastboot oem unlock

1) Open a command terminal and navigate to the unzipped system image directory.

2) Execute flash-all.bat, which was a part of the unzipped image file. This script installs the necessary bootloader, baseband firmware(s), and operating system. For this to work, you need to have added the folder where ADB and Fastboot are installed to the system’s path as described in step 2.

3) When this is done, Google recommends that you lock the bootloader for security. You can do that by booting the device in fastboot mode while still connected via USB, and using the command terminal to execute: fastboot oem lock.

That will install Android 6.0.1 Marshmallow on your Nexus device. For more tutorials, visit our How To section.

[“Source-Gadgets”]

Amazon and Snapdeal Sales: The Best Deals on Offer

Amazon and Snapdeal Sales: The Best Deals on Offer

E-commerce giants Flipkart, Amazon, and Snapdeal are running Republic Day promotional sales this week, and we’ve picked the best deals for you. Before we get started, here are a few pro tips to help you make the most out of these sales:

  1. Always compare prices before buying. Paytm is currently running some pretty decent cashback offers on electronics. Some of those are run as flash sales. Before you buy anything on this week’s sale, make sure you compare the effective prices (price after cashback) on Paytm and other rival sites.
  2. Make sure you bundle your purchases with the right cards. Amazon is offering cashback offers to Citibank card users while Snapdeal is running promotions for American Express and Yes Bank users. Bundling these cashback offers will make the deals even sweeter.
  3. If you spot a deal that’s lower than the minimum amount required to get free shipping, add a small book to your cart (ideally less than the shipping fees) to get free shipping on your order. This is presently valid on both Amazon and Snapdeal.

(Also see: Flipkart Republic Day Sale: What’s on Offer)

1. Sony PlayStation 4 1TB
If you’ve waited all this while, now is probably the right time to grab the PlayStation 4 1TB Ultimate Player Edition. Amazon’s Great Indian Sale has Sony’s gaming console down to Rs. 33,900 (MRP Rs. 37,690). The console bundles games like God of War and Infamous Second Son. The 1TB space is perfect if you prefer digital editions of games, and have enough bandwidth bundled with your Internet plans, though it’s relatively easy to upgrade your PS4’s hard disk. The PlayStation 4 comes with Sony’s new DualShock 4 wireless controller, mono headset, HDMI cable, USB cable, and a power cable. You’ll receive complete 1-year manufacturer warranty with the purchase.

sony_playstation_4_1_tb_ultimate_player_amazon.jpgPrice: Rs. 33,900 (MRP Rs. 37,690)

Link: Amazon

2. LG Nexus 5X 16GB
The Nexus 5X is finally down to the Rs. 20,000 price point. Amazon is selling it for Rs. 20,990 (MRP Rs. 31,990) on its Great Indian Sale this week. Even though the Nexus 5X did receive its due share of price cuts after launch, this is the lowest we’ve seen so far. If you are in the market for an Android device and prefer the 5-5.2-inch screen sizes, the Nexus 5X is a pretty strong contender at this price. It features a 12.3MP camera which is capable of recording videos in 4K, and a 5MP front-facing camera. The Nexus 5X comes with a 5.2-inch full HD IPS display. The smartphone is powered by the Snapdragon 808 SoC which includes a hexa-core processor, supported by 2GB of RAM. It runs Android 6.0 (Marshmallow) out of the box.
Price: Rs. 20,990 (MRP Rs. 31,990)

Link: Amazon

3. JBL SB250 soundbar
The JBL SB250 soundbar is now down to Rs. 15,990 (MRP Rs. 39,990) on Snapdeal’s Republic of Savings promotional offers this week. The soundbar comes with a wireless subwoofer, and includes support for Bluetooth connectivity. You can use the soundbar with your computer, laptop, mobile phone, or even your big-screen TV. The JBL SB250 also ships with a remote control that allows you to enable/disable the speaker and control volume. The soundbar also ships with a 3.5mm analog cable and an optical cable.

JBL_Cinema_SB250_Wireless_Bluetooth_snapdeal.jpgPrice: Rs. 15,990 (MRP Rs. 39,990)

Link: Snapdeal

4. LG 43-inch ultra HD TV
Looking for a 4K smart TV that fits your budget? The LG 43-inch 4K smart TV is down to Rs. 57,999 (MRP Rs. 79,900) as part of Amazon offers. The TV normally retails at the Rs. 60,000 price point on all major online stores. It includes two USB and two HDMI ports. LG’s Ultra HD TV supports 4K resolution on an IPS display panel that promises a high quality viewing experience. The TV can also upscale existing content to 4K quality, even though that’s not entirely true 4K resolution. The smart TV runs webOS 2.0 which allows you to run several apps like YouTube, Gaana, etc. At this price point, it makes quite an enticing option if you are in the market for a big-screen TV from a reputed brand.

lg_4k_ultra_hd_tv_amazon.jpgPrice: Rs. 57,999 (MRP Rs. 79,900)

Link: Amazon

5. Sony ILCE-3500J with SEL 18-50 lens
Looking for a great camera at the Rs. 20,000 price point? The Sony ILCE-3500J is now down to Rs. 21,280 (MRP Rs. 25,990) as part of Snapdeal’s Republic Day deals. The digital camera ships with SEL 18-50 lens kit and includes Sony’s 2-year standard warranty. The Sony ILCE-3500J is powered by the Exmor APS HD CMOS sensor and is capable of capturing videos in full HD. The BIONZ image processor promises to reduce the amount of time it takes to view a photo you’ve just clicked on the camera’s display. The camera also features built-in special effects, if that’s your thing. The built-in flash will allow you to capture photos in the dark.

sony_digital_e_mount_alpha_3500_snapdeal.jpgPrice: Rs. 21,280 (MRP Rs. 25,990)

Link: Snapdeal

6. Xiaomi Redmi Note Prime 16GB
Xiaomi’s Redmi Note Prime 16GB is down to Rs. 7,999 (MRP Rs. 8,999) as part of Amazon Great Indian sale. Combine it with Citibank’s 10% cashback offer on the website or the 15% cashback offer on the app to get an additional discount on the smartphone. The Redmi Note Prime 16GB features a 5.5-inch HD display and a 13MP primary camera at the back. It runs Android 4.4 (KitKat) out of the box, and is powered by Snapdragon 410 SoC which includes a quad-core processor and an Adreno 306 GPU. The smartphone supports dual SIM (4G+4G).

xiaomi_redmi_note_prime_sides.jpgPrice: Rs. 7,999 (MRP Rs. 8,999)

Link: Amazon

[“Source-Gadgets”]

RIP Free Basics, No More Refunds on Amazon, and Other Headlines This Week

RIP Free Basics, No More Refunds on Amazon, and Other Headlines This Week

This week in tech, we’ve seen some major developments on Net Neutrality in India, and also some impressive scientific developments. There were also some big game releases, so there’s a lot to track. Worried you missed out on any news this week? Here are the highlights that we’ve picked this week.

Apple, no stranger to legal tussles, might be back in court again thanks to iPhone Error 53. Google meanwhile is having a good year, and gave CEO Sundar Pichai a record setting stock grant of $199 million, making him the highest paid CEO of a publicly traded company in the US this year.

In India, there’s some interesting news about phones this week – Reliance Retail’s fourth Lyf-branded smartphone, the Flame 1, launched at Rs. 6,490. The phone supports 4G LTE, and will work on Reliance Jio’s network, as well as any other 1800MHz network. The Android 5.1 Lollipop-based Flame 1 offers dual-SIM support. The handset is powered by a 1.1GHz quad-core Qualcomm Snapdragon 210 (MSM8909) processor clubbed with 1GB of RAM. It packs 8GB of inbuilt storage and supports expandable storage via microSD card (up to 32GB). Reliance isn’t the only player with 4G news this week though – Vodafone rolled out its service in Bengaluru this week.

vodafone_4g_delhi_reuters.jpgHTC has slashed the price of the HTC Desire 728 Dual SIM by Rs. 1,000 – the phone was launched just last month, at Rs. 17,990, and is now available at Rs. 16,990. Speaking of shopping online though, you’re not going to be able to get refunds on phones from Amazon anymore. “All mobile phones that are fulfilled by Amazon, purchased on or after 7th February 2016, will have a replacement only policy. Mobile phone items that are fulfilled by Amazon will no longer be eligible for refunds,” a statement posted on Amazon India’s returns policy page states.

There were some big developments in gaming, as one of the biggest piracy groups in the world announced it won’t crack single-player PC games anymore. This would have given game companies something to feel happy about, except that the group quickly took an about face on the subject. Thegroup’s chief announced they were close to breaking the copy protection on games like FIFA 16. This was apparently because people thought the group was quitting because of the technical challenges in the new copy protection, so it wants to prove that isn’t the case.

At the same time, piracy for shows and movies might get even easier, as you can now stream movies, TV shows on the Pirate Bay so all you need is your browser – no torrents software is needed, thanks to a plugin called Torrents Time. It may not be a very good idea though if you are worried about your privacy and security.

thepiratebay_logo_wiki_1.jpgMeanwhile, at the start of the week, the Telecom Regulatory Authority of India (Trai) laid downregulations on discriminatory pricing that are strongly in favour of net neutrality. These new regulations also don’t allow for Facebook’s Free Basics which is why the social network shut down the project in India.

Not everyone was happy with the decision, which drew a lot of criticism from several Silicon Valley luminaires, especially Facebook board member Marc Andreessen, who said an anti-colonial mindset was hurting India. Although Facebook CEO Mark Zuckerberg had earlier said he was disappointed by the Trai verdict, he condemned Andreessen’s outburst, saying he found the comments deeply upsetting.

Facebook isn’t the only social network in the spotlight this week though. Twitter has drawn ire for its changes to the timeline, and the company rolled out the new Facebook-like algorithmic timeline. The good news – if you don’t like this feature – is that you can opt out of seeing the updates. CEO Jack Dorsey, under pressure to improve Twitter’s financial prospects, also said he is planning to make Twitter less confusing.

square_dorsey_ap.jpgQualcomm unveiled new Snapdragon SoCs for mobiles, which will probably make their way into phones soon. A fuel-cell maker also talked about new battery technology that could give smartphones a seven day battery life.

On Friday, Albert Einstein’s century-old theory about gravitational waves was confirmed and it’s a major development that may inaugurate a new era of astronomy in which gravitational waves are tools for studying the most mysterious and exotic objects in the universe. That being said, it’s also a pretty complicated subject. If you’re wondering what are gravitational waves, and why should you care, the previous link should have you covered.

These were the big highlights of this week according to us. Did we miss something? Tell us via the comments.

[“Source-Gadgets”]