My Experiences

These are the excerpts from a very good book with the same name. Human beings have the capability to think and try to answer the WHAT IF question. But to solve that question we need to understand the workings of our mind. This secret wiring of human mind helps or blocks our desire to be happy. Following are the key points which summarize the information in the book: Stumbling on Happiness.   When brains plug holes in their conceptualizations of yesterday and tomorrow, we tend to use a material called today . Future events may request access to the emotional areas of our brains, but current events almost always get the right of way. The point is that time and variety are two ways to avoid habituation, and if you have one, then you don’t need the other. When episodes are sufficiently separated in time, variety is not only unnecessary – it can actually be costly. So how do we decide how we will feel about things that are going to happen in the future? The answer is t...

From 2013-14 financial year onwards, Income Tax department of India will be taking TDS at 1% of installments being paid by buyer to builder/seller. This is valid for all flats/houses being bought of total value more than 50 lakhs. So what is the procedure to go through this hassle? 1. Get your PAN [I assume you are buyer, as it is buyer's task to deduct TDS] 2. Get the seller details:     a.  PAN     b.  Name     c.  Address     d.  Phone.     e.  Email id 3. Get flat/house address details. 4. Type of property: Whether it Residential or not. 5. Total Sale consideration: This includes parking cost, VAT, service tax (under-construction property), khata charges and electricity back up charges. 6. Date of Sale Agreement[ /Booking if no agreement signed yet] 7. Total amount paid/credited [This is the installment amount] So after getting all the above details, what t...