CA CMA Syam sundar

Petition Document link: https://drive.google.com/file/d/1RNnKQMONun5bJ39LKMetZ-vgF_SSZAhR/view?usp=drivesdk summary:   Petition filed in The Supreme Court to increase the basic exemption limit under The Income Tax to Rs. 8 Lakhs. Why Rs. 8 Lakhs come into picture? So let's understand the Background of this case. Economically weaker section (EWS): As per the 103rd amendment of the constitution of India, a person shall be classified under Economically weaker section (EWS), if all the following conditions are satisfied: a) Candidate's annual family income must be less than Rs. 8 lakhs per annum. b) Their family must not own more than 5 acres of agriculture land. c) The residential flat area should be below 1000 sq ft. or residential plot less than 100 sq. yards in the notified Municipalities, or residential plot less than 200 sq. yards in the areas other than the notified Municipalities. Now let's us understand what was the purpose of categorising some people as EWS. Th...

  Do you know the 10 Key Financial Metrics Every Manager Should Know and Monitor? 1️⃣ Gross Profit Margin Gross profit margin is a profitability ratio that measures the percentage of revenue left after subtracting the cost of goods sold. 2️⃣ Net Profit Margin Net profit margin is a profitability ratio that measures the percentage of revenue and other income left after subtracting all business costs, including costs of goods sold, operating expenses, and taxes. 3️⃣ Working Capital Working capital is a liquidity measure that calculates whether the business can cover its current payment obligations with its current assets, and the value of the additional resources remaining to invest in growth. 4️⃣ Current Ratio The current ratio is a liquidity ratio that calculates if the business has sufficient short-term assets to satisfy short-term obligations. 5️⃣ Quick Ratio This is a stricter version of the current ratio which removes inventory from the numerator of that ratio beca...

 Eagles are a sign of power and leadership. They signify bravery, inspiration, longevity, concentration, and clarity. There are seven leadership lessons we can learn from an eagle: ✱ 𝐒𝐭𝐚𝐲 𝐚𝐰𝐚𝐲 𝐟𝐫𝐨𝐦 𝐧𝐚𝐫𝐫𝐨𝐰-𝐦𝐢𝐧𝐝𝐞𝐝 𝐩𝐞𝐨𝐩𝐥𝐞, those that bring you down, and accept that you are always alone at the top. Eagles fly Alone and at High Altitudes: They don't fly with sparrows, ravens, and other small birds. ✱ 𝐇𝐚𝐯𝐞 𝐚 𝐕𝐈𝐒𝐈𝐎𝐍 𝐚𝐧𝐝 𝐫𝐞𝐦𝐚𝐢𝐧 𝐅𝐎𝐂𝐔𝐒𝐄𝐃 no matter what the obstacles and you will succeed. Eagles have an Accurate Vision: They have the ability to focus on something as far as 5km away. ✱ 𝐃𝐨 𝐧𝐨𝐭 𝐫𝐞𝐥𝐲 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐩𝐚𝐬𝐭 𝐬𝐮𝐜𝐜𝐞𝐬𝐬, keep looking for new frontiers to conquer. Eagles do not Eat Dead things: They Feed only on FRESH PRAY. ✱ 𝐅𝐚𝐜𝐞 𝐲𝐨𝐮𝐫 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐡𝐞𝐚𝐝-𝐨𝐧 knowing that these will make you emerge stronger and better than you were. Eagles Love the Storm: When clouds gather, the eagle gets excite...