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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Your worst enemy cannot harm you as much as your own
unguarded thoughts.”
Law Updates:
 Government allows e-registration and e-payment of fees under
FCRA.
 Version of LLP Form 4 and Form 27 are going to be modified w.e.f
18th
December, 2015. Stakeholders are requested to plan
accordingly.
 CBDT mandated quoting of PAN for transactions above 2 lakhs.
The Government has also enhanced the monetary limit of certain
transactions which require quoting of PAN viz. Rs. 10 lakh from
Rs. 5 lakh for sale or purchase of immovable property, Rs. 50,000
from 25,000 in the case of hotel or restaurant bills and Rs. 1 lakh
from Rs. 50,000 for purchase or sale of shares of unlisted company.
PROFESSIONALS INPUTS:
 CBDT vide Press Release dated 15th
December, 2015 extended the
last date for December 2015 installment of advance tax for
taxpayers in Tamil Nadu and Puducherry from 15.12.2015 to
31.12.2015 in view of unprecedented rainfall and floods in these
areas.
 CBEC vide Notification No. 142/2015-CUSTOMS (N. T.) dated
15th
December, 2015 fixed the Tariff Value of Edible oil, Brass,
Poppy seed, Areca nut, gold and Silver.
 DVAT vide Circular No. 32 of 2015-16 dated 15th
December, 2015
extends the last date of filing of online return in Form 9 for the year
2014-15, prescribed under Rule 4 of Central Sales Tax(Delhi)
Rules, 2005 to 15th
January 2016.
MARKET WATCH:
SENSEX: 25503.94 182.74 NIFTY: 7753.70 52.80
SILVER: 33556 .00 69.00 GOLD (MCX): 25249.00 -98.00
USD/INR: 66.93 -0.09 CRUDE OIL: 2512.00 59.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 16th
December, 2015
www.csrajivbajaj.com
Mark Shuttleworth
Founder of Canonical Ltd.
“Each of us has a dream, something we want to fulfil in life”
Mark Richard Shuttleworth (born 18 September 1973) is a South African entrepreneur
and space tourist who became the first citizen of an independent African country to
travel to space. Shuttleworth founded Canonical Ltd. and as of 2013, provides leadership
for the Ubuntu operating system. He currently lives on the Isle of Man and holds dual
citizenship of South Africa and the United Kingdom.
Early Life:
Born in Welkom in South Africa's Orange Free State as a son of a surgeon and of a nursery-school teacher, Shuttleworth
attended school at Western Province Preparatory School (where he eventually became Head Boy in 1986), followed by one
term at Rondebosch Boys' High School, and then at Bishops/Diocesan College, where he was Head Boy in 1991.
Shuttleworth obtained a Bachelor of Business Science degree in Finance and Information Systems at the University of
Cape Town, where he lived in Smuts Hall. As a student, he became involved in the installation of the first residential
Internet connections at the university.
Work
Shuttleworth founded Thawte Consulting in 1995, which specialised in digital certificates and Internet security. In
December 1999, Thawte was acquired by VeriSign, earning Shuttleworth R 3.5 billion (about US$ 575 million at the time).
In September 2000, Shuttleworth formed HBD Venture Capital (Here be Dragons), a business incubator and venture
capital provider. In March 2004 he formed Canonical Ltd., for the promotion and commercial support of free software
projects, especially the Ubuntu operating system. In December 2009, Shuttleworth stepped down as the CEO of Canonical,
Ltd.
Linux and FOSS
In the 1990s, Shuttleworth participated as one of the developers of the Debian operating system. In 2001 he formed the
Shuttleworth Foundation, a nonprofit organisation dedicated to social innovation which also funds educational, free, and
open source software projects in South Africa, such as the Freedom Toaster. In 2004 he returned to the free software world
by funding the development of Ubuntu, a Linux distribution based on Debian, through his company Canonical Ltd. In
2005, he founded the Ubuntu Foundation and made an initial investment of 10 million dollars. In September 2005, he
purchased a 65% stake of Impi Linux.
About Ubuntu (operating system)
Ubuntu is a Debian-based Linux operating system and distribution for personal computers, smartphones and network
servers. It uses Unity as its default desktop environment. It is based on free software and named after the Southern African
philosophy of ubuntu (literally, "human-ness"), which often is translated as "humanity towards others" or "the belief in a
universal bond of sharing that connects all humanity".
Development of Ubuntu is led by UK-based Canonical Ltd., a company owned by South African entrepreneur Mark
Shuttleworth. Canonical generates revenue through the sale of technical support and other services related to Ubuntu. The
Ubuntu project is publicly committed to the principles of open-source software development; people are encouraged to use
free software, study how it works, improve upon it, and distribute it.
Awards and Recognistion
 On 25 October 2013, Shuttleworth and Ubuntu were awarded the Austrian anti-privacy Big Brother Award for
sending local Ubuntu Unity Dash searches to Canonical servers by default.
 In September 2010, he received an honorary degree from the Open University for this work.

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Newsletter dated 16th December, 2015

  • 1. www.csrajivbajaj.com THOUGHT OF THE DAY THOUGHT OF THE DAY “Your worst enemy cannot harm you as much as your own unguarded thoughts.” Law Updates:  Government allows e-registration and e-payment of fees under FCRA.  Version of LLP Form 4 and Form 27 are going to be modified w.e.f 18th December, 2015. Stakeholders are requested to plan accordingly.  CBDT mandated quoting of PAN for transactions above 2 lakhs. The Government has also enhanced the monetary limit of certain transactions which require quoting of PAN viz. Rs. 10 lakh from Rs. 5 lakh for sale or purchase of immovable property, Rs. 50,000 from 25,000 in the case of hotel or restaurant bills and Rs. 1 lakh from Rs. 50,000 for purchase or sale of shares of unlisted company. PROFESSIONALS INPUTS:  CBDT vide Press Release dated 15th December, 2015 extended the last date for December 2015 installment of advance tax for taxpayers in Tamil Nadu and Puducherry from 15.12.2015 to 31.12.2015 in view of unprecedented rainfall and floods in these areas.  CBEC vide Notification No. 142/2015-CUSTOMS (N. T.) dated 15th December, 2015 fixed the Tariff Value of Edible oil, Brass, Poppy seed, Areca nut, gold and Silver.  DVAT vide Circular No. 32 of 2015-16 dated 15th December, 2015 extends the last date of filing of online return in Form 9 for the year 2014-15, prescribed under Rule 4 of Central Sales Tax(Delhi) Rules, 2005 to 15th January 2016. MARKET WATCH: SENSEX: 25503.94 182.74 NIFTY: 7753.70 52.80 SILVER: 33556 .00 69.00 GOLD (MCX): 25249.00 -98.00 USD/INR: 66.93 -0.09 CRUDE OIL: 2512.00 59.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 16th December, 2015
  • 2. www.csrajivbajaj.com Mark Shuttleworth Founder of Canonical Ltd. “Each of us has a dream, something we want to fulfil in life” Mark Richard Shuttleworth (born 18 September 1973) is a South African entrepreneur and space tourist who became the first citizen of an independent African country to travel to space. Shuttleworth founded Canonical Ltd. and as of 2013, provides leadership for the Ubuntu operating system. He currently lives on the Isle of Man and holds dual citizenship of South Africa and the United Kingdom. Early Life: Born in Welkom in South Africa's Orange Free State as a son of a surgeon and of a nursery-school teacher, Shuttleworth attended school at Western Province Preparatory School (where he eventually became Head Boy in 1986), followed by one term at Rondebosch Boys' High School, and then at Bishops/Diocesan College, where he was Head Boy in 1991. Shuttleworth obtained a Bachelor of Business Science degree in Finance and Information Systems at the University of Cape Town, where he lived in Smuts Hall. As a student, he became involved in the installation of the first residential Internet connections at the university. Work Shuttleworth founded Thawte Consulting in 1995, which specialised in digital certificates and Internet security. In December 1999, Thawte was acquired by VeriSign, earning Shuttleworth R 3.5 billion (about US$ 575 million at the time). In September 2000, Shuttleworth formed HBD Venture Capital (Here be Dragons), a business incubator and venture capital provider. In March 2004 he formed Canonical Ltd., for the promotion and commercial support of free software projects, especially the Ubuntu operating system. In December 2009, Shuttleworth stepped down as the CEO of Canonical, Ltd. Linux and FOSS In the 1990s, Shuttleworth participated as one of the developers of the Debian operating system. In 2001 he formed the Shuttleworth Foundation, a nonprofit organisation dedicated to social innovation which also funds educational, free, and open source software projects in South Africa, such as the Freedom Toaster. In 2004 he returned to the free software world by funding the development of Ubuntu, a Linux distribution based on Debian, through his company Canonical Ltd. In 2005, he founded the Ubuntu Foundation and made an initial investment of 10 million dollars. In September 2005, he purchased a 65% stake of Impi Linux. About Ubuntu (operating system) Ubuntu is a Debian-based Linux operating system and distribution for personal computers, smartphones and network servers. It uses Unity as its default desktop environment. It is based on free software and named after the Southern African philosophy of ubuntu (literally, "human-ness"), which often is translated as "humanity towards others" or "the belief in a universal bond of sharing that connects all humanity". Development of Ubuntu is led by UK-based Canonical Ltd., a company owned by South African entrepreneur Mark Shuttleworth. Canonical generates revenue through the sale of technical support and other services related to Ubuntu. The Ubuntu project is publicly committed to the principles of open-source software development; people are encouraged to use free software, study how it works, improve upon it, and distribute it. Awards and Recognistion  On 25 October 2013, Shuttleworth and Ubuntu were awarded the Austrian anti-privacy Big Brother Award for sending local Ubuntu Unity Dash searches to Canonical servers by default.  In September 2010, he received an honorary degree from the Open University for this work.