Archive for the ‘FREE FIRE’ Category


Posted: April 3, 2011 in FREE FIRE

Belle Corporation vs. CIR
G.R. No. 181298
January 10, 2011

Section 76 of the 1997 NIRC reads:

Section 76. Final Adjustment Return. – Every corporation liable to tax under Section 24 shall file a final adjustment return covering the total net income for the preceding calendar or fiscal year. If the sum of the quarterly tax payments made during the said taxable year is not equal to the total tax due on the entire taxable net income of that year the corporation shall either:

(a) Pay the excess tax still due; or

(b) Be refunded the excess amount paid, as the case may be.

In case the corporation is entitled to a refund of the excess estimated quarterly income taxes paid, the refundable amount shown on its final adjustment return may be credited against the estimated quarterly income tax liabilities for the taxable quarters of the succeeding taxable years. Once the option to carry over and apply the excess quarterly income tax against income tax due for the taxable quarters of the succeeding taxable years has been made, such option shall be considered irrevocable for that taxable period and no application for tax refund or issuance of a tax credit certificate shall be allowed therefor.

Under the new law, in case of overpayment of income taxes, the remedies are still the same; and the availment of one remedy still precludes the other. But unlike Section 69 of the old NIRC, the carry-over of excess income tax payments is no longer limited to the succeeding taxable year. Unutilized excess income tax payments may now be carried over to the succeeding taxable years until fully utilized. In addition, the option to carry-over excess income tax payments is now irrevocable. Hence, unutilized excess income tax payments may no longer be refunded.

To repeat, under the new law, once the option to carry-over excess income tax payments to the succeeding years has been made, it becomes irrevocable. Thus, applications for refund of the unutilized excess income tax payments may no longer be allowed.



Posted: March 11, 2011 in FREE FIRE

The best place to score NBA cards (collectors’ items all; a handful are PSA- and Beckett-certified) is at Anime Eztazion starting March 14, 2011.

Anime Eztazion is that ultra-cool toy cum comics store located at the 2nd Floor of Metrowalk in Ortigas, Pasig City.

In a conversation with Jun, the shop owner, earlier today, he intimated that he intends to sell his mint condition NBA cards. He said he’s going to sell both cheap and pricey cards, all collectors’ items, but with a twist. These will be available in packs consisting of 5 to 10 cards. Jun will probably call his deal-buster bags as BLIND GRAB PACKS. He’ll start with 30 packs next week, initially. Included in these five- or ten-card packs are regular or base cards. Then he’ll also include maybe rookie AND jersey cards.

The best deal here is he will randomly put in there 2 guaranteed Kobe Rookie Cards. Premium cards. Pricey. As for the packaging of the cards, each will be individually placed in a penny sleeve (to avoid fingerprint marks), then into a top loader (to avoid dings or dents), then finally into a team bag (to make it dust-proof). Each pack will cost roughly 200 pesos.

See y’all there!


Posted: March 7, 2011 in FREE FIRE

After going over the blog of mekanda on bargain toys and where to get them, I readily checked out one store he blogged about. It’s Anime Eztazion at Metrowalk, Ortigas, Pasig City. Cool store. Cool items. Cool location. Probably the best toy store in town. The man who was manning the store, Jun, was very accommodating. Rummaging through his wonderful merchandise was like going through your bestfriend’s toy collection. He was very helpful, too.

I was amazed by his merchandise. He has a large collection of everything anime.

I bought, for starters, four (4) action figures. One is a five-inch Shrek. Jun sold it to me at half the price at reasons only known to us. Hahaha

Second, I got a two-inch Puss ‘N Boots (that cunning cat from Shrek).

Third, I had a four-inch Neytiri (the exotic Nav’i from Avatar).

Lastly, I picked a four-inch pirate which looks like Captain Hook. I’m not sure if that’s him. But what the hell…? Hahaha

I couldn’t help but smile and then chortle like a child with my stash in my black plastic bag while I was on my way back to the office.

I told Jun that I may start to pick up the anime hobby. I told him I’d start with small items — action figures, comics, etc.

Anime Eztazion has a wide array of anime collection, such as but not limited to toys, comics, stickers and posters.

I recommend the store to everyone. I give the store a five-star rating!

What’s the best spot along Padre Faura Street in Manila? I bet you would not pick what I have in mind.

The best spot occupies only around 3 sq. m. with no signboards or anything to identify it as a commercial establishment.

It’s a mobile book cum DVD store — the most mobile store there is. The store is manned by at least 2 guys. Their merchandise are spread on cheap rugs and boxes. But their book and dvd collection is far from cheap. It’s amazing! Those guys really know well their merchandise and their market. They have a stash of books whose authors include Harper Lee, Ernest Hemingway, Og Mandino, Dante, Ayn Rand and classic DVDs ranging from Woodstock concerts to Academy Award-winning movies.

The prices are reasonable and you may give those guys your wish list of book and DVD titles. Give them a few days and, voila!

I bought from them, for starters, Shōgun by James Clavell and To Kill A Mockingbird by Harper Lee.

I’ve searched everywhere but it’s only at Padre Faura where I found those books.


Posted: February 3, 2011 in FREE FIRE

Blogging is a cool thing after all. You can write about almost anything without due regard to convention. But I intend to keep lapses in grammar to a minimum. How about lapses in logic? I intend to keep them at a minimum, too. But I will allow myself to go astray from time to time. Life is hard enough so sometimes logic must be kept at bay when the need arises. Isn’t that cool? Life should not be taken too seriously at all times you know. Crazy as it is, life is all about having fun. Find fun at work or in every serious thing that you do so when the real fun comes, you will enjoy it more.


Posted: February 1, 2011 in FREE FIRE

In the controversy surrounding the creation of facebook, I am more inclined to believe Zuckerberg’s side of the story. He invented the said social networking site. The guy is a genius. NO doubt about that. He is the only one who could have the brains to create facebook. The Winklevoss twins may have happened to broach the idea of coming up with such a site. However, they couldn’t have done it on their own. If they  invented the site, or had the idea of such site, they should have not approached Zuckerberg in the first place. They should have done it on their own. It was Zuckerberg who put everything up. facebook was his own idea. He deserves all the credit. Great inventions come from brilliant minds who put it in actual practice.

They say Zuckerberg stole the idea for the website. If that is to be believed, it is dangerous then to put in practice an idea since it may be subject to attacks once it proves to be a successful or lucrative endeavor. The Winklevoss twins should create another web thing which they could truly call their own, from conceptualization to actualization.


To be continued …

Posted: February 1, 2011 in FREE FIRE

THis is my first attempt at blogging. I have yet to select what topic I should write about. Hence, the title.